This is not unlike the tobacco companies buying up food companies back in
the 1980s.  They're planning ahead for diversifing their business model.

Peter Flipsen
Carlton, Oregon

On Sat, Feb 16, 2019, 11:25 PM brucedp5 via EV < wrote:

> 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.
> [©]
> 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...
> ...
> 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
> ...
> Petro-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 ...
> Greenlots charge= paying $hell-Oil> acquired another
> Shell Acquires Greenlots to Lead North American EV Charging Push
> Jan 31 2019
> [dated]
> 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
> 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
> 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
> 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...
> For EVLN EV-newswire posts use:
> {}
> --
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> _______________________________________________
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