Shell Pilipinas Corp. will now officially be engaged in the business of electric vehicle (EV) charging after securing the approval of its stockholders.
The company said in a disclosure to the Philippine Stock Exchange yesterday stockholders approved on Tuesday the proposal for the company to directly engage in the EV charging station business and to sell various services related to electric charging.
This new business is aligned with the approach towards energy transition to achieve sustainable and cleaner energy solutions beyond petroleum products.
Earlier this year, Shell Pilipinas and its affiliate, Shell Energy Philippines forged a tripartite agreement with the Department of Energy, aimed at the further deployment of EV charging stations powered with renewable energy.
