The “supermajor” oil companies collectively known as Big Oil are having time for this, largely because of the pandemic, obviously, but also because we are moving quickly to a Pico do Petróleo post era. Big Oil know this, and is doing what it can to participate in what’s next.
See the Royal Dutch Shell, one of seven the so-called “supermajor” oil companies that make up Big Oil, which were very shaken this summer after that had to write $ 22 billion following the demand crater. And while this was largely attributed to the pandemic at the time, Shell and other oil and gas companies were also trying to diversify.
This meant investments in the electricity supply chain, the last of which was the purchase of Ubitricity by Shell, which operates the largest car recharge network in Great Britain.
In Financial Times Monday:
Shell said on Monday it would buy 100% of the company for an undisclosed amount. Ubitricity, founded in Germany, is a leading European supplier of street charging for electric vehicles.
The company, which integrates electric car charging with road infrastructure, such as lampposts, has more than 2,700 charging points in the UK, giving it a13 percent market share.
Shell said the acquisition would help it expand to street charges. It already has more than 1,000 fast and ultra-fast recharge points at 430 Shell retail stations and a larger number, including those belonging to partners and affiliates in front yards and service stations on highways.
Subject to regulatory approval, the deal is expected to close later this year.
Twenty-seven hundred charge points are not that many, and 13 percent of the market is not much either, since “the market” for EVs in Britain is a one-digit percentage compared to internal combustion cars, but when large multinational corporations move their money is always the truest indication where they think the future is going.
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One of the biggest oil companies in the world thinks this electric thing has legs, or at least enough to protect its bets a little. See you at the Shell station in 2050, connecting our vintage Teslas.