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Integrated power

Powering progress

We aim to increase our power sales to 560 terawatts a year by 2030.

For consumers and business customers to decarbonise their activities, lower-carbon electricity will be part of their energy mix. We believe Shell can become a leading provider of clean power.

In 2021, we sold 251 TWh of power and cash capital expenditure in Renewables and Energy Solutions amounted to $2.4 billion. In 2022, we aim to invest $3 billion in our Renewables and Energy Solutions business.  

By 2030, we aim to supply electricity to more than 15 million retail and business customers worldwide and increase our power sales to 560 terawatt hours a year. 

We are providing more renewable and low-carbon energy options for customers through investments in wind, solar, electric vehicle charging, hydrogen, and more.

In 2021, we signed a number of deals to supply businesses with renewable electricity, including with Amazon and T-Mobile US. Shell is also supplying Microsoft with renewable energy as part of our strategic alliance launched in 2020 to accelerate innovation in support of decarbonisation.

Find out more about our power business in the Annual Report.

Read more about lower-carbon and renewable power at www.shell.com/res.

Offering customers lower-carbon and renewable energy solutions

a selection of investments, acquisitions and ventures

2021 2020 2019 2018 2017 ■ Innowatts*, USA [A] Nature-based Solutions* Minority investments Wind SOLAR SOLAR SOLAR SOLAR Trading Hydrogen ENERGYSOLUTIONS ENERGYSOLUTIONS ENERGYSOLUTIONS ENERGYSOLUTIONS NBS [A] NBS [A] ENERGYACCESS ENERGYACCESS ENERGYACCESS Mobility Mobility Mobility Mobility Mobility Wind Wind Wind Trading Trading Hydrogen Hydrogen Hydrogen Hydrogen ■ ESCO Pacific*, Australia■ Cleantech Solar*, Asia■ Opened Moerdijk solar farm, NL ■ Silicon Ranch*, USA ■ Atlantic Shores Offshore Wind*, USA■ Mayflower Wind Energy*, USA■ TetraSpar*, Norway ■ ESCO Pacific*, Australia■ Cleantech Solar*, Asia■ Opened Moerdijk solar farm, NL ■ Shell Energy Inside, USA■ Shell Energy Retail, UK (acquired as First Utility) ■ Palmetto*, USA■ GreenCom*, Germany ■ Acquired sonnen, Germany■ Acquired Hudson Energy, UK (rebranded to Shell Energy Retail in 2020)■ LO3 Energy*, USA■ Corvus Energy*, Norway ■ Select Carbon, Australia■ Climate Bridge*, China ■ Nature-based solutions projects under way in Australia, Malaysia, Netherlands, Spain and UK ■ Partnered with Simply Blue Group to develop Emerald and Western Star floating wind projects, Ireland■ Shell and CoensHexicon formed the MunmuBaram JV for a 1.3 GW floating wind project, South Korea ■ Unveiled Qabas solar plant, Oman■ Signed deals to build two solar photo-voltaic projects (pre-FID), UK■ Acquired Savion, USA■ Acquired solar-konzept Italia, Italy ■ Final investment decision to build Gangarri solar farm, Australia ■ Acquired Next Kraftwerke, Germany■ Acquired Inspire Energy Capital, USA■ Announced Powershop acquisition, Australia (completed 2022) ■ Signed Letter of intent to build a 100 MW hydrogen electrolyser, Germany■ Signed MoU with BlueScope to build a 10 MW electrolyser, Australia■ Opened heavy-duty hydrogen stations, USA ■ Orb Energy*, India■ PowerGen*, Kenya■ d.light*, Kenya ■ Husk Power*, India ■ SunFunder*, Kenya ■ SolarNow*, Uganda■ SteamaCo*, Kenya■ Sunseap*, Singapore ■ Masabi*, UK■ InstaFreight*, Germany■ Spiffy*, USA  ■ Acquired Greenlots, USA (now Shell Recharge Solutions)■ Ravin.ai*, UK■ Revel*, USA ■ Aurora*, USA■ Nordsol*, NL ■ Ample*, USA ■ Acquired NewMotion, NL (now Shell Recharge Solutions)■ Connected Freight*, Philippines ■ Acquired ubitricity, UK■ Launched EV mobility hub in Paris, France ■ Shell and Eneco awarded tender to build 759 MW Hollandse Kust (noord) offshore wind farm, NL ■ Acquired EOLFI, France ■ Joint Development Agreement with CoensHexicon, South Korea ■ Acquired ERM Power, Australia (rebranded to Shell Energy in 2020)■ Acquired Limejump, UK ■ Acquired MP2 Energy, USA ■ Announced plans to build 20 MW hydrogen electrolyser and refuelling stations, China■ ZeroAvia*, USA■ Opened hydrogen bus station, NL ■ Announced plans to build Rheinland hydrogen electrolyser, Germany■ Opened hydrogen stations, Germany and Luxembourg ■ Opened light-duty hydrogen stations in California, USA, and Canada■ HyET Hydrogen*, NL ■ Opened light-duty hydrogen station, UK 20172018201920202021■ Unveiled Qabas solar plant, Oman■ Signed deals to build two solar photo-voltaic projects (pre-FID), UK■ Acquired Savion, USA■ Acquired solar-konzept Italia, Italy■ Signed Letter of intent to build a 100 MW hydrogen electrolyser, Germany■ Signed MoU with BlueScope to build a 10 MW electrolyser, Australia■ Opened heavy-duty hydrogen stations, USA■ Acquired ubitricity, UK■ Launched EV mobility hub in Paris, France■ Partnered with Simply Blue Group to develop Emerald and Western Star floating wind projects, Ireland■ Shell and CoensHexicon formed the MunmuBaram JV for a 1.3 GW floating wind project, South Korea■ Acquired Next Kraftwerke, Germany■ Acquired Inspire Energy Capital, USA■ Announced Powershop acquisition, Australia (completed 2022)■ Shell and Eneco awarded tender to build 759 MW Hollandse Kust (noord) offshore wind farm, NL ■ Final investment decision to build Gangarri solar farm, Australia■ Masabi*, UK■ InstaFreight*, Germany■ Spiffy*, USA ■ Acquired ERM Power, Australia (rebranded to Shell Energy in 2020)■ Acquired Limejump, UK■ Nature-based solutions projects under way in Australia, Malaysia, Netherlands, Spain and UK ■ Orb Energy*, India■ PowerGen*, Kenya■ d.light*, Kenya■ Palmetto*, USA■ GreenCom*, Germany ■ Select Carbon, Australia■ Climate Bridge*, China■ Announced plans to build 20 MW hydrogen electrolyser and refuelling stations, China■ ZeroAvia*, USA■ Opened hydrogen bus station, NL■ Acquired sonnen, Germany■ Acquired Hudson Energy, UK (rebranded to Shell Energy Retail in 2020)■ LO3 Energy*, USA■ Corvus Energy*, Norway■ Acquired Greenlots, USA (now Shell Recharge Solutions)■ Ravin.ai*, UK■ Revel*, USA ■ Aurora*, USA■ Nordsol*, NL■ Acquired EOLFI, France ■ Joint Development Agreement with CoensHexicon, South Korea■ Shell Energy Inside, USA■ Shell Energy Retail, UK (acquired as First Utility)■ Silicon Ranch*, USA■ Atlantic Shores Offshore Wind*, USA■ Mayflower Wind Energy*, USA■ TetraSpar*, Norway■ ESCO Pacific*, Australia■ Cleantech Solar*, Asia■ Opened Moerdijk solar farm, NL■ Announced plans to build Rheinland hydrogen electrolyser, Germany■ Opened hydrogen stations, Germany and Luxembourg■ Ample*, USA■ Opened light-duty hydrogen stations in California, USA, and Canada■ HyET Hydrogen*, NL■ Husk Power*, India ■ SunFunder*, Kenya■ Acquired MP2 Energy, USA■ Opened light-duty hydrogen station, UK ■ SolarNow*, Uganda■ SteamaCo*, Kenya■ Sunseap*, Singapore ■ Acquired NewMotion, NL (now Shell Recharge Solutions)■ Connected Freight*, Philippines■ Innowatts*, USA[A] Nature-based Solutions* Minority investmentsWINDWINDSOLARSOLARTRADINGHYDROGENMOBILITYMOBILITYENERGYACCESSENERGYSOLUTIONSNBS [A]HYDROGENENERGYSOLUTIONSMOBILITYWINDENERGYSOLUTIONSWINDNBS [A]TRADINGENERGYACCESSSOLARHYDROGENHYDROGENSOLARHYDROGENMOBILITYMOBILITYENERGYSOLUTIONSENERGYACCESSTRADING

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