Doong Shiwen, General Manager, Shell Mobility Singapore said, “We can now bring Shell Recharge even closer to many of our customers, contributing to the country’s most significant step towards its EV charging infrastructure target. With nearly 80 per cent of Singaporeans living in HDB estates, having convenient and reliable EV charging where they live enables EV adoption at scale. As we expand our charging network, we will also continue exploring other innovative solutions, such as fast-charging hubs and lamp post charging.”

Shell will also deploy its proprietary smart charging solutions as part of the tender. Some HDB carparks only have sufficient power capacity to support existing infrastructure such as lights and lifts. However, these infrastructure do not always require electricity throughout the day. The smart charging system can monitor the amount of power that is available and safely distribute optimal power to the EV chargers. For example, when lifts and lights are not in use, the smart charging system can allocate more power to the EV chargers. Hence, smart charging will help avoid or delay costly and time-consuming grid upgrades and speed up the deployment of charging infrastructure at HDB carparks.

Beyond smart charging, Shell has other proven EV charging innovations in its global portfolio that may be relevant to the Singapore market. Examples of such innovations that Shell will continue to explore include:

  • Ubitricity, a member of the Shell Group, works with local authorities in United Kingdom (UK), Germany and France to turn lamp posts into EV charging posts, allowing for rapid expansion of charging infrastructure without grid upgrade. This technology could be applicable to HDB open-air carparks where there is overnight season parking; and
  • In Fulham, UK, Shell converted a fuel station into an all-EV charging hub. This hub features nine 150kW charging points, solar panels, a comfortable seating area, barista-made coffee and a more extensive shopping selection. 

Besides the ongoing pilot to integrate solar power with energy storage, smart charging and up to 180kW EV charging at three Shell stations in Singapore, Shell is also exploring a utility-scale solar farm at the Semakau landfill, and separately, the import of renewable electricity. Shell’s active participation across multiple energy transition initiatives demonstrates its resolve to support the government in meeting Singapore’s long-term climate commitments.

By the end of the year, Shell Recharge will be available at half of Shell’s service stations islandwide and at malls and offices. Customers in Singapore can expect to access more than 150 charging points in the Shell Recharge app. Shell is a pioneer in Singapore’s EV charging sector that introduced the country’s first EV charger in a service station in 2019.

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Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, Nov 2, 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Shell’s net carbon footprint

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Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. 

Forward Looking Non-GAAP measures

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