- April 16, 2019
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The plans signaled by one of the world’s biggest oil and gas companies highlight the looming threat to Australian energy incumbents, not just by the switch of technology, but also of the emergence of new players in the market.
Big Australian gen-tailers might have been expecting competition from a telco, or a retail-focused company like Google or Amazon, but the threat from the likes of huge companies like Shell is of another scale.
Maarten Wetselaar, the head of Shell’s Integrated Gas and New Energies division, said last week that Shell expected to be the biggest power utility in the world by the early 2030s.
On Monday, he confirmed that this will include Australia, and would involve a major push combining its energy trading business, and the solar, storage, EV and software businesses.
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