Ubitricity integrates EV chargers into lamp posts and bollards. (Ubitricity)

Royal Dutch Shell Plc has agreed to buy electric vehicle charging company Ubitricity.

Ubitricity’s technology makes on-street charging for electric vehicles possible by integrating charging points into existing infrastructure such as lamp posts. This makes it a leading European provider of on-street charging with more than 2,700 charging points across the UK.

On-street parking is crucial for electric vehicles’ success because the option is likely to be more convenient for drivers, particularly in cities.

The acquisition transaction, for which Shell did not disclose a purchase price, is expected to be completed later in 2021, subject to regulatory clearance.

The decision is part of the oil company’s move into the electric sector, with its goal to reach net-zero emissions by 2050. Shell already has about 100 electric vehicle charging points in the UK and aims to double this by the end of this year.

Shell has made a string of investments in renewable and low-carbon assets and technologies since setting its climate goals in April last year.

Diana A. N.
Diana writes about eco-trends, green living, and sustainable technologies that help us live healthy/active lifestyles. She is also a freelance fashion blogger, and an "Instagram Influencer" (@effortlesslady) in Ottawa, ON — Canada.

Canadian pension fund owned company Leeward Renewable Energy — acquires solar project business from First Solar

Previous article

New York state announces an investment of more than USD $17M to boost high-impact clean energy actions

Next article

You may also like


Comments are closed.

More in News