Navigating the Energy Transition for an Oil Major is not that simple. Decades-old simple centralised molecules energy systems are making way to decentralised electrons models. Some Oil Majors have simply decided to ignore the Energy transition, others - like Shell - are trying to adapt their business to it.
A trading company by DNA, Shell has decided to mostly focus its strengths on the mid-stream and downstream segments. New businesses are being launched or acquired, centred around digital, trading, Virtual Power Plants (VPP) and EV charging.
It is still early days to conclude if Shell will be able to ride the Energy Transition, but some green shoots, under the leadership of our guest, Ulrika Wising, Global VP Customer Solutions at Shell Renewables & Energy Solutions, are certainly promising.
Will Oil Majors turn into Energy Majors? For once Gerard and Laurent disagree on pretty much everything!
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