[20170627] The Business Times - Electric vehicles drive change in grid operators and oil firmshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/92362f1f-5acb-40dc-b8b2-7fcdd857c361/%5B20170627%5D+The+Business+Times+-+Electric+vehicles+drive+change+in+grid+operators+and+oil+firms.pdf?MOD=AJPERES&CVID=ally on hydrogen, biofuels, solar and ment production will continue to depend on hydrocarbons, he added. wind. The division has since expanded “You cannot make steel with electricity, or fly a plane or send a big con- to more than 200 staff, and hopes to invest about US$1 billion a year by tainer ship across the ocean on electricity. There isn't the energy density 2020; group CEO Ben van Beurden has said the business is expected to available.” 4 | TOPSTORIES The solar panels, but also take it into the distribution system and sell it to industrial and residential customers. “I think we will want to become value chain players. Whether we will invest equally in all parts of the value chain, I think it's too early to say,” he The third is its global presence. “The interesting bit about the new energies business is there are no global players in it; the people in this business tend to be local or sometimes regional, but certainly nobody global,” said Mr Wetselaar. for oil and gas to continue to receive investments as these will be “absolutely needed” to keep the world running for a long time. Furthermore, Shell is good and profitable in this business, he said. A lot of investments will also be Electric vehicles drive change in grid operators and oil firms CLEAN ENERGY the end of the decade is also just a starting point, he added. “We intend to make this a big business for Shell that over time can stand on its own feet, just like the oil business does, the downstream business does and the gas business does.” Business Times | Tuesday, June 27, 2017 Plausible energy mix in a net-zero emissions world By Andrea Soh ing for the day when there are so He cited as example: “Maybe work UK, last year launched a trial from Half the of perspective energy supply of balance...If will come gies through unit, is electricity, currently conducting research to explore the possibility of de- sandrea@sph.com.sg many electric vehicles the stability of someone with a life support system with Nissan allowing drivers to sell you lower (the threshold), it enables @AndreaSohBT up from current one fifth the grid could be affected. at home cannot afford not to have electricity stored in their electric car market operations. If you put it too veloping differentiated technologies Singapore “Today there are 600,000 cars in that power as opposed to you being batteries back to the grid during peak high, you are impeding 2015 market operations,” said Mr Wong. “Our motivation It has no ambitions in manufactur- in batteries. Net-zero emissions world Shell aims Singapore. to If all of them ride become electric vehicles, and they all start char- In such a situation, someone will UK think-tank Green Alliance es- is that the consumer must win ing batteries, but is 8% interested in learn- able to branding, charge the car.” hours. WANT to make a quick buck with your electric vehicle? In five to ten ging in Jurong, at some level Jurong have to segment power needs according to their criticality, and make a call closely-located vehicles charging sim- security.” charge batteries”, he said. “Because at timates that it could take as few as six without compromising reliability and ing “how can we Nuclear best and in a fast way years, you might just be able to do won’t be able to handle it. The rest of global that, by selling electricity from clout the the system will be in destabilised,” clean said on the allocation energy of power supply, he ultaneously race during periods of high For oil major 28% Shell, the future of the end of the day our business is delivering energy to customers and that 15% car battery to grid operator SP Group SP Group CEO Wong Kim Yin in an interview with The Business Times. This is why SP Group will need the Oil The delivery is our main business”. said. power demand for there to be possible shortages. Network operators keeping a close tab on. the transport Coal sector is one 31% 30% that it is Bioenergy Solar when power supply in Singapore runs It wants to be leader in the business and establish itself And among hydrocarbons, natural low. there said. are “It also depends reportedly a bit on planning the market to Anglo-Dutch group said earlier this The 9% group is also placing some of Emphasising that the group is not ability gas is by to far intervene the cleanest. in the “Natural market, gas install design technology because not that all allows countries cars have across That charging full value station chain you pull of into renewables, against the alternative to adoption of energies year that it is introducing battery charging points at some petrol stations in “I think it’s likely that the world will its bets on hydrogen-fuelled vehicles. electric such has an as important by notifying role to car play owners in meeting electricity an app demand that they while are not we decar- able be deregulated charged only power when markets. the network So you 11% Coal to do that may also very well be run vehicles, Mr Wong said SP Group will through can have cope, to when understand, electric geography vehicles be-bcome geography, more prevalent. what the opportunities France’s Total is studying Gas the viabdrogen Oilfor powering light Bioenergy 12% Britain and the Netherlands. 21% end up using 7% both batteries Wind and hy- By by Royal Andrea Dutch SohShell, a name more familiar today for its petrol stations. as become far as possible a significant allow growth the market priority to to bonise charge, the and energy to offer production to buy electricity grow at a it, much and a higher very important price instead, role or to are.” 10% and sandrea@sph.com.sg 9% run beyond as it 2020. is, unless The a unit certain is part threshold of a bigger breached. story of how the energy system to play control in delivering the charging the energy stations. that can- believes The it business will have of to manufacturing When such a time comes, SP Group ility of such a move, while Italy’s Eni vehicles...We’re Gasnot betting on a @AndreaSohBT As electric vehicles grow in popularity, it is not only carmakers Singapore and has At to that change point from – which where Mr it is Wong today not Grid be electrified.” operators all across the world threshold solar panels that – strikes which Shell the right had previ- balmestic Nuclear and central European stations. at all of them,” said Mr Wetselaar. is Other establish a already has 5% such facilities at some do- single outcome – we want to be good ROYAL transport Dutch groups Shell that aims are to be affected. a leader reckoned to where it could needs come to be in future, five to said 10 are finding In the one that year they since have its to formation, rapidly ance ously between dabbled allowing – is market however operations area to that run, the so company as to maximise will not value enter. ber Maarten WindWetselaar Solar Other told BT in a re- becomes AND STORAGE more prevalent will depend one FOSSIL Shell 0.5% executive 0.5% committee 3% mem- WITH Ultimately, CARBON CAPTURE whichever technology in Among clean energy those who and sees find an themselves opportunity having using to adapt its global their presence businesses and are estervene, As the possibly world’s by population not allowing contin- elec- cope It with has, unexpected firstly, been surges working de- to for the “Whether consumer, it comes against to the solar need panels to cent interview: “I could certainly see a on customers’ choice and regulators’ years Mr Wetselaar. – the group will then need to in- change the New their Energies businesses unit has in been order busy. to tablished electricity brand grid operators scale and up the oil companies. business quickly as and critical pand. Meanwhile, users can the access current the power energy vehicles technology proliferate. and the markets The National in the sec- grid. cing those is probably best in the become over major the course chargers of this century of cars.” whatever the customer wants, he ad- new tric ues vehicles to grow, to energy charge demand so that will more exmand deepen for its understanding electricity as of electric both the ensure or batteries reliability or other and security things, in produ- the business Note: For over a world time with where widespread we could prosperity, decision, the energy system and will Shell double will offer energies when. In Singapore, SP Group is prepar- supply. system also needs to be overhauled Grid, tor. “Before which operates we decide the where power to net- play, hands “We think of low-cost of the producing future stability companies and countries. The group, through its New Enerded. Source: Shell The second largest-publicly to reduce its carbon footprint. which part of the business and which traded oil company the world also “So the real challenge is to grow geographies, you need to deepen “So we're more system integrators “With the presence we have across needed on the new energies front, Source: plans on establishing The Business itself across Times the © the Singapore energy supply Press and at Holdings the same Limited. your understanding,” Permission said Mr required Wetselaar. transform Most law firms likely to renew leases and take capacity in the transmission where for reproduction. we would invest in a wind farm full SP value Group chain of renewables poised and alternative energies as it has done for cleaner...In order to get there, our It has also won a bid to build an off- system. And then delivering the all major economies, with the relation- size of the new energies business is time to reorganise it to become a lot the world in so many countries and in but “I’m not yet convinced that the energy to customers, and building a ships we have with governments, best measured by the capital emcore hypothesis is that we will need shore windfarm in Netherlands, and di-