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19 Jun
13:14

Shell to invest $1 billion/year in hydrogen, CCS

Oil giant Shell plans to invest up to $1 billion annually in hydrogen and carbon capture and storage (CCS) in 2024 and 2025. The company says it will primarily target north-west Europe and North America, where it is already present and is aided by policy support and customer demand, Kallanish learns. Between 2023 and 2025, it’s targeting investment of $10-15 billion in low-carbon energy technologies, such as hydrogen, CCS, biofuels and electric vehicle charg…
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