Shell pledges half a million charge points in its network by 2025
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Shell is at the forefront of becoming a net-zero emission oil firm by 2050. Well, this is in line with the UN Paris Agreement objectives. As one of the largest energy companies in Europe, Shell wants to decrease the effect of the product its consumers use and ensure its business operations are net-zero.
It plans to attain this by increasing its number of global public EV charge points from 60,000 to at least 500,000 by 2025. Probably, the fact that the company acquired Ubitricity, one of the largest on-street EV charging network provider in the United Kingdom, necessitated Shell to have these goals.
Shell has not stated specific details on the number of electronic vehicle chargers it plans to deploy in the individual markets. Currently, it has EV chargers in 14 nations. What’s more, it plans to begin producing environmentally friendly biofuels in its current factories, besides wanting to become the leading hydrogen production company worldwide.
The energy company plans to install EV charge point infrastructure at various courtyards, both in the United Kingdom and abroad. Although it’s not quite extensive, the Shell recharge network currently run by Allego has the advantage of having available areas for expansion and substantial financial backing.
Shell buys Ubitricity
In order to increase its existing range of electric vehicle charge points, Shell supports environmentally-friendly transport by giving EV drivers public on-street charge stations incorporated into the current EV charge point infrastructure.
As a result, the company agreed to acquire 100% Ubitricity shares. With this acquisition, it shows that the company supports the transformation to low-carbon transport. After regulatory clearance, the deal will be complete by the end of the year.
Started in Berlin, Germany, Ubitricity operates in a couple of European nations. Besides, with more than 2,700 charge points in the United Kingdom, Ubitricity is the country’s largest public electric charging network. Ubitricity has installed public charge points in France, Germany and other countries across Europe.
The best thing about Ubitricity is that it works with the local authorities to incorporate electric car charging into the present street infrastructure, like pillars and lamp posts. This way, drivers enjoy a convenient, accessible and affordable charging system. Ideally, this type of charge point is perfect for clients that lack a driveway but still wants to charge their electric cars overnight.
The acquisition symbolises the company’s growth into one of the rapid-growing on-street electric car charge point providers. It will offer crucial competencies, allowing it to increase its overall charge point networks.
According to Shell executive vice president István Kapitány, Ubitricity’s acquisition means the company wants to work hand-in-hand with the local authorities to boost the growing number of Shell consumers who want to migrate to the electric vehicles.
For those who work and live in the cities and those with limited off-street parking, Ubitricity’s on-street charge points will be of significant help. Whether on-the-go or at home, Shell wants to give its customers affordable and accessible electric car charging options.
Shell’s efficient and fantastic recharging
As a renowned global energy supplier, Shell is looking for ways to satisfy the globe’s increasing number of EVs, both courtyards and beyond. Basically, these initiatives are amongst Shell’s objectives to offer clean energy solutions.
Charging on the go
An increasing number of Shell courtyards in the United Kingdom, the Netherlands and the Republic of China provide ‘Shell recharge’ rapid services. The charging takes only 30 minutes to charge your car fully. The best thing about this charging service is that it gives EV drivers a short and fast option to charge up their cars to a level that takes them to their destination.
Charging at home or work
Charging EVs at home is typically the most cost-effective and convenient way to recharge because most cars are parked overnight. A home-based overnight charging is, therefore, the cheapest, in most cases. Charging at work may also be ideal as the car will charge while parked at the car park or basement.
Shell’s NewMotion is one of the largest EV charging providers in Europe. It has over 40,000 private charging stations for businesses and homes in the UK, Netherlands, France and Germany. With Newmotion’s help, Shell is creating flexible and efficient solutions for EV drivers to charge at work or home.
Shell’s declining oil production ends century-long company blueprint
According to Royal Dutch Shell, its oil production and carbon emissions have increased. Still, they will decline over the coming years as the company outlined a comprehensive blueprint for its transformation to clean energy.
When it comes to showing how the gas industry will move away from its growth and exploration, Shell says its petroleum manufacture will decrease by 1% and 2% a year. If the yearly reduction decreases by 2%, Shell’s oil production will reduce by 18% by 2030. Indeed, the global output of typical fuels will decline by 55% by 2030.
In a recent update, Shell published new targets for EV charging, carbon capture and storage, as well as electricity sales. In addition, Shell sought to assure its investors that it could continue maintaining its returns via an energy transformation. So, investors should expect a yearly dividend increase of roughly 4% and a recommencement of its share buybacks once the organisation attaints its net-debt target.
As denoted by Shell’s chief executive officer, Ben van Beurden, its strategy is to decrease carbon emissions and offer value for its shareholders, wider society and customers. One of the best things about Shell is that its measured approach is quite different from its competitors.
Lastly, as the number of electric cars on the market increases, Shell is working extremely hard to offer much more electricity from multiple sources, such as solar power and wind. In this case, the electric vehicles will still run on low-carbon power sources as well. This is part and parcel of the company’s effort to make electricity a substantial part of its business.