Shell will invest in hydrogen and CCS
Shell to invest up to £25bn in UK energy system
Firm will lay out more details about strategy in coming months as it looks to deploy recent profits to aid the transition
Shell has unveiled plans to invest £20-25bn ($26-33bn) in the UK energy system over the next ten years. More than 75pc of this is intended for low- and zero-carbon products and services, including offshore wind, hydrogen, carbon capture and storage (CCS), and electric mobility. The company will lay out more details about its strategy in the coming months. “These investments, subject to board approval, aim to propel the UK closer to net zero and help to ensure security of supply while stimulating economic growth and jobs,” says Shell’s UK country chair, David Bunch. Shell’s global profits for 2021 rose to $19.3bn from $4.85bn the year before, partly due to strong earnings from its LNG divisio
Also in this section
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
