Shell to Invest $15B in Hydrogen and Green Energy by 2025

Shell’s Ambitious Green Energy Investment Strategy

Shell has announced plans to invest between $10 and $15 billion from 2023 to 2025 to develop low-carbon energy solutions. This investment highlights Shell’s strategy to transition to a sustainable energy future, with $5.6 billion allocated in 2023 alone, accounting for 23% of its total capital spending.

These sectors represent pivotal elements in both cutting emissions and providing alternative energy sources.

In e-mobility, Shell is scaling up its public electric vehicle (EV) charging network, strategically positioning charging points at Shell-owned sites to enhance convenience by combining it with other services.

Renewable power generation investments are directed towards constructing and managing facilities that generate power from sources such as wind and solar. This clean electricity will support other low-carbon pursuits, including the production of green hydrogen.

Shell’s hydrogen projects include the 100-megawatt renewable hydrogen electrolyzer REFHYNE II in Germany, aiming to produce up to 44,000 kilogrammes of renewable hydrogen per day by 2027.

The company is also venturing into low-carbon fuels, integrating renewable hydrogen and other green solutions into fuel production to reduce emissions across its product range.Carbon capture and storage (CCS) efforts include the Polaris carbon capture project in Alberta, Canada, designed to capture about 650,000 tonnes of CO2 annually, with permanent storage provided by the Atlas Carbon Storage Hub.

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