This post is a part of DIL Intelligence series from Energy Alternatives India (EAI), India’s leading climate-tech consulting firm.
DIL stands for Decarbonization for India’s Leaders and provides comprehensive market intelligence and updates to Indian corporate leaders on prominent decarbonization efforts across the Indian industrial ecosystem. DIL is provided by EAI’s strategy consulting team. More about our consulting from here.
Shell, a British-Dutch multinational oil and gas company, has been actively investing in various decarbonization avenues in India. Shell CEO Wael Sawan shared the company’s agenda to allocate a substantial sum, ranging between $10-15 billion, towards low-carbon solutions.
Shell India has partnered with Ohmium International, India’s only manufacturer of electrolyzers, for green hydrogen projects. Shell is exploring opportunities in the low-carbon energy space, especially biofuels and biogas. Shell’s new and improved fuels with ‘Deposit Targeting Technology’ not only help improve engine condition but also help to maximize energy from the fuel. It was one of the first companies to invest in developing advanced biofuels, using crop waste or inedible plants and new conversion processes.
Shell has acquired Sprng Energy, a leading renewable power platform in India, for $1.55 billion. Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its portfolio consists of 2.9 gigawatts-peak (GWp) of assets (2.1 GWp operating and 0.8 GWp contracted) with a further 7.5 GWp of renewable energy projects in the pipeline.
Shell’s acquisition of Sprng Energy also includes significant investments in solar energy. Shell also plans to set up a renewable energy production facility in Banaskantha district of north Gujarat.
Way forward for Shell:
The Indian government’s implicit carbon tax on transportation fuels of $140 to $240/ton CO2e is aiding the electrification of mobility, creating a favorable environment for Shell to invest in electric vehicle infrastructure and other decarbonization technologies.
Shell’s expertise in smart grid technologies, energy-efficient solutions, and Industry 4.0 can be leveraged to meet the growing demand for clean and efficient energy solutions in urban areas. Material circularity is another cross-cutting decarbonization opportunity that Shell can explore.
This post is a part of DIL Intelligence series from Energy Alternatives India (EAI), India’s leading climate-tech consulting firm.
DIL stands for Decarbonization for India’s Leaders and provides comprehensive market intelligence and updates to Indian corporate leaders on prominent decarbonization efforts across the Indian industrial ecosystem. DIL is provided by EAI’s strategy consulting team. More about our consulting from here.
