On Friday, the oil giant announced that it has bought the Sonnen, a German startup that produces home batteries that store energy from solar panels.
The oil company plans to spend as much as $ 2 billion a year on sustainable energy commercial opportunities It invested for the first time in the Sonnen in May when it participated in a € 60 million cash round (USD 67 million).
Sonnen said the Shell purchase would help upgrade rapidly. 1
Sonnen claims that its lithium batteries have a minimum lifespan of 10,000 charge cycles and can last for 20 years.
Home energy systems are becoming increasingly popular, especially in areas suffering from disruptions to their electricity infrastructure.
Sonnen has sold about 30,000 battery systems since it was founded in 2010. Most of them were sold in Germany, but they are also available in the US and other markets.
As other oil companies, Shell faces increased pressure from activists, shareholders and customers over its contribution to climate change. The United Nations warned last year that the world only has 12 years to avert a climate catastrophe.
The groups have accused Shell of "deliberately obstructing" efforts to keep global warming well below 2 degrees Celsius, the central goal of the Paris Agreement.
Shell has said it "strongly supports" the climate agreement. But climate activists claim that its fossil fuel activities are incompatible with the document signed by almost all world governments in 2015.
The lawsuits threatened by the groups would seek to find that, according to Dutch law, Shell is responsible for its contribution to climate change and related environmental damage.