Shell plans to transform from big oil to big electricity
Shell has set out its plans to transform its business from one of the biggest of big Big Oil to a major player in Big Electricity.
In this article in @FT Marteen Wetselaar describes his vision of how the energy landscape is changing; centralised, fossil fuel burning, grid based generation is on the way out and localised, clean generation with battery storage is the future.
As EVs increasingly replace ICE vehicles, electricity demand will surge whilst petrol and diesel sales decline inexorably. This will be bad for Shell’s business which is why they are investing heavily in car charging companies, battery manufacturing and clean energy generation.
You can read the FT article here...
You can find out how Mypower can help your company prepare for the rapidly changing energy landscape here.