The world’s sixth-largest oil company is working hard on preparing a future without fossil fuels — actively building up a portfolio of wind and PV projects, as well as developing a range of emerging technologies, a senior executive tells Recharge.
“Our New
Energies group covers a number of activities — solar, onshore and offshore
wind, energy integration, strategy innovation and, last but not least, fuels,”
says Matthew Tipper, vice-president of new fuels within Shell’s New Energies
unit.
“My role is to
develop new fuels for the group, so a particular focus on transportation —
literally everything from planes to trains to automobiles. And the fuels that
we’re developing most actively are hydrogen, battery-electric vehicle charging,
biofuels — both conventional and advanced biofuels — and synthetic fuels made
from methane and potentially other materials.
“New Energies
is established to ensure that as and when petrol and diesel are phased out, if
that ever happens, that we do have alternative sources of energy and energy
carriers that we can deploy. The world’s still going to need energy, we don’t
accept the premise that we’ll be out of business should fossil fuels be phased
out.”
Tipper explains
that the New Energies unit is taking an experimental, hands-on approach to new
sources of energy.
“We’ve given
ourselves until the next two or three years to experiment with a number of
technologies, [to] learn by doing. So this isn’t desktop work, this requires
investment in different activities, businesses and projects and essentially to
bring ourselves to a deeper understanding, to a practical understanding, so
that we continue to invest further in 2020 and beyond.”
He says that
Shell is taking a three-pronged approach to future energy.
“Essentially,
you have a choice: you have liquids, gases and electrons. In the liquids, if
it’s not oil, we have biofuels made from biomaterials, plant waste and such
like. In gases, there’s really a choice between methane — fossil methane or
biomethane — or hydrogen; and then clearly in the electrons, we have renewable
power, so wind and solar through to batteries and into vehicles. So we’re
experimenting in all of those.
“I’m trying to
think of a future fuel that anyone’s taking remotely seriously that we’re not
involved in, and I’m struggling.”
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