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Jul 8, 2022
Shell España SA has acquired 100% of Cable Energía, a Spanish developer and operator of electric vehicle (EV) charging points. This acquisition will enable Shell to offer on-the-go EV charging services to drivers and fleets at destination locations in Spain and Portugal. With this transaction, Shell continues to progress its strategy to become the global leader in EV charging.
Headquartered in Seville, Spain, Cable Energía is an electric mobility infrastructure company that aims to become one of the largest providers of EV charging services powered by renewable energy in Spain and Portugal. The company was founded in 2018 by Jesús Nieto and Ignacio López, two engineers with extensive international experience in energy markets and infrastructure who will continue to lead the company. Shell’s acquisition and additional investment will enable the company to accelerate the rollout of Cable Energia’s electric vehicle charging points in Spain and Portugal, significant automotive markets in Europe.
Commenting on the acquisition, István Kapitány, Global Executive Vice President of Shell Mobility said: “Shell has a long and proud history of providing our Spanish and Portuguese customers with the energy they need, with our fantastic partner DISA. With the Cable Energía acquisition, we will support rapid growth of our EV charging network in both markets and, importantly, provide a great charging experience for our customers. We warmly welcome the team into the Shell Recharge family.”
Ignacio Lopez, Director General of Cable Energia added: “By growing a reliable network of EV charging stations, we want to give drivers confidence to travel the peninsula with EVs and support the transition towards an efficient and accessible decarbonisation of road transport.”
Cable Energia currently has 80 charge points installed across Spain and Portugal, adding to Shell’s network of around 20,000 public charge points globally, and aspires to be a leading provider for EV charging services in both markets. Shell currently offers charging solutions for the home, office, and depots in Spain via Shell Recharge Solutions. With the Shell Recharge app customers are provided with roaming access to an expansive public charging network throughout Spain, Portugal, and 33 more European countries.
Cable Energía becomes a wholly owned subsidiary of Shell, within its Mobility division.
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