Podcast / Audio
53. Oil Majors: the journey from molecules to electrons - Redefining Energy podcast
- Jul 5, 2021 9:13 am GMT
Harnessing the Energy Transition for an Oil Major is not that simple. Decades-old simple centralised molecules energy systems are making way to decentralised electrons models. Some Oil Majors have simply decided to ignore the Energy transition, others - like Shell - are trying to adapt their business to it.
A trading company by DNA, Shell has decided to mostly focus its strengths on the mid-stream and downstream segments. New businesses are being launched or acquired, centred around digital, trading, Virtual Power Plants (VPP) and EV charging.
It is still early days to conclude if Shell will be able to ride the Energy Transition, but some green shoots, under the leadership of our guest, Ulrika Wising, Global VP Customer Solutions at Shell Renewables & Energy Solutions, are certainly promising.
Will Oil Majors turn into Energy Majors? For once Gerard and Laurent disagree on pretty much everything!
Thank you to our partner Aquila Capital
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Excerpts of a very documented Investor Presentation. Energy Transition to 2050 means - electrification x2.5 - wind x16 - solar x30 - batteries x30 Lots of copper, nickel, lithium...
Urgent action is necessary to accelerate the pace of the global energy transition and the decarbonisation of the global economy. Green hydrogen-based fuels set to be the backbone for the sector’s decarbonisation.
Summary: I’ve seen evidence that the projects covered in similar earlier posts are making progress. I’ve also found an excellent DOE Source on Offshore Wind, linked below, and this will provide much of the content in this post.
For the past decade, Natural Gas has been promoted as the “Clean, Reliable and Cheap” fuel to assist the Energy Transition. Well that cosy theory, heavily promoted by the fossil fuel companies, is collapsing in front of our eyes with the Energy..
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