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https://www.axios.com/shell-gm-texa..._campaign=newsletter_axiosgenerate&stream=top
Shell and GM unveil partnership on Texas power and car-charging
Andrew Freedman
Illustration: Annelise Capossela/Axios
General Motors and a Shell-owned power company will unveil a partnership on Wednesday aimed at providing renewable electricity to Texas customers and free overnight charging to state residents who own GM electric cars.
Why it matters: It’s a new way for two corporate giants to expand their operations in a way that lowers emissions at the customer and supplier level.
The big picture: In the process, the two companies — one a giant fossil fuel producer, the other a manufacturer of oil-hungry products — can make progress toward their corporate emissions goals.
Shell and GM unveil partnership on Texas power and car-charging
Andrew Freedman
Illustration: Annelise Capossela/Axios
General Motors and a Shell-owned power company will unveil a partnership on Wednesday aimed at providing renewable electricity to Texas customers and free overnight charging to state residents who own GM electric cars.
Why it matters: It’s a new way for two corporate giants to expand their operations in a way that lowers emissions at the customer and supplier level.
The big picture: In the process, the two companies — one a giant fossil fuel producer, the other a manufacturer of oil-hungry products — can make progress toward their corporate emissions goals.
- GM, for example, has set a target of being carbon neutral in its global products and operations by 2040, while Shell is aiming for a net-zero emissions energy business by 2050.
- GM's goal requires the company to make significant cuts in the emissions from the vehicles it sells (known as Scope 3 emissions).
- Shell’s target includes not only the energy consumed through its own operations, but the emissions from the fuels it sells to its customers.
- The EV charging options will be added in late July, according to a GM spokesperson.
- "Once launched, the EV plans are structured to provide free overnight renewable-energy charging to assist with managing the cost of charging their vehicle," Appleby said.
- Such a charging window allows customers to draw energy from the grid at non-peak hours, when electricity costs tend to be lower.
- In addition to GM’s customers, the energy program will also be extended to GM's suppliers so they can reduce their greenhouse gas emissions.
- He sees the overnight charging component as a way to put customers in charge of controlling their electricity costs as EVs become more common.
- “And so that's kind of down the path, as we think about an all-electric future, is starting to get our customers engaged in understanding electricity, more or less, and then ultimately how they can potentially support them as they look for low-cost solutions,” he said.