Energy Supply Solutions:
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Royal Dutch/Shell’s Shell Renewables was established to pursue commercial opportunities in solar, wind, and other renewable energy technologies. By 2007, the Group expects to invest $500 million to $1 billion, subject to ongoing economic review, in further developing these business areas. The key objective for the solar business is to grow in line with the market, which is currently growing at around 25 percent a year. In the wind business, Shell is focusing on developing and operating wind farms, and selling "green" electricity.
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Royal Dutch/Shell purchased an equity stake in Iogen Energy Corporation in 2002, a world-leading bioethanol technology company. The investment will enable the Canadian-based company to develop more rapidly the world's first commercial-scale biomass to ethanol plant. Iogen utilizes existing agricultural residues such as wheat, oat, and barley straw in its bioethanol process.
Energy Demand Solutions:
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Royal Dutch/Shell is utilizing an in-house developed energy-efficiency program to support its 5-year energy-efficiency targets. The program, operated through Shell Global Solutions and known as Energise, helps facilities identify, implement, and sustain energy efficiency projects.
To view the energy solutions of all BELC members, visit What's Being Done in the Business Community section of this site.