Shell's new energies unit invests in innovation for the energy transition

 
Courtney Goldsmith
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Shell has said it aims to be at the forefront of the clean energy transition (Source: Getty)

Royal Dutch Shell is working to deliver more clean energy solutions including "smart charging" for the energy transition, the company's head of new energies said today.

The oil major is investing in new fuels for transport as well as smart charging, which it says will help the electricity grid cope with the demands of battery electric vehicles.

Shell is also working to produce more energy from wind and solar and to develop models to help customers manage their energy use better.

Read more: Is it really possible to ditch your energy bills and live off-grid?

Shell plans to invest up to $1bn (£744m) a year through its new energies business by the end of the decade as it transitions to the energy market of the future.

Speaking at EnergyFest in Amsterdam, Mark Gainsborough, executive vice president of new energies at Shell, said: "The exciting challenge for new energies is turning these possibilities into commercial successes."

Over the weekend, Shell was reported to be planning the UK's first "no-petrol" station in London. Instead of petrol and diesel pumps, the forecourt would be fitted with biofuels, electric vehicle charging points and hydrogen cell refuelling points.

And in July, Shell was among several companies said to be bidding for Asian renewable energy giant Equis Energy, which has a portfolio of 97 solar, wind and hydro generation projects across Japan, India, the Philippines and Australia.

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