Shell Ventures intends to invest the capital over the next six years to support energy technology startups and scale-ups.
UK-listed energy group Shell has set up a dedicated $1.4bn corporate venturing fund to invest in “innovative companies” working towards accelerating the energy transition.
Geert van de Wouw, managing director of Shell Ventures, said the fund would be deployed over the next six years to support startups and scale-ups.
“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 utilisation, mobility, transportation and logistics, circular economy and nature-based…
