Shell will invest in hydrogen and CCS
Shell to invest up to £25bn in UK energy system
Firm will lay out more details about strategy in coming months as it looks to deploy recent profits to aid the transition
Shell has unveiled plans to invest £20-25bn ($26-33bn) in the UK energy system over the next ten years. More than 75pc of this is intended for low- and zero-carbon products and services, including offshore wind, hydrogen, carbon capture and storage (CCS), and electric mobility. The company will lay out more details about its strategy in the coming months. “These investments, subject to board approval, aim to propel the UK closer to net zero and help to ensure security of supply while stimulating economic growth and jobs,” says Shell’s UK country chair, David Bunch. Shell’s global profits for 2021 rose to $19.3bn from $4.85bn the year before, partly due to strong earnings from its LNG divisio
Also in this section
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
