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As the auto industry moves to fully electric vehicles, big oil companies are looking to keep their share of the wealth. In the latest news, oil giant Shell is buying out EV charging and media company Volta.

Big oil goes after EV charging

With an increasing number of automakers and nations committing to fully electric vehicles and the auto industry’s future becoming clearer, oil companies are doing their part to ensure they remain relevant throughout the transition.

Electric vehicles accounted for 10% of total global auto sales for the first time in 2022, crossing a significant threshold as the industry sets its sights on scaling EV production.

Over the past several years, big oil giants like Shell have made several acquisitions and other investments to expand their EV charging network and diversify away from gas-related sales.

The oil company rolled out some of its first EV charging stations in 2017 and acquired New Motion later that year, giving them immediate access to 30,000 stations across Europe. Shell has since followed up with several new investments and buyouts in addition to partnering with big names like Nio and BYD to expand its network.

Shell currently operates around 90,000 EV charging ports at homes, businesses, and Shell-branded locations, with an extra 300,000 stations available through its roaming networks.

By 2025, Shell looks to operate over 500,000 EV charging ports as it transitions its business to the new era of zero-emission electric vehicles. The company’s latest acquisition will get it one step closer to its goal.

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Shell Recharge EV charging (Source: Shell)

Shell buys Volta in an all-cash deal

In a press release today, Volta announced it has entered into a definitive merger agreement where Shell USA will buy the company in an all-cash deal worth around $169 million.

Volta is San-Francisco-based EV charging and media company with Level 2 charging stations deployed at grocery stores, shopping malls, banks, and other business or retail locations.

Vince Cubbage, Volta’s Interim CEO, explains the transaction is designed to benefit shareholders while providing a clear path forward for the company, saying:

The shift to e-mobility is unstoppable, and Shell recognizes Volta’s industry-leading dual charging and media model delivers a public charging offering that is affordable, reliable, and accessible. While the EV infrastructure market opportunity is potentially enormous, Volta’s ability to capture it independently, in challenging market conditions and with ongoing capital constraints, was limited. This transaction creates value for our shareholders and provides our exceptional employees and other stakeholders a clear path forward.

A big oil company like Shell acquiring a leading EV charging company builds on the EV momentum as more drivers choose zero-emission electric vehicles.

As part of the deal, Shell will supply loans to Volta to help bridge them through closing the deal. In addition, Shell USA will acquire all outstanding Class A common stock of Volta at $0.86 per share in cash.

Electrek’s Take

When I hear big oil investing in clean, sustainable energy, the word greenwashing generally comes to mind. However, in this case, it seems Shell is looking toward the industry’s future to maintain its revenue stream and brand status.

Shell is still one of the world’s largest oil companies, but the company clearly sees where the industry is headed. The oil giant has made several acquisitions and investments over the years to diversify its revenue stream away from gas and oil-related products.

The oil company has one of the largest retail gasoline networks in the US and across the globe, so by offering EV charging at all of these locations and other public businesses, the company looks to maximize its long-term growth opportunities.

Meanwhile, expanding its EV network won’t be Shell’s biggest hurdle; winding down gas and oil operations will be.

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The Invanti Tornado is the Swiss Army knife of e-bikes [Video]

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The Invanti Tornado is the Swiss Army knife of e-bikes [Video]

Want your electric bike to have utility as well as comfort and style? Then, the Invanti Tornado, with its impressive array of optional accessories, could be your ideal ride.

Invanti is developing multi-functional e-bikes to reinvent the e-bike industry. It will launch an Indiegogo crowdfunding campaign on May 22 for its first product, the versatile Tornado e-bike series. Early backers can purchase the Tornado for a super early bird price of $1,299, significant savings vs. gas bikes.

Invanti makes it easy to protect your e-bike from theft with its “invantimobility” app. The smart version Tornado Pro has a smart front hub lock feature that, once activated, can only be unlocked using the app.

This zippy and efficient utility e-bike has a 750W rear hub motor, 1,000 peak power, and a 48V 14.7Ah battery with Samsung cells that give a top speed of up to 25 mph. The Shimano 7-speed transmission, 80 mm travel suspension, 4-piston hydraulic disc brakes, and torque sensor means riding is smooth. It also sports a pair of 20-by-3-inch puncture-resistant tires.

The Tornado provides a range of 60 miles on pedal assist and 25 miles on throttle only. You can additionally install an extra 48V, 10.4Ah battery that you take with you, giving a cumulative total of 100 miles on pedal assist and 43.5 miles on throttle only. Plus, you can use the extra battery as a portable powerbank for your phone.

What makes the Invanti Tornado stand out is the cool accessories it comes with. Your e-bike arrives with a front rack, a rear cargo rack, a rear fork storage bag with lockout, and rear wheel mudguards. It also features front and rear lights with integrated turn signals.

Plus, it offers a choice of nine upgrade accessories, which give this bike an almost modular feel. This means you can make your e-bike bespoke:

If you want to cart around passengers, you can make it happen with the Invanti Tornado’s optional rear seat pad and passenger foot rest, and there’s also a child safety handrail. Its dual-tube aluminum alloy frame can handle payloads of up to 440 pounds.

Invanti’s super early bird price on the Tornado is $1,299, and the official crowdfunding price is $1,499.

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This startup is about to install bladeless rooftop wind turbines on box buildings

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This startup is about to install bladeless rooftop wind turbines on box buildings

Aeromine Technologies just closed a $9 million funding round, and it’s ready to scale up production of its bladeless rooftop wind turbines.

Energy research, investing, and strategy firm Veriten is the lead investor in Aeromine Technologies’ Series A funding round.

Aeromine, launched in 2022, makes compact 50 kW or larger “wind harvesting platforms” that it mounts on the edge of a building’s roof. The rooftop wind units, which have no external moving parts or blades, capture wind flowing up and over the building and convert it into onsite electricity. Its generator system is a rotor-stator system with a highly efficient 5 kW permanent magnet generator. (Specs are here.)

The noiseless technology leverages aerodynamics like airfoils on a race car to capture and amplify each building’s airflow to generate energy. Aeromine says its systems typically consist of 20-40 units installed on the edge of a building facing the predominant wind direction.

Each 1,000-pound unit can withstand winds of between 120 and 158 mph depending on specification.

Aeromine’s units can operate independently or be integrated with existing rooftop solar arrays. Onsite power generation eliminates grid supply disruptions.

Maynard Holt, founder & CEO of Veriten, said:

We believe that distributed power innovation will play a vital role in helping companies fulfill their need for reliable, reasonably priced electricity and desire for low-impact power. We’re excited to partner with Aeromine, as its ability to quickly and affordably help a wide variety of companies meet their energy needs with wind resources is unique among distributed energy solutions.

The bladeless wind turbines are designed to power apartment buildings, warehouses, manufacturing facilities, offices, hospitals, retail centers – basically any big box building with a flat, unobstructed roof.

The company says it has 400 qualified projects in its pipeline and expects to roll out commercially in Europe and North America in 2025. 

Read more: How renewables could beat natural gas in US generating capacity within 3 years – in numbers


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

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Ford likely to enable all dealers to sell EVs amid shifting plans

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Ford likely to enable all dealers to sell EVs amid shifting plans

With changes expected to Ford’s electric vehicle certification program, all Ford dealers will likely be able to sell EVs. Ford is reportedly preparing to open the program amid feedback from its dealers.

Ford poised to open dealers network to sell EVs

After asking dealers to pause EV investments this week, Ford is finalizing changes to the program. Ford already eased requirements last year due to “changes in the market.”

Ford spokesperson Marty Gunsberg confirmed that several dealers opted out of the program this past December. Gunsberg said, “Enrollments for 2024 are just over 50% of the network.” That’s down from about two-thirds confirmed by CEO Jim Farley a year prior.

According to Automotive News, after a series of meetings between dealers and executives, Ford is now preparing to allow all dealers to sell EVs.

Ford is expected to update the financial requirements needed to qualify. Previously, dealers were required to invest at least $500,000 to enroll in the program. For $1.2 million, dealers could be eligible for the “Elite” tier, which included additional chargers, demo units, and a presence on Ford.com.

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Ford Mustang Mach E at a Tesla Supercharger (Source: Ford)

If dealers didn’t want to invest, they couldn’t sell Ford EVs. Ford’s vice president of EV programs, Lisa Drake, said the company no longer believes having select dealers sell EVs is the right plan.

More dealers want in but with less financial commitment

“What we’re finding is more dealers want to be involved in it and we don’t want to be exclusive to just a handful,” Drake said. “And so we’re making a change where we’re opening up that and not requiring as many certifications or investments for a dealer to participate in the EV revolution.”

Meanwhile, the changes will not be finalized until early June, when Ford meets with its dealer council.

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2024 Ford F-150 Lightning lineup (Source: Ford)

It’s unclear how much Ford will reduce financial requirements to sell EVs, but many believe it will be drastically relaxed to promote participation.

Drake said Ford will be “more ubiquitous with our training and make sure essentially all of our dealers are equipped to sell them” going forward. Ford will need to figure out how to deal with those who have already made investments at the upcoming dealer council meeting.

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Ford Mustang Mach-E GT Bronze edition (Source: Ford)

Ford slashed prices on its popular Mustang Mach-E and F-150 Lightning in recent months to boost sales.

After cutting Mach-E prices by up to $8,100 earlier this year, Ford introduced a new 0% APR offer on 2024 models this week.

2024 Mustang Mach-E trim Range Starting Price
Mustang Mach-E Select 250 mi $39,995
Mustang Mach-E Premium 320 mi $43,995
Mustang Mach-E GT 280 mi $53,995
Mustang Mach-E Rally 265 mi $59,995
2024 Mustang Mach-E price and range by trim

Ford also introduced new discounts on the 2023 F-150 Lightning this week, offering up to $15,000 off MSRP. F-150 Lightning lease prices were cut by over $400 a month.

If you’re in the market for a new EV, now’s the time to start shopping. You can use our links below to find deals on Ford’s electric vehicles at a dealer near you.

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