BAKU, Azerbaijan, April 21. By 2030, Royal Dutch Shell aims to sell around 560 terawatt hours of electricity per year, which is more than twice the electricity it sells today, Trend reports with reference to the company.
Shell provides electricity and smart energy solutions to residential, commercial and industrial customers through direct electricity sales, and services such as electricity storage.
“We had 1.6 million retail customers worldwide by the end of February 2022, compared with 900,000 at the end of 2020. This increase is largely because we added more than 500,000 retail customers in the UK in 2021, and around 185,000 retail customers in Australia following our acquisition of PowerShop in 2022. Our largest markets for commercial and industrial customers are in Australia and the USA. In addition to the investments we have made in building our customer base, we are also investing in building our generation capacity,” said the company.
Shell has 4.7 GW of renewable generation capacity in operation, under construction and/or committed for sale. It has a further 38 GW of renewable generation capacity in the pipeline of future projects. The company has added to its renewable generation capabilities by acquiring Savion, a US-based solar and energy storage specialist; Solar-Konzept Italia, an Italian solar specialist; and WestWind, a wind specialist based in Australia.
To help to transform the energy system, Shell is working with customers, sector by sector.
“We have formed more than 50 collaborations with other leading companies aiming to be at the forefront of the energy transition. We aim to provide more electricity, while also shifting the power system to renewable energy; develop alternative zero- and low-carbon solutions to traditional fuels, including biofuels, hydrogen, and other zero- and lowcarbon gases; and address any remaining emissions with decarbonisation solutions such as carbon capture and storage and nature-based solutions,” the company said.
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