Shell’s ambition to deliver more and cleaner energy solutions is driven by the changing needs of society and commercial opportunities within the energy transition. Shell’s New Energies business builds on our experience in lower-carbon technology and explores new commercial models focused on the world's energy transition and on new fuels and power. Our strategy includes scaling up New Energies to become a much larger part of our business. We expect our global investment in New Energies to be on average $1-2 billion per year until 2020.

The Netherlands has been the cradle of Shell’s New Energies activities from where it has coordinated its global business over the past two years. This business will continue to be based in The Netherlands, a country that thanks to its strategic location, knowledge and economy, has the potential to be a leader in the energy transition.

“Shell New Energies is growing fast,” said Maarten Wetselaar, Integrated Gas & New Energies Director. “We expect growth of high-quality jobs as the business expands. In the Netherlands alone, New Energies has already added some 150 jobs over the last two years, organically and through acquisitions. We expect Netherlands-based jobs to grow to 500 to 700 in the New Energies Business in the next five years, with more growth to come after that, depending on business opportunities in the Netherlands and globally.”

Shell ups investment in the Netherlands creating hub for innovation

Shell also intends to invest more than $200 million in its headquarters in The Hague. Marjan van Loon, President Director Shell Nederland said this development is about investing in Shell’s future in the Netherlands, creating a modern campus over the next five years, including housing of the growing New Energies business. Shell’s ambition is to play an active role in the Dutch energy transition. The company is eager to reduce the net carbon footprint of its energy products, to increase its interest in low-carbon business while also seeking energy efficiency improvements of its processes.

Marjan van Loon said Shell will focus on a wide range of potential future innovative investments in the Netherlands in New Energies: “From increasing our offshore wind business in the North Sea where we have a founding stake in Borssele III/IV, to investments in hydrogen solutions, our solar park in Moerdijk, to developing a wide range of e-mobility solutions such as with electric vehicle charging stations building on our acquisition of NewMotion in the Netherlands and our fast-charging network Shell Recharge.”

Shell Technology Centre Amsterdam (STCA), which has a Research & Development (R&D) budget averaging around $1 million a day, will continue to serve as one of Shell’s three global hubs for innovation. The other two hubs are located in Houston, Texas, and Bangalore, India. Housing more than 1000 highly qualified scientists and engineers, STCA is where Shell developed many of its world-leading consumer products. These include the lower-carbon fuels and lubricants derived from natural gas. STCA’s core expertise also includes technologies underlying low-carbon energy sources systems based on biofuels and hydrogen. Much of this work is being enabled by digitalisation: the use of digital data to monitor and optimise industrial processes. STCA recently opened a new wing to accommodate new laboratory equipment and for hosting several hundred additional Shell technical experts in the coming three years.

With a long history of creating and commercialising technology, Shell continues to invest in its R&D capability in The Netherlands.

 

Shell Media Relations

Tel: +31 70 377 8750
Email: media-nl@shell.com

 

Notes to editors

For more information on Shell New Energies and a list of investments to date see: https://www.shell.com/energy-and-innovation/new-energies.html

For more information on STCA see: https://www.shell.nl/over-ons/amsterdam/contact-stca/factsheet-stca-en.html

 

Disclaimer

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations” respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. There can be no assurance that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this announcement. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, September 10, 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

We may have used certain terms, such as resources, in this announcement that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov

This announcement contains inside information for Royal Dutch Shell plc.

LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

Classification: Additional regulated information required to be disclosed under the laws of a Member State; Inside information

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