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Shell Makes Strategic Investment in Microgrid Company
Renewable Energy World: Shell New Energies announced the acquisition of a majority share in microgrid company GI Energy. This comes on the heels of an investment by Shell in an ice energy storage company and several others.
In April, Shell published its Energy Transition Report detailing its “intent to move in step with society toward a lower-carbon future.”
While Shell's investments still represent just a small fraction of overall capital expenditures, it does however indicate major energy players are valuing clean energy technologies — or at least hedging their bets.
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