Mar 13, 2019

Shell aims to become world’s largest electricity group

Royal Dutch Shell, one of the world's biggest oil and gas groups, is aiming to become the largest electricity company by the 2030s, as it prepares for a fundamental shift in global energy supplies towards lower-carbon sources. Speaking at the CERAWeek conference in Houston, Mr Wetselaar said that if Shell achieved its goal for cutting its greenhouse gas emissions by 2035, "The amount of power - of clean power - we will need to be selling . . . will make us by far the biggest power company in the world". By 2020, Shell plans to be investing $1bn-$2bn a year in new energy technologies including electricity. Like other European energy majors including Total and Repsol, Shell has been investing heavily along the electricity supply chain - from generation to electric car charge points. Shell and its rivals believe they can provide a better customer experience compared with traditional utilities, as they are able to deploy advanced technologies to crunch data about how and when customers use electricity to provide them the best service.

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