Shell to acquire EV-charging firm Ubitricity as it advances push into electric mobility

first_imgShell looks to Ubitricity as it expands low-carbon presenceThe move by Shell, one of the world’s largest oil and gas producers, is the latest sign of the company’s strategic shift away from fossil fuels as it targets net-zero emissions by 2050.Like many of its European peers, the Anglo-Dutch oil major recently embarked on a transition towards renewable electricity production and clean energy services, as it responds to investor pressure over climate change and positions itself for a decarbonised future.István Kapitány, executive vice president of Shell Global Mobility, said: “We want to support the growing number of Shell customers who want to switch to an EV by making it as convenient as possible for them. On-street options such as the lamp-post charging offered by Ubitricity will be key for those who live and work in cities or have limited access to off-street parking.”Shell currently operates around 1,000 rapid charging points across hundreds of retail locations, and provides access to a further 185,000 third-party units globally.In the UK, where Ubitricity holds a 13% market share, the government recently announced a ban on the sale of new combustion-engine vehicles from 2030, in an effort to encourage customers to make the electric switch.But to enable this oncoming transition – some estimates anticipate as many as 10 million EVs on British roads by 2030, compared to a few hundred thousand today – scaling up charging infrastructure quickly will be crucial.Oil companies that have for years serviced the petroleum-vehicle market are now showing strong interest in electrified mobility services.France’s Total last year acquired Blue Point London, the largest network operator in the country’s capital, as part of its own effort push to decarbonise – as well as other similar investments across Europe.UK major BP operates the UK’s largest EV charging network through its subsidiary Chargemaster, and has said it wants to increase the number of charging points it operates globally to 70,000 by the end of this decade – an almost 10-fold increase on its current portfolio.Sam Raciti, UK general manager at Bolt – a ride-hailing business that works with Ubitricity – said Shell’s acquisition is “affirmation that all businesses need to evolve their operations, products and long-term vision for the sake of the planet”.Bolt and Ubitricity have partnered to identify locations where EV chargers might be installed to encourage more drivers to choose electric alternatives.“It’s even more pressing that companies which rely on current infrastructure and commodities focus on the future,” Raciti added. “We have only just started our mission of offering greener ways for people to move around the world’s cities – it’s encouraging to see companies such as Shell demonstrating their own commitment to that journey.” Ubitricity operates the UK’s largest public network of electric vehicle charging points Ubitricity integrates charging technology with existing on-street infrastructure (Credit: Ubitricity) Royal Dutch Shell has agreed to buy Ubitricity, a German provider of on-street electric vehicle (EV) charging points, for an undisclosed fee.Ubitricity operates charging infrastructure across Europe, and is the UK’s largest public network provider with more than 2,700 EV chargepoints installed.It integrates charging technology into existing street infrastructure such as lampposts and bollards – a method aiming to overcome the challenges faced by EV owners who do not have access to private driveways for home charging.“Particularly in larger cities where there is limited access to off-street parking, this is the solution many people have been waiting for to allow them to transition to EV ownership,” said Ubitricity chief executive Lex Hartman.Subject to regulatory approvals, the deal is expected to be finalised later this year.last_img read more

Blatter urges FIFA to suspend Infantino

first_imgRelatedPosts Super Eagles soar on FIFA ranking COVID-19: FIFA count cost to football Germany still winless in UEFA Nations League after drawing with Switzerland Former FIFA president Sepp Blatter has called for his successor, Gianni Infantino, to be suspended by the global soccer body after criminal proceedings were opened against Infantino in Switzerland.Swiss authorities said on Thursday that proceedings had been launched against the current FIFA boss by a special prosecutor looking into meetings he had with Swiss Attorney General Michael Lauber. Lauber and Infantino have denied wrongdoing.“For me, the situation is clear, that the FIFA ethics committee has to open a case against Mr Infantino and so it has to suspend him,” Blatter, 84, said in a statement.Blatter, who was FIFA president for 17 years, himself was suspended and later banned by FIFA’s ethics committee after he became the subject of criminal proceedings in Switzerland in 2015.FIFA’s ethics committee would not comment on whether Infantino, who was elected in 2016, would face an internal investigation.“Please note that as a general policy, the Ethics Committee does not comment on potential ongoing proceedings nor on whether or not investigations are underway into alleged cases,” it said in a statement. “As usual, any information the Ethics Committee may like to share will be communicated accordingly upon their indications.”Blatter’s investigation is still ongoing.He has denied any wrongdoing and has not been charged.It centred on a payment of two million Swiss francs (€1.86 million) made in 2011 to then UEFA president Michel Platini with Blatter’s approval for work the Frenchman had done a decade earlier.Blatter was banned for eight years, reduced to six on appeal, and Platini also for eight years, reduced to four. Platini denied wrongdoing.The FIFA ethics committee is divided into an investigatory and adjudicatory chamber, which since 2017 have been headed by Colombian Maria Claudia Rojas and Greek Vassilios Skouris respectively.They replaced Swiss Cornel Borbely and German Hans-Joachim Eckert who were ousted when the decision-making FIFA Council decided not to renew their mandates.Tags: FIFAgianni infantinoSepp BlatterSwitzerlandlast_img read more