#1 cleantech news, reviews, & analysis site in the world. Subscribe today. The future is now.


Biomass

Published on May 18th, 2016 | by Joshua S Hill

10

Shell Creates New Energies Division To Invest In Renewables & Low-Carbon Power

May 18th, 2016 by  


Royal Dutch Shell is reported to have created a new division which will focus solely on investing in renewable and low-carbon energies.

6280287836_2ccdb72913_zAccording to reports in the news, and a new report published by Shell, the oil and gas company will bring together its existing hydrogen, biofuels, and electrical activities, and will go further, using it as a base by which the company can begin stepping into the wind industry sector.

Shell published a new report, Shell: Energy transitions and portfolio resilience, which addresses an oft-raised question, “how is the company positioned for the changes that are to come” in a low-carbon future. Shell’s CEO, Ben van Beuden, in his introduction to the report, highlighted Shell’s “track record of successfully adapting our business model, and delivering profitable growth, over more than 100 years.” Van Beuden added that his company’s assessment of the current energy climate is that “there will continue to be commercial opportunities for Shell in oil and gas for decades to come, providing a foundation to position the company successfully for the energy transition to a lower-carbon system.”

Shell’s New Energies division “is actively exploring opportunities where commercial value is clear.” The new division covers a variety of different avenues, including “new fuels for mobility, such as biofuels and hydrogen; integrated energy solutions, that combine, for example wind and solar energy; and connecting customers with new business models for energy, enabled by digitalisation, and the decentralisation of energy systems.”

Shell already has $1.7 billion attached to its new energies endeavors, and is currently spending approximately $200 million annually to explore and develop the above avenues. Specifically, Shell is focusing on biofuels, hydrogen, wind, and solar.

Image Credit: Shell, via Flickr


Support CleanTechnica’s work by becoming a Member, Supporter, or Ambassador.

Or you can buy a cool t-shirt, cup, baby outfit, bag, or hoodie or make a one-time donation on PayPal.






Tags: ,


About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



Back to Top ↑