Shell is a global group of energy and petrochemical companies with an average of 86,000 employees in more than 70 countries.
As part of its approach to thriving in the energy transition to a lower-carbon energy system, Shell’s ambition is to reduce the Net Carbon Footprint of its energy products by around half by 2050 in step with society’s progress towards achieving the goals of the Paris climate agreement. Our portfolio is evolving from that of an oil and gas company to one of an all-round energy company.
Our New Energies business – set up in 2016 – is part of this transformation. New Energies is investing up to $2 billion dollars a year until 2020 in services and products from a range of cleaner sources, with a focus on new fuels for transport and power. Our activities in power include increasing our involvement in renewable power generation through investments in wind and solar.
We are also exploring commercial ways to provide access to energy to underserved consumers. We have an ambition to provide a reliable electricity supply to 100 million people in the developing world by 2030. Since 2017, we have invested in companies that provide energy solutions for residential, commercial and industrial activities. These include Husk Power Systems, SolarNow, SteamaCo and SunFunder.