We have around 16,000 EV charging points today and we’re aiming to reach at least 100,000 globally by 2030. We expect around 90% of those to be rapid or ultra-fast, resulting in around 10 gigawatts of installed capacity. This is equivalent to around 30 billion EV miles driven per year.
We recently became the leading provider of ultra-fast charging in Germany, building on our leading position in the UK, where we already power more than 50 million electric miles a year and expect to have more EV charging points than we do petrol pumps by the end of the decade.
We know the need for energy security is more acute than ever. Playing a vital role in supplying that energy today is the Southern Gas Corridor – a network of three different pipelines that takes gas from our offshore wells in Azerbaijan across seven countries to Europe.
But it’s not just business as usual; we’re committed to producing the energy the world needs while lowering the emissions associated with our operations. Our aim is by 50% by 2030, compared to 2019. One great example of this in action is our Glen Lyon floating production, storage and offloading vessel in the North Sea region, where the team has already cut annual carbon dioxide equivalent emissions by almost 100,000 tonnes and continues to work to achieve more.
We’re not only decarbonizing our own operations, but also helping some of the world’s biggest businesses to lower their carbon emissions, too. In the US, for example, construction has started on solar farms in Northwestern Ohio and Louisiana that, once completed, will supply renewable energy to Amazon, eBay and McDonald’s.
Also in the US, we’re planning, with our partner Linde, a carbon capture and storage project that could pave the way for large-scale decarbonization of the Texas Gulf Coast industrial corridor. The project aims to store up to 15 million metric tons of CO2 per year in multiple sites – the equivalent of removing approximately three million cars from the road.
We have plans to operate one of the world’s largest renewables and green hydrogen hubs in Australia, with an energy-generating potential so huge, it could light up a third of the country. We’re in action to lead the Asian Renewable Energy Hub – and there are plans for more. It’s what we can do as an Integrated Energy Company – bring together world-class technical and commercial expertise to deliver energy solutions in scale, helping to decarbonize different industries.
In the UK, for example, we’re leading the development of hydrogen by working with partners to create two large-scale production facilities and aiming to make Teesside the UK’s first major hydrogen transport hub.
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