Shell Energy Australia
FormerlyERM Energy
IndustryEnergy
Founded1980
FounderTrevor St Baker
Headquarters,
Australia
Area served
Australia
Key people
Greg Joiner (Chief executive officer)
Number of employees
350
ParentShell Australia
Websitewww.shellenergy.com.au

Shell Energy Australia provides gas, electricity, environmental products and energy productivity services to commercial and industrial customers.

History

Former ERM Power logo
Former ERM Power logo

ERM Power was founded by Trevor St Baker as a specialist Australian energy advisory firm in 1980. The company transformed into a power development company in the mid-1990s to capture opportunities arising from the deregulation of the Australian electricity industry.[1] In 2007 the company diversified into electricity retailing in response to further privatisation and vertical integration of the Australian energy industry.[1] ERM Power listed on the Australian Securities Exchange on 10 December 2010.[2] It launched the ERM Business Energy brand in 2012, commenced retailing to the small and medium enterprise (SME) market in 2013 and entered the U.S. retail electricity market by acquiring Source Power & Gas headquartered in Texas in 2015.[3]

Shell Australia acquired ERM Power in November 2019 with the company delsited from the ASX.[4][5][6] ERM Power was rebranded as Shell Energy in February 2021.[7][8]

Core business

Shell Energy retails electricity to large commercial and industrial energy users in Australia (except for Northern Territory) and gas to commercial and industrial energy users in New South Wales and Victoria.[9] Shell Energy owns two gas-fired peaking power stations in Darling Downs, Queensland, and Neerabup, Western Australia, and is developing a 120-megawatt solar energy development in Queensland.[10]

Projects in development

Gangarri Solar Development, a 120-megawatt solar energy development, located in inland Queensland.[11] Gangarri will generate solar power from about 330,000 photovoltaic panels that turn sunlight into electricity – enough to run 50,000 homes. It will reduce emissions by around 300,000 tonnes of carbon dioxide per annum.[12]

In May 2021 the Government of New South Wales announced that Shell Energy and Edify Energy had been awarded a 10-year contract, including a 1.8TWh retail contract coupled with a 100-megawatt Battery Energy Storage System (BESS).[13] The project has been dubbed the 'Riverina Energy Storage System (RESS)' and will be built alongside Edify's 333MW Darlington Point Solar Farm. The NSW Government noted that the RESS would help to mitigate the region's energy supply concerns due to the planned closure of the coal-powered Liddell Power Station in 2023.[14]

Generation

Shell Energy operates Oakey Power Station, a 332-megawatt peaking power station located at Oakey in Queensland, and Neerabup Power Station, a 330-megawatt peaking power station in Western Australia which opened in 2009 at a cost of $435 million.[15][16]

Net-zero ambitions

Shell's target is to become a net zero emissions energy business by 2050, in step with society's progress in achieving the goal of the UN Paris Agreement on climate change.[17] As part of this commitment, ERM Power secured funding from the Australian Renewable Energy Agency (ARENA) to help manufacturing businesses in Queensland understand what is required to make the switch to clean energy. Its $600,000 programme will include $250,000 in ARENA funding.[18]

References

  1. ^ a b Prospectus ERM Power 17 November 2010
  2. ^ Commencement of Official Quotation - ERM Power Limited Australian Securities Exchange 10 December 2010
  3. ^ Our story ERM Power
  4. ^ Shell strikes $617m deal to acquire ERM Power Australian Financial Review 22 August 2019
  5. ^ ERM Power Limited - Removal from Official List Australian Securities Exchange 2 December 2019
  6. ^ ERM Power Shareholders Vote in Favour of Scheme of Arrangement ERM Power 8 November 2019
  7. ^ ERM Power – now Shell Energy – again ranked No 1 for customer satisfaction Shell Energy 17 February 2021
  8. ^ "Notice of 2021 AGM and Shell Energy Transition Strategy" 15 April 2021. Global NewsWire. Retrieved 27 May 2021.
  9. ^ "Shell commits to gas in Australia". Oil & Gas Today. 6 December 2019. Retrieved 31 August 2021.
  10. ^ Staff Writers (2 October 2020) "Shell Australia to build 120-MW solar farm next to gas-fired power plant". Retrieved 3 June 2021
  11. ^ Macdonald-Smith, Angela (7 February 2020) "Shell commits to solar project in Queensland" Australian Financial Review. Retrieved 3 June 2021
  12. ^ Hartmann, Imogen (10 February 2020) "Shell merges gas and solar with new project" Energymagazine. Retrieved 27 May 2021.
  13. ^ Kean, Matt "Big Battery to help power NSW Schools and Hospitals" Retrieved 27 May 2021.
  14. ^ Lewis, Josh (25 May 2021) "Shell teams up with Edify in $2.5 billion Australian battery deal". Retrieved 3 June 2021
  15. ^ McHugh, Babs (4 December 2009) "Neerabup gas fired power station powers up in WA" ABC News. Retrieved 3 June 2021
  16. ^ Burke, Jack (22 August 2019) "Shell Moves Into Power Generation" Diesel, Gas, Turbine. Retrieved 27 May 2021.
  17. ^ Bousso, Ron and Nasralla, Shadia (11 February 2021) "With oil past peak, Shell sharpens 2050 zero emissions goal" Reuters. Retrieved 3 June 2021
  18. ^ Nhede, Nicolas (20 October 2020) "Shell Energy Australia simplifies energy transition for manufacturing businesses" Retrieved 3 June 2021