diff --git a/boards/shields/nrf2240ek/nrf2240ek.conf b/boards/shields/nrf2240ek/nrf2240ek.conf
index fc68e5275b08..c3171f45690c 100644
--- a/boards/shields/nrf2240ek/nrf2240ek.conf
+++ b/boards/shields/nrf2240ek/nrf2240ek.conf
@@ -1,3 +1,11 @@
 CONFIG_BOOT_BANNER=n
 CONFIG_EARLY_CONSOLE=n
 CONFIG_NCS_BOOT_BANNER=n
+
+# Options related to the nPM1300 regulator and the workaround
+# against voltage drops on the nRF2240 power supply pin VDDPALDO.
+CONFIG_SENSOR=y
+CONFIG_NPM1300_CHARGER=y
+# Ensure that FEM is initialized after the nPM1300 current limit on the nRF2240EK is set.
+CONFIG_SENSOR_INIT_PRIORITY=90
+CONFIG_MPSL_FEM_INIT_PRIORITY=91
diff --git a/boards/shields/nrf2240ek/nrf2240ek.overlay b/boards/shields/nrf2240ek/nrf2240ek.overlay
index 1908ef502567..c19f43a1a81c 100644
--- a/boards/shields/nrf2240ek/nrf2240ek.overlay
+++ b/boards/shields/nrf2240ek/nrf2240ek.overlay
@@ -18,7 +18,7 @@
 	};
 };
 
-fem_twi: &arduino_i2c {
+&arduino_i2c {
 	status = "okay";
 	compatible = "nordic,nrf-twim";
 
@@ -27,4 +27,27 @@ fem_twi: &arduino_i2c {
 		status = "okay";
 		reg = <0x30>;
 	};
+
+	/* The nPM1300 on the nRF2240EK is used to supply power to the nRF2240 device. */
+	nrf2240ek_pmic: pmic@6b {
+		compatible = "nordic,npm1300";
+		status = "okay";
+		reg = <0x6b>;
+
+		nrf2240ek_pmic_charger: charger {
+			compatible = "nordic,npm1300-charger";
+			status = "okay";
+			/* When objects are placed close to the PCB antenna of the nRF2240EK shield
+			 * the supply voltage drops on the nRF2240 power supply pin VDDPALDO were observed.
+			 * As a workaround the current limit on VBUS of the PMIC is increased.
+			 */
+			vbus-limit-microamp = <500000>;
+			/* This PMIC does not have a battery, but the settings below are required by the driver */
+			term-microvolt = <4150000>;
+			current-microamp = <150000>;
+			dischg-limit-microamp = <1000000>;
+			thermistor-ohms = <10000>;
+			thermistor-beta = <3380>;
+		};
+	};
 };