Shell has signed an agreement to purchase 100% of Savion LLC (Savion), a large utility-scale and energy storage developer.
Savion, based in Kansas City, Missouri, specializes in developing solar power and energy storage projects. It currently has more than 18 gigawatts of solar power and battery storage under development, including for utilities and major commercial and industrial organizations.
The Savion purchase bolsters Shell’s strategy to become a net-zero emissions energy business by 2050. Shell aims to sell more than 560 terawatt hours of power globally per year by 2030; that’s twice as much electricity as the company sells today.
