https://qz.com/1542499/oil-companies-and-utilities-are-buying-up-all-the-electric-car-charging-startups/
Oil companies and utilities are buying up all the electric car charging
startups
February 5, 2019 Michael J. Coren
For decades, oil and gas companies and utilities dismissed electric cars.
Now, the old petroleum and power giants are muscling into the driver’s seat
of the “new fuels” industry.
It’s projected to be a big business. McKinsey counts more than 350 new
electric vehicle (EV) models debuting by 2025, one of the conditions for
mass-market adoption. Global demand for gasoline is set to peak around 2021
thanks to electric vehicles (EVs) and fuel efficiency gains. The energy
research and consultancy Wood Mackenzie predicts charging infrastructure
investment in the US will exceed $18 billion annually by 2030 for
equipment,
installation, operations, and services. China is expected to have three
times more energy demand from EVs by then.
Now, fossil fuel incumbents want in. They’re investing heavily or outright
acquiring electrical infrastructure needed to supply the millions of
electric vehicles (EVs) expected in the next few years. Although just 2.2%
of the world’s vehicles are electric, a record 2 million or so EVs were
sold
last year amid exponential growth.
While the numbers aren’t huge yet—for example, Shell’s $1 billion in
renewable energy and EV investments amounts amounts to just 4% of its
annual
capital expenditures—they’re growing fast. Globally, $334 billion was
invested in global clean energy in 2017, reports BNEF (pdf)
Public charging infrastructure is ramping up almost everywhere, and each
region has its own unique mix of players, says Bloomberg New Energy Finance
(BNEF). In Europe, 79% of the public charging infrastructure is operated by
utilities and oil companies. In the US, 62% of the market is managed by
pure-play EV operators. In China, equipment manufacturers control the
majority.
So far, European firms are making the biggest moves. The most recent move
was Royal Dutch Shell’s purchase of Greenlots, a startup offering software
and services for EV charging networks. The British-Dutch oil giant says it
will use Greenlot’s technology, which combines software to optimize battery
charging and grid balancing services in one charging platform, to build the
“foundation” of its EV business in North America. The company is pouring
about $1 billion a year into such deals, according to BNEF, including the
acquisition of 30,000 charging stations in Western Europe, as well as a $31
million investment into EV charging startup Ample in 2018.
Last year, France’s Total closed a deal for G2mobility, which offers EV
charging solutions, as well as a $1.7 billion deal for Direct Energie,
making it a major electricity retailer in France as well. Ultimately,
Reuters reports, Total wants to grow its “low-carbon energy assets” from 5%
of the total today to 20% by 2035. Most of Europe’s biggest oil firms now
have a hand in renewable energy, power trading, energy storage, retail
electricity sales, grid management, or EV charging.
“In Europe, the line between utilities and oil and gas companies is getting
a bit blurry,” said Colin McKerracher of BNEF at its summit in San
Francisco
on Feb. 4. “The oil and gas companies in Europe see where this stuff is
going and want to ensure they are not missing out on it. … It’s not just a
downside hedge.”
The US is a different story. Companies like Chevron and ExxonMobil are just
starting to edge into utilities’ traditional territory. Last year, Chevron
participated in a $240 million round for ChargePoint, a network of
independently owned charging spots, valued at $1.5 billion, according to
Pitchbook. The utility American Electric Power and German automaker
Daimler
invested alongside the oil giant.
Most active are US utilities, with many partnering directly with car
companies. Pacific Gas and Electric, Southern California Edison, San Diego
Gas & Electric, and New Jersey’s PSE&G have partnered with carmakers to
offer thousands of dollars in rebates for BMW, Nissan, and other brands.
California’s Pacific Gas & Electric, New York’s Consolidated Edison, the
southeast’s Duke Energy Company, and others covering almost every state are
lobbying Congress to extend EV tax credits. Pacific Gas and Electric is
busy
investing in thousands of fast-charging stations around the state.
[© qz.com]
https://finance.yahoo.com/news/oil-giants-competing-buy-battery-121427788.html
Oil giants are competing to buy battery companies
February 15, 2019 Shell has also acquired Greenlots and New Motion,
electric-car charging companies in the US and Europe, respectively. Sonnen
also says that it has developed its own technology for electric-car
charging, which will now become part of Shell’s growing portfolio in this
area ... It uses lithium-iron-phosphate batteries, which are known to be
cheaper and longer lasting than the nickel-cobalt-manganese b...
...
https://www.renewableenergyworld.com/articles/2019/02/shell-buys-sonnen-batterie.html
Shell buys sonnen batterie
February 15, 2019 With the help of Shell, sonnen will accelerate its
ability to offer innovative integrated energy services and electric vehicle
...
https://www.cspdailynews.com/fuels/petro-canada-launching-coast-coast-ev-charging-network
Petro-Canada
<https://www.cspdailynews.com/fuels/petro-canada-launching-coast-coast-ev-charging-networkPetro-Canada>
Launching Coast-to-Coast EV-Charging Network
Feb 15, 2019 CALGARY, Alberta -- Petro-Canada is building a coast-to-coast
network of electric vehicle (EV) fast-charging stations across Canada. The
company announced ...
https://cdn.winsightmedia.com/platform/files/public/2019-02/background/1800x945/petro-canada_1550260987.jpg?EoMeZ5FANDFPfplw86HazTLdoW1trd7A
http://electric-vehicle-discussion-list.413529.n4.nabble.com/Greenlots-charge-paying-hell-Oil-acquired-another-EVSE-net-tp4692737.html
Greenlots charge= paying $hell-Oil> acquired another EVSE.net
Shell Acquires Greenlots to Lead North American EV Charging Push
Jan 31 2019
[dated]
http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-U-S-Exxon-Mobil-EV-charging-network-Game-afoot-tp4674113.html
EVLN: U.S. Exxon Mobil EV-charging-network Game afoot
... electric vehicles (EV) around the world. The energy giant is planning
to
build its own EV-charging network in the US and will start working on the
project within six months, according to a person familiar with the matter
who spoke with Bidness Etc. Exxon Mobil decided to enter the EV market
as...
Mar 07, 2015
http://electric-vehicle-discussion-list.413529.n4.nabble.com/Shell-shock-oil-company-embraces-EVs-with-Shell-Recharge-charging-tp4688308.html
Shell shock> oil company embraces EVs with 'Shell Recharge' charging
... electric charging sphere. Currently, the oil company has more than
30,000 EV charge points in Europe ... Shell’s traditional looking “pump”
EVSE> £0.49/kWh...
Oct 22, 2017
http://electric-vehicle-discussion-list.413529.n4.nabble.com/BP-in-talks-with-Electric-car-makers-on-partnering-to-offer-EVSE-their-stations-tp4687590.html
BP in talks with Electric car makers on partnering to offer EVSE @their
stations
... New Delhi, India, June 15, 2017 / Adnan Abidi LONDON (Reuters) - BP is
in talks with electric vehicle makers on partnering to offer battery
re-charging docks at its global network of fuel service stations as it
seeks
to benefit from the move away from diesel and petrol cars, Chief Executive
Bob...
Aug 07, 2017
http://electric-vehicle-discussion-list.413529.n4.nabble.com/BP-Fuel-Cards-sez-EV-charging-a-logical-move-use-their-ice-card-to-charge-a-plugin-tp4686324.html
BP Fuel Cards sez EV-charging a 'logical move'> (use their ice card to
charge a plugin?)
Apr 07, 2017 ... move and it will happen within the next year or two.” BP,
which operates a branded network of 1,300 sites, has already launched a
similar scheme in the Netherlands after multiple fast-charging systems were
introduced at some of its service stations in 2011, as part of a nationwide
trial. The...
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