Our first energy transition update since 2021 is an opportunity to take stock of our progress, to reflect on what we have learned, and to look forward as we transform Shell into a net zero emissions energy business by 2050. Our energy transition update shows how we are delivering against our climate targets. As we focus on areas of competitive
READ MOREShell plans to keep investment in its renewables and energy solutions business steady this year after it hit an all-time high in 2022. A number of governments have "emphasised the green energy transformation" and provinces from the south-east coastal region are "planning to further develop renewable energy and the accompanying
READ MOREThe company''s clean energy investments since 2016 add up to $3.2 billion, while it has spent about $84 billion on oil and gas exploration and development, according to estimates by Bernstein, a
READ MOREIn July 2022, we took the final investment decision to build Holland Hydrogen 1 in the Netherlands, which will be Europe''s largest renewable hydrogen plant once operational. The 200 MW electrolyser will produce up to 80 tonnes of renewable hydrogen a day, enough to meet up to 10% of the annual hydrogen demand from Shell Energy and Chemicals
READ MOREEnergy transition strategy. Powering Progress is our strategy to generate more value with less emissions for the benefit of our shareholders, customers and wider society as we work to become a net-zero emissions energy business by 2050. Our purpose -- to provide more and cleaner energy solutions – drives our strategy.
READ MOREIncrease our investments in Marketing and Renewables and Energy Solutions, with expected returns of 15-25% and more than 10% respectively. [B] These businesses include our service stations, sales of gasoline and diesel, fuels for business customers, power, hydrogen, biofuels, charging for electric vehicles, nature-based solutions, and carbon
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READ MOREInvestments and returns. Since the first quarter of 2022, we have reported separately on the performance of our five business segments [A]: Our Marketing business has targeted returns of 15-25%. It comprises Mobility, Lubricants, and Sectors and Decarbonisation. Mobility operates Shell''s retail network, including electric vehicle charging services.
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READ MOREShell Energy Australia Chief Executive Officer Greg Joiner said he is looking forward to working with GIG to bring improved reliability to energy consumers in Victoria. "The Rangebank project is our first grid-scale battery investment in Victoria and marks Shell''s first direct equity investment in a utility-scale BESS globally.
READ MOREWind. Wind is one way of generating renewable electricity and helping the UK achieve the government target of net zero by 2050. With our joint venture partner ScottishPower, Shell is developing floating wind projects that could bring enough clean energy to power 6 million homes. Learn more about wind.
READ MOREThe company''s clean energy investments since 2016 add up to $3.2 billion, Stanley Reed reports for The New York Times, while it has spent about $84 billion on oil and gas exploration and
READ MOREThere are all sorts of sources in nature that can provide energy, such as the wind, sun, sea and plants. Below are two types of renewable energy that Shell is investing in. Using photovoltaic panels, sunlight can be converted into electricity. Solar is the fastest growing and lowest cost renewable electricity source available today.
READ MORE1 Subject to the completion of the sale of Shell Petroleum Development Company of Nigeria Limited (SPDC). 2 Customer emissions from the use of our oil products (Scope 3, Category 11) were 517 million tonnes carbon dioxide equivalent (CO2e) in 2023 and 569 million tonnes CO2e in 2021. 3 Shell''s net carbon intensity is the average intensity, weighted by sales
READ MOREThe IEA estimates that these changes in the end-use of energy will require substantial investment. Under the IEA Net Zero Emissions by 2050 scenario, for every one US dollar spent on fossil fuels, a further $5.7 need to be spent on clean energy and a further $5.6 spent on efficiency and end-uses. The renewable hydrogen produced will supply
READ MOREInvestments subject to board approval and supporting policy. Shell UK has unveiled plans to invest £20-25 billion in the UK energy system over the next 10 years. More than 75% of this is intended for low and zero-carbon products and services, including offshore wind, hydrogen, carbon capture utilisation and storage (CCUS) and electric
READ MOREShell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe''s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and
READ MOREAs we focus on areas of competitive strength, we are investing $10-15 billion on low-carbon energy solutions between 2023 and the end of 2025. We are also investing in oil and
READ MOREShell denies misleading investors on renewables. Shell boss Wael Sawan said he would "refute the claim" that the fossil fuel firm''s renewable energy solutions'' accounting is misleading due to the
READ MOREShell Ventures is at the forefront of these changes and aims to accelerate the energy and mobility transformation by investing in companies that lower emissions, electrify our energy system, help us gain data-based insights and provide innovative consumer solutions. If your company is in renewable energy, new fuels for transport, connected
READ MOREExternal power sales. In 2022 our external power sales were 243 terawatt hours ( TWh ), compared with 247 TWh in 2021. The difference was mainly a result of higher volume sales during a Texas winter storm in 2021 and mild weather conditions in 2022. This was partly offset by business growth in the Americas and Europe.
READ MOREInvestment in renewable energy projects soared to new heights in 2021, thanks to new solar and wind power installations. In order to reach net-zero carbon emissions by 2050, BloombergNEF predicts
READ MOREBy Clifford Krauss and Ivan Penn. June 7, 2022. HOUSTON — Shell said on Tuesday that it would begin selling electricity generated from renewable sources to residents and businesses in Texas, a
READ MOREAchieving universal energy access by 2030 will require a mix of commercial investment and community programmes tailored to those who cannot access or afford energy solutions without support. That''s why, in collaboration with communities and a diverse range of partner organisations, our Social Investment teams develop market-based programmes
READ MOREOur 2032 price target is $128 per share, implying a return of 13% per annum with dividends reinvested. Even after investing in the business, Shell should have ample cash to buy back shares at 2%
READ MORELiquefied natural gas (LNG) will play a critical role in the energy transition, including replacing coal in industry. Oil will have a continued role in transport, with growth in demand slowing over time. Low-carbon molecules and renewable power will underpin the future energy system. Carbon abatement and removal solutions will be needed for the
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