Financial Times has reported that Royal Dutch Shell (“Shell”) has decided to sell electricity directly to industrial customers a remarkable departure from its core business, producing oil and gas and selling refined products. Shell plans to supply electricity using a business that will start trading in the United Kingdom in 2018, supplying power to 600 Shell sites & industrial customers. Shell also plans to supply electricity in the United States of America.
Shell by selling electricity may eventually disrupt the electric power generation industry and possibly the focal point in the electric car value chain!
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