June 7 (Renewables Now) - Shell Energy Solutions, part of oil giant Shell Plc (LON:SHEL), has entered into the residential power market in the US by introducing 100% renewable electricity plans for eligible customers in the state of Texas.
The company’s offerings include a standard 100% renewable electricity plan, an electric vehicle (EV) charging plan and a solar buyback plan. The latter gives credit to customers for the excess solar electricity they export to the grid. As per the EV offering, Shell Energy will provide drivers with free charging during off-peak hours and a fixed electricity rate.
All plans are backed by renewable energy certificates (RECs), Shell noted.
"We're excited about this entry into the residential electricity market and look forward to providing a suite of 100% renewable electricity plans to customers across the state," said Glenn Wright, Vice President of Renewables and Energy Solutions for Shell in the Americas.
The British oil major aims to double its annual power sales around the world to over 560 TWh by 2030. This is part of the group’s ambition to become a net-zero emissions energy business by 2050.