At Shell, we are playing our part in the transition towards a low-carbon future. We aim to cut the net carbon footprint of our energy products – measured in grams of CO2 per megajoule of energy consumed – by around half by 2050. By 2035 we aim to reduce it by around 20%.
This will be achieved through a range of means including providing lower-carbon fuels, supplying natural gas for power and operating more efficiently.
Our New Energies business, set up in 2016 and focusing on new fuels and power, supports this ambition.
For example, in Germany, we are working with the government and five companies to install a network of around 400 hydrogen fuelling stations (230 Shell-branded) across the country by 2023. The only exhaust emission from hydrogen-fuelled electric vehicles is water.
We are also exploring the electric car market. In 2017, Shell began offering electric vehicle fast-charging at some forecourts in the UK and the Netherlands. Other countries are expected to follow.
Read more about the core focus areas of our global New Energies business
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.
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. [Insert link to the news release on THIS website https://www.convergentep.com/news/]
In June 2017 we announced an agreement granting Shell exclusive development and licensing rights for SBI Bioenergy’s biofuels technology. Edmonton-based SBI has a patented process that can convert a wide range of waste oils, greases and sustainable vegetable oils into lower carbon drop-ins for diesel, jet fuel and gasoline. Under the agreement, Shell and SBI will work together to demonstrate the potential of the technology and, if successful, scale up for commercial application. Learn more about the agreement and the work SBI does here.