USA: Shell continues EV push with Greenlots acquisition

Deal supports the acceleration of electric vehicle infrastructure deployment and management in the U.S.

Greenlots, a US-based leader in electric vehicle charging and energy management software and solutions, has signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc.

With this deal, Greenlots' technology and team become the foundation for Shell's continued expansion of electric mobility solutions in North America. Together, the companies will offer software and services that enable large-scale deployment of smart charging infrastructure and integrate efficiently with advanced energy resources like solar, wind and power storage.

"This latest investment in meeting the low-carbon energy needs of US drivers today is part of our wider efforts to make a better tomorrow. It is a step towards making EV charging more accessible and more attractive to utilities, businesses and communities,” said Mark Gainsborough, Executive Vice President, New Energies for Shell.

Shell New Energies, founded in 2016, focuses on two main areas: new fuels for transport, such as advanced biofuels and hydrogen; and power, being involved at almost every stage of the process.