Shell Announces the Purchase of Greenlots, One of the Largest EV Charging Providers in the U.S.
【Summary】Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc. announced the purchase of electric vehicle charging company Greenlots, one of the largest EV charging providers in the U.S.
In the future, if everyone drove an electric car, what will happen to all of the existing gas stations? Perhaps they might be converted to EV charging stations by some of the same oil companies that currently operate them, which might be the case with oil and gas company Shell.
Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc. announced the purchase of electric vehicle charging company Greenlots, one of the largest EV charging providers in the U.S. Greenlots will become a subsidiary of Shell New Energies.
Royal Dutch Shell is one the largest oil and natural gas producers and operations around 25,000 gas stations in the U.S.
Greenlots was founded in 2008 and is based in Los Angeles. The company sells EV charging stations to cities, automakers, businesses and other commercial property owners. In addition to providing EV charging infrastructure, Greenlots offers software and support to manage it. The company has a mobile app for driver of electric vehicles, which allows them to locate and pay for charging sessions.
Under Shell's stewardship, Greenlots will now be able to accelerate its "electric vehicle infrastructure deployment and management across North America," Greenlots wrote in a statement.
"As power and mobility converge, there will be a seismic shift in how people and goods are transported," said Brett Hauser, Chief Executive Officer of Greenlots. "Electrification will enable a more connected, autonomous and personalized experience. Our technology, backed by the resources, scale and reach of Shell, will accelerate this transition to a future mobility ecosystem that is safer, cleaner and more accessible."
Shell established its New Energies division in 2016. The division focuses on two main areas new fuels for transportation, such as hydrogen, and power, including generating electricity, supplying it directly to customers, as well as buying and selling it. Shell aims to make electricity a significant part of its business.
"This latest investment in meeting the low-carbon energy needs of U.S. drivers today is part of our wider efforts to make a better tomorrow. It is a step toward making EV charging more accessible and more attractive to utilities, businesses, and communities." said Mark Gainsborough, executive VP of Shell New Energies.
Shell's New Energies business is seeking to leverage the company's strengths in fast-growing and commercial parts of the energy industry, including EV charging, and could spend on average between $1 to 2 billion a year until 2020 on commercial opportunities, such as public EV charging infrastructure.
In December, Greenlots and one of its chief rivals Chargepoint, announced a "roaming partnership" that will enable charging between each respective network. The deal is set to begin in mid-2019 and opens up access to thousands of additional EV charging locations throughout North America at no additional cost to drivers.
Toyota’s Woven Planet Group Acquires Silicon Valley-based Automotive Software Developer Renovo
Tesla Chief Executive Elon Musk Says New Chip Factories Will End the Global Shortage in the Industry by Next Year
Mercedes-Benz Parent Daimler Takes a 33% Stake in Automotive Cells Company (ACC), to Source Batteries for its European Market EVs
Hyundai’s Luxury Brand Genesis Rolling Out ‘Face Connect’ Technology to Open & Close Doors Using Biometric Data
GM is Suspending Bolt EV Production Until at Least Oct 15 Following Latest Recall Over Battery Fires
Electric Truck Startup Rivian Plans to Raise up to $8 Billion in its Upcoming IPO
Volkswagen’s ID.4 Pro SUV Awarded an EPA Estimated Range of 249 Miles, Edging Out the Ford Mustang Mach-E
Tesla Challenger XPeng to Officially Launch the P5 Sedan, its 3rd Electric Model, on Sept 15
- Volvo’s New Electric XC90 to Come with LiDAR & NVIDIA's Orin Processor for Autonomous Driving
- China’s Baidu Unveils a Level-5 Robocar With No Steering Wheel & Gull-Wing Doors That ‘Moves, Communicates & Learns’
- Automaker Hyundai Completes its Acquisition of Robotics Firm Boston Dynamics
- Tesla Completes Construction of its Shanghai V3 Supercharger Factory, Enters Final Testing Phase
- J.D. Power Public Electric Charging Study Finds Tesla Comes Out on Top
- GM, Startup Commercial Company BrightDrop Announce Fleet Charging Service
- Electric Truck Maker Rivian Delays Deliveries of the R1T Pickup Until September
- Automotive Supplier Continental AG to Integrate AEye’s Long-Range Lidar in a Full-Stack Autonomous Driving Solution
- Mercedes-Benz to Make its Sindelfingen Tech Center its Global ‘Electric Software Hub’, Plans to Hire 3,000 Developers
- Silicon Valley-based Lidar Developer Quanergy to Launch IPO in a Merger With Blank Check Firm CITIC Capital Acquisition Corp