Shell’s portfolio is evolving from that of an oil and gas company to one of an all-round energy company. In April 2020, Shell set itself an ambition to become, by 2050 or sooner, a net-zero emissions energy business. Our New Energies business, in which we are investing US$1-2 billion in 2020, is part of this transformation.

In Canada, we are actively exploring opportunities where the commercial value is clear in areas such as biofuels, hydrogen, renewable power and customer solutions enabled by digital technology. These areas were chosen because of market materiality or fit with existing Shell competencies.

Read more about our global New Energies business

New Energies in Canada

Battery Storage - Convergent 

In May 2019, we announced a joint venture with Convergent Energy + Power to develop 21 MWh of industrial battery storage systems at two Shell facilities in Ontario. By using the energy storage solutions developed and operated by Convergent, commercial and industrial customers can lower their energy bills by decreasing the amount of electricity their facilities consume during grid peak periods. Learn more about the Convergent and Shell New Energies joint venture here


Biofuels - FORGE

In February 2020, FORGE Hydrocarbons Corp, a Canadian biofuel start-up, announced an equity investment from Shell Ventures, which will help FORGE build a first-of-its-kind $30 million commercial-scale, biofuel production plant in Sombra, Ontario. The capacity of the Sombra production plant is 7.5 million gallons of renewable fuels annually. FORGE’s technology creates renewable jet fuel, diesel and naphtha from waste fats and oils. They are cheaper to produce than conventional renewable diesel and are ‘drop-in’ ready, which means they require no specialized blending infrastructure.

EV charging - Greenlots

Shell’s acquisition of Greenlots, a leader in electric vehicle (EV) charging and energy management solutions, has a presence in Canada with roughly 55 charging stations through partnerships in British Columbia with BC Hydro and Veridian Energy, and in Ontario with Simcoe County.

In February 2020, Greenlots announced its involvement in the Ivy Charging Network, a new fast charging EV network recently launched by Hydro One and Ontario Power Generation (OPG) with financial support from Natural Resources Canada.


Shell and Canadian company HTEC launched Canada's first retail hydrogen vehicle refuelling station in 2018, followed-up in 2019 with a second site in Vancouver. It’s early days for hydrogen in Canada, but we believe hydrogen fuel cell electric vehicles have the potential to be an important part of a future low-carbon transport system.

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