Shell Details Strategy to Net Zero in New Report
Shell has published its first Energy Transition Progress Report to help investors and wider society gain a better understanding of their energy transition strategy. Shell is the world’s largest mobility retailer, with more than 46,000 service stations operating in more than 80 markets. As detailed in the study, their strategy to decarbonise their portfolio is to offer more low-carbon alternatives such as biofuels, hydrogen and charging for electric vehicles.
In 2021, Shell operated almost 90,000 electric vehicle charge points, up from around 60,000 in the previous year. They aim to increase that to more than 500,000 by 2025, and to 2.5 million by 2030. The global energy company is also expanding their network of hydrogen refuelling stations. By the end of 2021, there were around 50 hydrogen refuelling stations at Shell-branded outlets in Europe and North America where drivers can fill up their vehicles with hydrogen.