Royal Dutch Shell (Shell) began as an import-export business in 1833. In the 1880s, the company began the import-export of oil. In the Twentieth Century, Shell became a multinational oil and gas company. Today, Shell is a multi-national energy company, headquartered in The Hague, Netherlands.
Shell, like British Petroleum and ExxonMobil are expanding their position in the renewable energy sector. Shell has announced the acquisition of a major share in GI Energy. GI Energy designs, installs and services on-site energy and microgrid systems and is headquartered in Coventry, United Kingdom.
Over the past few years, Shell has invested billions of dollars in wind farms, biofuel project and electric car technology. Shell recently announced its “intent to move in step with society toward a lower-carbon future” in their recently published Energy Transition Report. In my opinion, Shell is positioning the company to be an integrated energy company, not just an oil company. Why? In my opinion, Shell sees the world moving from fossil fuels to renewable energy.