Jan 25, 2021
Shell buys UK’s largest electric vehicle charging network
Royal Dutch Shell has agreed to buy Ubitricity, owner of the largest public charging network for electric vehicles in the UK, as the oil major expands its presence along the power supply chain. Shell said the acquisition would help it expand into on-street charging. It already has more than 1,000 fast and ultrafast charging points at 430 Shell retail stations and a greater number including those owned by partners and affiliates at forecourts and motorway service stations. István Kapitány, who heads Shell's mobility business, said: "Working with local authorities, we want to support the growing number of Shell customers who want to switch to an by making it as convenient as possible for them." Like peers such as Total and Repsol, Shell has been expanding along the electricity supply chain in recent years as it looks to build a business that will be resilient through an energy transition towards cleaner fuels.
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