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Olufola  Wusu's picture
Partner Head of Oil and Gas/Intellectual Property Practice, Megathos Law Practice

Olufola Wusu is a policy consultant, entrepreneur and attorney, who was part of the team that helped review the National Gas Policy 2016 for the Federal Ministry of Petroleum Resources in...

  • Member since 2020
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  • Dec 10, 2020

Financial Times has reported that Royal Dutch Shell (“Shell”) has decided to sell electricity directly to industrial customers a remarkable departure from its core business, producing oil and gas and selling refined products. Shell plans to supply electricity using a business that will start trading in the United Kingdom in 2018, supplying power to 600 Shell sites & industrial customers. Shell also plans to supply electricity in the United States of America.

Shell by selling electricity may eventually disrupt the electric power generation industry and possibly the focal point in the electric car value chain!

Matt Chester's picture
Matt Chester on Dec 10, 2020

Do you see this as the beginning of a complete change over by the oil giant, a diversifying move to have their hands in the oil and renewable pots, or just a small-scale effort into cleaner energy for the PR purposes? 

Edouard Lotz's picture
Edouard Lotz on Dec 10, 2020

Despite claiming to become an electricity utility giant, I feel like Shell has a lot of challenges to overcome and the first one is probably related to its internal teams, as in the past few days, many Shell executives working in clean energy departments left the company. They did so because they felt that the company is not pushing enough to divest from oil&gas. Let's remember that in February 2021 the company is supposed to release a document detailing its strategy to become carbon neutral in the following decades and how it aims at developing its electricity/renewable business. 

Olufola  Wusu's picture
Thank Olufola for the Post!
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