麻豆传媒

Under the agreement, the companies aim to design, manufacture and install a 600 kilowatts (kW) Solid Oxide Fuel Cell Auxiliary Power Unit (SOFC APU) on a Shell-chartered LNG vessel for a year of testing in 2025. The trial is dependent on the results of feasibility studies currently underway.

A solid oxide fuel cell is a fuel to energy converter that can be designed to run on today鈥檚 marine fuels, in addition to all plausible future fuels, including hydrogen. Due to this flexibility, this technology could be critical in enabling the transition from the marine fuels in service today, to the fuels required in the future.

The trial aims to test the technology鈥檚 decarbonisation potential, prove its scalability as a propulsion solution for shipping and enable wider industry acceptance of fuel cells. Data collected over the year of testing will provide information on integrating SOFC technology with shipboard systems, enabling more efficient operations and creating the insight necessary to build future low and zero-emission vessels.

Under the agreement:

• HyAxiom and DFCC will provide the SOFC APU
• KSOE will act as the system integrator in addition to deploying the technology
• DNV will provide technical and safety expertise
• Shell will charter the demonstration vessel and coordinate with partners

Karrie Trauth, SVP Shipping & Maritime at Shell said: 鈥淭his consortium and the cutting-edge technology we鈥檙e pioneering could help deliver less carbon-intensive operations in the near term while unlocking a pathway to net zero through the blending of conventional and alternative fuels until zero-carbon options are available at scale.鈥�

鈥淲e鈥檙e excited to be collaborating with some of the leading names in shipping who share a vision of a zero-emission industry and are working hard to progress shipping decarbonisation.鈥�

Shell engaged with the market to understand the key challenges delaying the pace of decarbonisation as part of the 鈥�All Hands on Deck鈥� report and identified 12 solutions for the marine market in the subsequent 鈥�Decarbonising Shipping: Setting Shell鈥檚 Course鈥�. Fuel cell technology was identified as a key accelerator because it can deliver:

• Efficiency of over 60%, and up to 80% if waste heat is harnessed¹ (reducing fuel consumption and emissions)
• Improved operations (significantly reducing noise and vibrations while requiring less maintenance and lower operating costs)
• A plausible pathway to net zero through compatibility with a range of fuel types (from LNG now to hydrogen-derived fuels in the future)

All Hands on Deck, and Decarbonising Shipping: Setting Shell鈥檚 Course reports available here:

/business-customers/marine/decarbonising.html

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, 鈥淪hell鈥�, 鈥淪hell Group鈥� and 鈥淕roup鈥� are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words 鈥渨e鈥�, 鈥渦s鈥� and 鈥渙ur鈥� are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. 鈥樷�楽ubsidiaries鈥欌��, 鈥淪hell subsidiaries鈥� and 鈥淪hell companies鈥� as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as 鈥渏oint ventures鈥� and 鈥渏oint operations鈥�, respectively. 鈥淛oint ventures鈥� and 鈥渏oint operations鈥� are collectively referred to as 鈥渏oint arrangements鈥�. Entities over which Shell has significant influence but neither control nor joint control are referred to as 鈥渁ssociates鈥�. The term 鈥淪hell interest鈥� is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management鈥檚 current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management鈥檚 expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 鈥渁im鈥�, 鈥渁mbition鈥�, 鈥樷�榓nticipate鈥欌��, 鈥樷�榖elieve鈥欌��, 鈥樷�榗ould鈥欌��, 鈥樷�榚stimate鈥欌��, 鈥樷�榚xpect鈥欌��, 鈥樷�榞oals鈥欌��, 鈥樷�榠ntend鈥欌��, 鈥樷�榤ay鈥欌��, 鈥渕ilestones鈥�, 鈥樷�榦bjectives鈥欌��, 鈥樷�榦utlook鈥欌��, 鈥樷�榩lan鈥欌��, 鈥樷�榩robably鈥欌��, 鈥樷�榩roject鈥欌��, 鈥樷�榬isks鈥欌��, 鈥渟chedule鈥�, 鈥樷�榮eek鈥欌��, 鈥樷�榮hould鈥欌��, 鈥樷�榯arget鈥欌��, 鈥樷�榳ill鈥欌�� and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell鈥檚 products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc鈥檚 Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investor and ). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 11, 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

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We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website .

¹_{Fuel Cell Fundamentals, Third Edition, 2016, page 284}