Shell has rebranded First Utility to Shell Energy and switched its customers to renewable power.
It plans to become the world’s biggest power company by 2030, with gas and renewables the mainstay of its generation portfolio.
From a UK energy services perspective, Shell is also pushing into smart homes and grids, battery storage and electric vehicles.
Shell launched an industrial and commercial UK power supply business in 2017. Four months later it announced plans to acquire domestic energy retailer First Utility. It simultaneously upped investments in clean technologies, buying up EV charging firms, battery storage companies and smart grid companies, as well as major offshore wind and solar projects….
An excerpt from The Energyst