Acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping to scale its overall EV charging offer.
It supports the Georgia smart city’s aim to increase electric vehicles ownership and use within the city by providing residents and businesses with vetted EV charging solutions.
The product aims to help solve the issue of charging for vehicle owners without access to off-street parking, currently a major barrier for electric vehicle uptake in urban areas.
Liberty Charge said it will provide the “under-the-pavement power” and communications infrastructure necessary for charging in residential areas in towns and cities.
The Electric Vehicle Supply Equipment-Ready ordinance updates the city’s municipal code to increase the number of private parking spaces equipped with EV-charging capacity.
Annual utility revenue opportunities in smart cities is expected to exceed $100bn by 2027 with areas such as EV charging and smart street lighting offering new streams
Buses, trucks and other fleets can reduce their environmental footprint as ChargePoint becomes the first EV charging network to accept corporate fleet cards