Shell has signed an agreement to buy ubitricity, a provider of on-street charging for electric vehicles. The move represents another move from oil companies to diversity and create distribution networks.

Founded in Berlin, Germany, ubitricity operates in a number of European countries, and is the largest public EV charging network in the UK with over 2,700 charge points. The company has also established emerging public charging positions in Germany and France and has installed over 1,500 private charge points for fleet customers within Europe. Ubitricity’s approach is to work with local authorities to integrate EV charging into existing street infrastructure such as lamp posts and bollards.

Shell already owns 1,000 ultra-fast and fast charging points at approximately 430 Shell retail sites plus worldwide access to over 185,000 third-party EV charging points but the acquisition marks a step change in scale.

Shell aims to become a net-zero emissions energy business by 2050, or sooner.

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