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Shell Vies With Adani, Greenko for Actis’s Sprng Energy – EQ Mag Pro
Shell Plc is among the final bidders competing to acquire Indian renewable power producer Sprng Energy, people with knowledge of the matter said. Indian conglomerate Adani Group and renewable energy firm Greenko also submitted binding offers by this week’s deadline, the people said. Singapore’s Sembcorp Industries Ltd. and some financial investors have also expressed interest […]
Shell joint venture Atlantic Shores wins acreage in New York Bight, expanding offshore wind market share – EQ Mag Pro
Atlantic Shores Offshore Wind Bight, LLC, the bidding entity representing Atlantic Shores Offshore Wind (Atlantic Shores), a 50-50 joint venture between Shell New Energies US LLC (Shell) and EDF-RE Offshore Development, LLC (EDF), is the provisional winner of block OCS-0541 in the New York Bight offshore wind auction. This area, subject to a future investment […]
Energy Giant Shell, Venture Capitalists Ankur Capital and APVC invest in Offgrid Energy Labs’ pathbreaking energy storage ‘ZincGel’ technology – EQ Mag Pro
Offgrid Energy Labs announces unveiling of innovative ZincGel® Technology for Sustainable & Efficient batteries, providing energy storage solutions for Stationary & Mobile applications. Shell Ventures, Ankur Capital, APVC Singapore invest in Offgrid Energy Labs to deliver first-of-its-kind ZincGel Technology for batteries Offgrid Energy Labs is supported by: Indian Institute of Technology – Kanpur, Department of […]
Shell Shakes Up Renewables Unit After Departure of Top Executive – EQ Mag Pro
Shell Plc is reshuffling its renewables unit after the department’s head said she will step down. Elisabeth Brinton will leave her position as executive vice president for renewables and energy solutions. Her role won’t be directly replaced, with Thomas Brostrom, being appointed EVP of renewable generation and Steve Hill to be put in charge of […]
Shell says electricity to meet 60% of China’s energy use by 2060 – EQ Mag Pro
China may triple electricity generation to supply 60% of the country’s total energy under Beijing’s carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell (RDSa.L) said on Monday. Shell is one of the largest global investors in China’s energy sector, with business covering gas production, petrochemicals and a retail fuel network. A […]
Shell has opened its first EV charging hub in the UK – EQ Mag Pro
Shell converts filling station into its first UK EV charging hub. Shell has opened its first EV charging hub in the UK in Fulham, London, where petrol and diesel pumps at an existing fuel station have been replaced with ultra-rapid charge points. A global pilot, this is the first time the company has converted one […]
Shell to Power Large-Scale Dutch Hydrogen Plant with Offshore Wind – EQ Mag Pro
Energy giant Shell has signed a supply contract with thyssenkrupp Uhde Chlorine Engineers for the Hydrogen Holland I large-scale project in the port of Rotterdam, the Netherlands. Under the contract, thyssenkrupp Uhde Chlorine Engineers will engineer, procure and fabricate a 200 MW electrolysis plant based on their large-scale 20 MW alkaline water electrolysis module. The […]
Nithio FI secures catalytic investment from Shell Foundation to scale clean energy financing in Africa – EQ Mag Pro
Nithio, the AI-enabled energy financing platform that directly finances clean energy companies in Africa, has announced an investment from the UK charity Shell Foundation into its financing vehicle, Nithio FI (Financial Intermediary). Nithio FI’s lending is powered by its unique Risk Analytics Engine, which leverages geospatial data, consumer repayment data, and AI and financial modelling […]
Shell-backed U.S. solar developer raises $775 million in equity – EQ Mag Pro
Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell (RDSa.L), on Thursday said it raised $775 million in equity capital from new and existing investors. The announcement comes as renewable energy, and in particular solar, is experiencing a dramatic expansion in the United States. Financial institutions are seeking to capitalize on […]