Utility Dive•4 months ago
Shell to sell ‘substantial portion’ of Volta EV business
- •Shell is selling a 'substantial portion' of its Volta EV charging business less than three years after acquiring it for $169 million.
- •This rapid divestment by a major energy company signals potential challenges, strategic shifts, or a re-evaluation of the profitability and scalability within the EV charging infrastructure market.
- •For developers and large power consumers, this indicates increased volatility or consolidation in the EV charging sector, potentially impacting future investment decisions, partnership opportunities, and the long-term stability of charging solutions.
financing