Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ARCHIVE
    • Printed Issues Offshore Magazine
    • Downloads
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Online OER Magazine
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Shell levels up venturing game

Tuesday, November 9 2021

General – Shell

Yesterday Shell CEO Ben van Beurden announced that Shell will be increasing its support to the start-up ecosystem and has set up a dedicated $1.4 billion fund for ShellVentures to invest over the coming six years.

This dedicated investment in venturing is testament to our commitment to do more and I can’t wait to further increase our support to visionary entrepreneurs and companies that are working tirelessly to accelerate the energy transition.

The fund will support start-ups and scale-ups across the full spectrum, from seed to Series A to growth equity, that are working to accelerate the energy transition. In line with Shell’s efforts to accelerate progress against our net-zero target, our investments will be laser-focused on renewable energy, storage and utilization, mobility, transportation and logistics, circular economy, and nature-based solutions.

As a company, Shell has invested and supported the start-up ecosystem for decades. This unique approach to venturing, with a focus on technology deployment, has enabled many of Shell’s portfolio companies to develop strategic relationships with Shell businesses. A win-win, as Shell gets accelerated access to innovative technologies and business models, while Shell’s portfolio companies are able to achieve scale.

Related posts:

  1. Shell chief Ben van Beurden vows to accelerate cuts to carbon emissions after Dutch court rulling
  2. Shell’s Marjan van Loon also reacts on historic court ruling
  3. Shell pays $111m over 1970s oil spill in Nigeria
  4. UK watchdog rejects approval Jackdaw gasfield development

Filed Under: Finance, funding, International News, Shell, Start-up Tagged With: Ben van Beurden, Shell, ShellVentures


Read Magazine Online


Event List

  • Reuters Events: Global Energy Transition 2022
    • 14/06/2022 - 15/06/2022
  • WindEnergy Hamburg 2022
    • 27/09/2022 - 30/09/2022
  • Offshore Energy Exhibition & Conference 2022
    • 29/11/2022 - 30/11/2022
    • Amsterdam
  • all events

Follow us on Twitter

Tweets door @OERnews

Copyright © Practica Productions - All rights reserved - 2022 cookies