Shell New Energies, a subsidiary of major oil company Royal Dutch Shell, has acquired a startup for charging electric vehicles Greenlots, claiming a greater share in the emerging market of electric mobility. Greenlots will retain its brand and leadership and will be the “backbone” of the business Shell for electric mobility in North America.
Greenlots is not just a network for charging, but also a rapid charger and software for control of charging. They’re trying to work with site owners to choose the best charging solutions for the location.
“Together the companies will offer best-in-class software and services that ensure large-scale deployment of smart charging infrastructure and effective integration with advanced energy resources such as solar energy, wind energy and storage of energy,” jointly stated the two companies.
In recent years, Shell has become the leading source of investment in clean technologies because it has been building businesses around the “new fuels”. Earlier Dutch Shell bought the company NewMotion in 2017, getting access to 30 000 charging stations throughout Western Europe. Last year, Shell has invested $ 31 million in Ample, a startup that develops robotic platform electric vehicle charging.
This acquisition is the latest indication that the multinational oil and gas giants are increasingly investing in charging electric cars. And as a result, it is part of a wider diversification of industry in the field of renewable energy and low carbon technologies, while oil and gas remain the basis of their portfolios.
Recall, Shell is actively expanding its network of superfast charging stations in Europe.