Shell acquires charging provider Greenlots
Shell’s New Energies division acquires charging infrastructure specialist Greenlots. The US supplier is to form the basis for the oil company’s e-mobility business in North America under the Shell umbrella but will retain its brand identity and management team.
Shell already acquired NewMotion in 2017 and has also joined the CCS CharIN fast charging initiative. Last year, the oil giant also invested heavily in the Ample charging startup and the German battery manufacturer Sonnen. Now it has absorbed Greenlots.
Neither Shell nor Greenlots said anything about the purchase price for the US company. Greenlots has matured into one of the largest charging network platforms in the United States and has contracts with utilities such as Avista Utilities, Southern Company, Southern California Edison, BC Hydro, Pacific Gas & Electric, HECO and AEP Ohio. The company also works with car manufacturers such as Volvo Trucks, General Motors and Volkswagen and its subsidiary Electrify America.
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