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Shell solidifies EVCS business plans

Published Aug 11, 2023 10:19 am

The board of directors of Shell Pilipinas Corporation (SHLPH) has firmed up its direct engagement into the electric vehicle charging station (EVCS) business in line with the transport sector's decarbonization being pushed by the government.

In view of its targeted infrastructure rollout in the EV space, the company’s board had also approved the amendment on its articles of incorporation “to allow the sale of services related to electric charging.”

Shell emphasized that its plunge into EVCS is geared towards “energy transition in step with society, evolving beyond petroleum, towards sustainable and cleaner energy solutions for the company, people, community and environment today and for the future.”

The energy firm has recently collaborated with the Department of Energy (DOE) on broadening the feasibility study on how EV deployments in the country could be accelerated as well as on institutionalizing standards. This could underpin the overall goal of the country to pare down its carbon emissions.

On a broader scale, this Shell venture will also be a succor to its "net zero" emissions goal which will contribute to resolving the global dilemma of climate change risks.

In line with the planned EVCS business, Shell indicated that it will also be engaged in purchasing, creating or generating electric power that may then be funneled to targeted customers in the EV space.

For a meaningful decarbonization game plan in the EV sector, company officials previously conveyed that the preference would be to utilize renewable energy (RE) in the EV charging stations that it will be setting up for consumers.

Shell is among the prospective players in the EV sector which is now awaiting investment policies that shall be enforced in the sector, primarily in the rollout of EV charging facilities.

The firm pointed out it would be able to leverage on the expertise of its global network, in terms of deploying efficient and reliable EV charging facilities that will then cater to Filipino consumers.

By far, Shell has proof-of-concept on such investment paradigm, because it already has pilot EV charging facilities integrated into the network of its existing mobility stations. 

 

 

 

 

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