Shell Acquires US EV Charging Firm With Plugs at Kroger, Six Flags

Shell Plc agreed to buy US electric-vehicle charging firm Volta Inc. as the fossil-fuel giant works to keep pace with the transition to low-carbon mobility.

The $169 million takeover of Volta — which installs chargers with large video advertising screens at grocery stores, office buildings and elsewhere — is emblematic of an accelerating shift in focus for a company that has relied on a vast network of traditional filling stations to reach customers…

The acquisition is part of Shell’s efforts to prepare for a world in which oil consumption ebbs as more industries electrify and people ditch combustion-engine cars. Volta has set up more than 3,000 charging points with partners including supermarket Kroger Co., the Oracle Arena in San Francisco and Six Flags Theme Parks Inc.