The next time you recharge your electric vehicle it still could be an oil company that's profiting. Shell New Energies, the renewable energy investment arm of petroleum stalwart Royal Dutch Shell, announced yesterday that it acquired Greenlots. Greenlots is a start-up with a wide reach in the electric vehicle charging infrastructure area. It operates a network of public charging stations and an electric vehicle charging management platform, and also installs charging stations for automotive brands and utility companies. Last year the Los Angeles-based company won a contract with Electrify America to install charging stations in businesses and properties across the U.S. as part of $2 billion investment in EV infrastructure.

Source: Forbes January 31, 2019 21:11 UTC