Shell plans $1.4 bn fund to support innovative cos in energy transition

Shell LNG

Shell said it will be setting up a dedicated $1.4 billion fund to increase support to innovative companies working to accelerate energy transition.

The dedicated fund will support start-ups and scale-ups, from seed to Series A to growth equity, and will focus on focused on renewable energy, storage and utilization, mobility, transportation and logistics, circular economy, and nature-based solutions, Shell said.