Royal Dutch Shell to Invest $1 Bln in Developing ‘Smart’ Electric Charging Technologies

Royal Dutch Shell (RDS.A) is working on developing new energy technologies like ‘smart’ electric vehicle charging and models to reduce customers’ energy use, Reuters reported, citing the company. ADRs drifted slightly higher intraday, touching their highest level since

The news report said the head of Shell’s new energies division would say on Thursday the company intends to invest up to $1 billion a year by the end of the decade.

“The exciting challenge for New Energies is turning these possibilities into commercial successes,” Shell’s Mark Gainsborough, executive vice president of New Energies, is expected to say in Amsterdam on Thursday, according to the news report.

The new 52-week price range for the shares is $46.86 – $60.66.