It's kind of disgusting but I think it's a good sign. Better to have them come on board rather than fight. Further, even if the current startups in the renewable energy business thrive and grow on their own, they probably won't end up being altruistic when they become dominant players. Different names on the doors, same mentality.

------ Original Message ------
From: " via EV" <>
To: "Electric Vehicle Discussion List" <>
Cc: "" <>
Sent: 17-Feb-19 8:47:58 AM
Subject: Re: [EVDL] Oil &utilities buying up charging> fossil buy-in

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
 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
 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
 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
 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

 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
 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
 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
 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
 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

 EVLN: U.S. Exxon Mobil EV-charging-network Game afoot
 ... electric vehicles (EV) around the world. The energy giant is planning
 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
 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
 ... 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
 to benefit from the move away from diesel and petrol cars, Chief Executive
 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...

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