Category: Renewable Energy

  • MIL-OSI Global: North Korean spy drama in China may signal Beijing’s unease over growing Pyongyang-Moscow ties

    Source: The Conversation – Global Perspectives – By Linggong Kong, Ph.D. Candidate in Political Science, Auburn University

    Chinese authorities in the northeastern city of Shenyang reportedly arrested a North Korean IT specialist in late April 2025, accusing him of stealing drone technology secrets.

    The suspect, apparently linked to North Korea’s main missile development agency, was part of a wider network operating in China, according to the story, which first appeared in South Korea’s Yonhap News Agency. In response, Pyongyang was said to have recalled IT personnel in China.

    The story was later circulated by several Chinese online outlets. Given the tight censorship in China, this implies a degree of tacit editorial approval from Beijing – although some sites later deleted the story. In a response to Yonhap over the alleged incident, a Chinese Foreign Ministry spokesperson noted that North Korea and China were “friendly neighbors” that maintained “normal” personnel exchanges, without denying the details.

    The incident suggests a rare semipublic spat between the two neighboring communist countries, contradicting the image of China and North Korea as “brothers in arms.”

    As a scholar of Northeast Asian security, I see the arrest – which has gotten little attention in English-language media – as representative of a wider, more nuanced picture of the two countries’ current relations. There are signs that Beijing is growing frustrated with Pyongyang – not least over North Korea’s increasing closeness with Moscow. Such a development challenges China’s traditional role as North Korea’s primary patron.

    In short, the arrest could be a symptom of worsening ties between the two countries.

    Beijing’s dilemma over North Korea

    North Korea has long been seen by Beijing as both a strategic security buffer and within its natural sphere of influence.

    From China’s perspective, allowing a hostile force to gain control of the peninsula – and especially the north – could open the door to future military threats. This fear partly explained why China intervened during the Korean War of 1950-1953.

    Beyond security, North Korea also serves as an ideological ally. Both countries are run by communist parties — the Chinese Communist Party and the Workers’ Party of Korea — although the former operates as a Leninist party-state system with a partial embrace of market capitalism, while the latter remains a rigid socialist state characterized by a strong personality cult.

    Chinese President Xi Jinping holds a welcoming ceremony for North Korean leader Kim Jong Un in Beijing on Jan. 8, 2019.
    Xinhua/Li Xueren via Getty Images

    Even today, Chinese state media continues to highlight the bonds of “comradeship” with Pyongyang.

    However, Pyongyang’s nuclear ambitions have long troubled Beijing. North Korea has conducted multiple nuclear tests since 2006 and is now believed to possess nuclear weapons capable of targeting South Korea, Japan and U.S. bases in the region.

    China supports a denuclearized and stable Korean peninsula – both for regional peace and economic growth. Like the U.S., Japan and South Korea, China opposes nuclear proliferation, fearing North Korea’s periodic tests could provoke U.S. military action or trigger an arms race in the region.

    Meanwhile, Washington and its allies continue to pressure Beijing to do more to rein in a neighbor it often views as a vassal state of China.

    Given China’s economic ties with the U.S. and Washington’s East Asian allies – mainly South Korea and Japan – it has every reason to avoid further instability from Pyongyang.

    Yet to North Korea’s isolationist rulers, nuclear weapons are vital for the regime’s survival and independence. What’s more, nuclear weapons can also limit Beijing’s influence.

    North Korean leader Kim Jong Un worries that without nuclear leverage, China could try to interfere in the internal affairs of his country. After the death if Kim’s father, Kim Jong Il, in 2011, Beijing was thought to favor Kim Jong Un’s elder half-brother Kim Jong Nam as successor — possibly prompting Kim Jong Un to have him assassinated in 2017.

    But despite ongoing tensions over the nuclear issue, China has continued to support the North Korean regime for strategic reasons.

    For decades, China has been Pyongyang’s top trading partner, providing crucial economic aid. In 2023, China accounted for about 98% of North Korea’s official trade and continued to supply food and fuel to keep the regime afloat.

    Pyongyang pals up with Putin

    Yet over the past few years, more of North Korea’s imports, notably oil, have come from another source: Russia.

    North Korea and Russia had been close allies during the Cold War, but ties cooled after the Soviet Union collapsed in the early 1990s.

    More recently, a shared hostility toward the U.S. and the West in general has brought the two nations closer.

    Moscow’s international isolation following the 2022 invasion of Ukraine and its deteriorating ties with South Korea in particular have pushed it toward Pyongyang. North Korea has reportedly supplied large quantities of ammunition to Russia, becoming a critical munitions supplier in the Ukraine war.

    Though both governments deny the arms trade – banned under United Nations sanctions – North Korea is thought to have received fuel, food and access to Russian military and space technology in return. On March 8, 2025, North Korea unveiled a nuclear-powered submarine that experts believe may involve Russian technological assistance.

    By 2024, Russian forces were using around 10,000 shells per day in Ukraine, with half sourced from North Korea. Some front-line units were reportedly using North Korean ammunition for up to 60% of their firepower.

    High-level visits have also increased. In July 2023, Russia’s defense minister, Andrey Belousov, visited Pyongyang for the 70th anniversary of the Korean War armistice, followed by Kim Jong Un’s visit to Russia in September for a summit with President Vladimir Putin.

    Russian President Vladimir Putin and North Korean leader Kim Jong Un share a toast during a reception in Pyongyang on June 19, 2024.
    Vladmir Smirnov/AFP via Getty Images

    In June 2024, Putin visited Pyongyang, where the two countries signed a comprehensive strategic cooperation agreement, including a pledge that each would come to the other’s aid if attacked.

    Soon after, North Korea began sending troops to support Russia. Intelligence from the U.S., South Korea and Ukraine indicates that Pyongyang deployed 10,000 to 12,000 soldiers in late 2023, marking its first involvement in a major conflict since the Korean War. North Korean soldiers reportedly receive at least US$2,000 per month plus a bonus. For Pyongyang, this move not only provides financial gain but also combat experience should war ever reignite on the Korean Peninsula.

    Why China is worried

    China, too, has remained on friendly terms with Russia since the war in Ukraine began. So why would it feel uneasy about the growing closeness between Pyongyang and Moscow?

    For starters, China views Pyongyang’s outreach to Moscow as a challenge to its traditional role as North Korea’s main patron. While still dependent on Chinese aid, North Korea appears to be seeking greater autonomy.

    The strengthening of Russia–North Korea ties also fuels Western fears of an “axis of upheaval” involving all three countries.

    Unlike North Korea’s confrontational stance toward the West and its neighbor to the south, Beijing has offered limited support to Moscow during the Ukraine war and is cautious not to appear part of a trilateral alliance.

    Behind this strategy is a desire on behalf of China to maintain stable relations with the U.S., Europe and key Asian neighbors like Japan and South Korea. Doing so may be the best way for Beijing to protect its economic and diplomatic interests.

    China is also concerned that with Russian support in nuclear and missile technologies, Pyongyang may act more provocatively — through renewed nuclear tests or military clashes with South Korea. And this would only destabilize the region and strain China’s ties with the West.

    A defiant and provocative Pyongyang

    The timing of the alleged spy drama may offer further clues regarding the state of relations.

    It came [just a day after] North Korea officially confirmed it had deployed troops to aid the Russian war effort. It also announced plans to erect a monument in Pyongyang honoring its soldiers who died in the Ukraine war.

    The last spy case like this was in June 2016 when Chinese authorities arrested a North Korean citizen in the border city of Dandong. It reportedly followed Pyongyang informing China that it would permanently pursue its nuclear weapons program.

    The China-North Korea relationship deteriorated further when North Korea successfully tested a hydrogen bomb in September 2016, prompting Beijing to back U.N. Security Council sanctions against Pyongyang.

    Again, this time North Korea shows little sign of bending to China’s will.
    On April 30, Kim oversaw missile launches from North Korea’s first 5,000-ton destroyer, touted as its most heavily armed warship.

    None of which will help ease Beijing’s concerns. While China still sees Pyongyang as a critical buffer against U.S. influence in Northeast Asia, an increasingly provocative North Korea, fueled by a growing relationship with Russia, is starting to look less like a strategic asset — and more like a liability.

    Linggong Kong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. North Korean spy drama in China may signal Beijing’s unease over growing Pyongyang-Moscow ties – https://theconversation.com/north-korean-spy-drama-in-china-may-signal-beijings-unease-over-growing-pyongyang-moscow-ties-255698

    MIL OSI – Global Reports

  • MIL-OSI Submissions: Business – Sustainability start-ups Krosslinker and Ayrton Energy secure S$1 million each in catalytic funding at The Liveability Challenge 2025 Grand Finale

    Source: Eco-Business

    The 2025 Grand Finale witnessed another record-breaking year, attracting more than 1,200 submissions from over 100 countries competing for the top prize in two tracks: Decarbonisation and Cool Earth.

    Passive cooling using advanced aerogel technology and safe, cost-effective storage and transport to accelerate adoption of hydrogen as a clean fuel were the top winners at the Grand Finale.
    The Liveability Challenge, was presented by Temasek Foundation and organised by Eco-Business. 

    Singapore, 7 May 2025: Krosslinker and Ayrton Energy have emerged as the top winners at The Liveability Challenge (TLC) 2025 Grand Finale for their innovative solutions to drive decarbonisation and tackle climate challenges.

    The two groundbreaking projects were the standouts among eight finalists, each securing a S$1 million grant in catalytic funding to help advance and scale their solutions sustainably.

    The winner of the Cool Earth track was Singapore-based deep-tech start-up Krosslinker, which develops passive cooling technologies in the form of aerogel materials capable of reducing surface temperatures by up to 10 degrees Celsius and ambient temperatures by up to 5 degrees Celsius.

    The winner of the Decarbonisation track was Canada-based Ayrton Energy, which develops technology for safe and cost-effective hydrogen storage and transport, and addresses infrastructure challenges that currently hinder the widespread adoption of hydrogen energy.

    The two winners were selected after a competitive and rigorous judging session, where all eight finalists pitched their innovative solutions live to a judging panel at the Grand Finale, held at ParkRoyal Collection Marina Bay as part of Ecosperity Week.

    These pioneering climate solutions are integral in advancing progress towards the climate targets set under the Paris Agreement in 2015 – an urgent imperative as global temperatures reach dangerously new highs each year.  

    With rising heat, extreme weather events and ecological deterioration afflicting society and natural ecosystems, solutions must be mobilised to address these climate impacts while contributing to the global targets of reducing emissions by 43 per cent by 2030 and achieving net zero by 2050.

    This will require coordinated efforts across society, enabling regulatory frameworks and strategic investments to enable the large-scale deployment of innovative climate technologies.

    Presented by Temasek Foundation and organised by Eco-Business, TLC was launched in 2018 as a platform to search for the most disruptive and innovative solutions that solve the pressing sustainability challenges of today.

    Today, TLC is Asia’s largest sustainability solutions platform and since its first edition, has attracted thousands of applications globally, shortlisted and incubated 53 finalists, and deployed more than S$12 million in funding to help these startups, who have gone on to raise hundreds of millions more.  

    In its eighth edition, TLC searched for solutions across two tracks: Decarbonisation and Cool Earth. The Decarbonisation track seeks disruptive deep-tech solutions that provide scalable and impactful solutions to reduce carbon emissions across diverse industries. The Cool Earth track seeks groundbreaking innovations that specifically address the challenges posed by climate-induced extreme weather conditions.

    The eight shortlisted finalist teams – Ayrton Energy, CatAmmon, Cetogenix, CO2Tech, D-CRBN, Eztia Corp, Krosslinker and SXD, Inc – represent various countries including Singapore, Australia, Belgium and the United States.

    TLC’s strategic partners this year are Enterprise Singapore, OCTAVE Well-being Economy Fund, TRIREC and Valuence Ventures. Amazon Web Services was the Tech for Good partner for the event.

    “We are very happy and excited [to have secured this award], but this is just the beginning. We have a very big job to do to make sure that we develop solutions that equitably reach everybody and not just the tech-savvy community. Many thanks to Temasek Foundation for all the inspiring work that you have been doing, and to all our investors who have specially flown in for this event. To all the fellow finalists who keep inspiring us – it’s such amazing work to solve some of the most difficult challenges in this world and committing to a cause rather than building easy solutions,” said Dr Gayathri Natarajan, Co-founder and CEO of Krosslinker Private Limited.  

    “We’re really excited to be able to have this funding support and cement our position in Singapore and Southeast Asia. I’m very grateful to Temasek Foundation for believing in the tech that we’re building, and in our ability to decarbonise these hard-to-abate sectors. I wouldn’t be here if it weren’t for my fantastic team of nerds, as I like to call them back home, as well as the support that we have from our investors both locally and internationally,” said Dr Brandy Kinkead, Chief Technology Officer of Ayrton Energy Inc.

    “At Temasek Foundation, we believe in the urgency of supporting bold and deep-tech innovative solutions that can drive real progress in decarbonising our planet, and keeping our environment cool even with rising temperatures. Our catalytic funding reflects this important commitment – helping innovators move from promising innovations to operational prototypes with potential to scale. Beyond The Liveability Challenge, Temasek Foundation is growing our network of climate tech challenges across the region into China, Indonesia and Vietnam. By doing so, we aim to accelerate innovators’ paths to commercialisation and deliver real impact for both the people and the planet. Our heartiest congratulations to Krosslinker Private Limited and Ayrton Energy Inc on this exciting milestone,” said Heng Li Lang, Head of Climate and Liveability at Temasek Foundation.  

    “TLC has become a fixture in the global sustainability innovation ecosystem, providing a vital catalytic platform for promising start-ups with cutting-edge climate tech solutions from all over the world. By driving innovation, entrepreneurship, ecosystem collaboration and access to finance, it helps groundbreaking ideas move beyond the prototype stage to deliver real-world impact. In a world dangerously close to irreversible planetary thresholds, accelerating these solutions is no longer optional – it is critical,” said Jessica Cheam, Founder and CEO of Eco-Business.

    In addition to the two S$1 million in grants (S$1 million for each winner), a total of S$400,000 in investment and grant opportunities were awarded to the finalists by TLC’s strategic partners [see Appendix A].  

    The Grand Finale also hosted an Innovation Dialogue where speakers Mark Gainsborough, Chairman, Seatrium; Magdalene Loh, Director, Urban Systems and Solutions, Enterprise Singapore; and Dr Dazril Phua, Chief Operating Officer, Nandina REM, identified the solutions needed to advance climate tech solutions and innovation in Singapore and globally – including ecosystem building, policy and financial support and public private partnerships.

    Experts said that clear market signals and policy coherence were key to enabling climate technologies to scale. “Technology risk is (usually) the least of the problem. But is the market going to develop the way as expected and is there a supportive policy framework and regulation? Unfortunately, there are too many cases in the climate tech space where the market hasn’t developed as we expected because of an ever-changing policy and regulation landscape,” Mark Gainsborough, Chairman of Singapore-listed marine engineering company Seatrium, shared during the Innovation Dialogue.  

    Magdalene Loh, Director, Urban Systems and Solutions, Enterprise Singapore, noted that in addition to scaleability and exportability, climate tech solutions must be effectively priced to attract customers, and designed for easy integration into existing systems or processes.

    “Today, many of the climate tech solutions that we’re seeing do need to interact with existing infrastructure – existing systems that clients would already be used to. How would these tech solutions integrate? Many times, you need the buy-in internally within the organisation, not just with the innovation team. There are different facets of the clients to [consider] to secure buy-in as well,” Loh said.  

    For more information, visit The Liveability Challenge website at  www.theliveabilitychallenge.org.  

    About Temasek Foundation 

    Temasek Foundation supports a diverse range of programmes that uplift lives and communities in Singapore and beyond. Temasek Foundation’s programmes are made possible through philanthropic endowments gifted by Temasek, as well as gifts and contributions from other donors. These programmes strive towards achieving positive outcomes for individuals and communities now and for generations to come. Collectively, Temasek Foundation’s programmes strengthen social resilience, foster international exchange and regional capabilities, advance science and protect the planet. 

    For more information, visit www.temasekfoundation.org.sg

    About Eco-Business 

    Established in 2009, Eco-Business is Asia Pacific’s leading media organisation on sustainable development. Its independent journalism unit publishes high quality, trusted news and views that advance dialogue and enables measurable impact on a wide range of sustainable development and responsible business issues. Eco-Business is headquartered in Singapore, with a presence in Beijing, Hong Kong, Manila, Kuala Lumpur, Jakarta, and correspondents across major cities in Asia Pacific. Visit www.eco-business.com  

    Appendix A

    Additional investment and grant opportunities:

    Singapore’s Krosslinker Private Limited received S$100,000 from OCTAVE Well-being Economy Fund to develop urban cooling solutions using zero energy aerogel coating.

    Canada’s Ayrton Energy Inc received S$100,000 from TRIREC and S$100,000 from Valuence Ventures to develop safe hydrogen storage and transport which seamlessly integrates with existing liquid fuel infrastructure.

    Australia’s CO2Tech received S$100,000 from Enterprise Singapore to develop a cost effective and compact CO2 capture solution which converts emissions into carbon-negative and valuable products.

    Appendix B

    Comments from our Strategic Partners:

    Emily Liew, Assistant Managing Director, Innovation, Enterprise Singapore, said: “As the world races to address pressing environmental challenges, we need platforms such as The Liveability Challenge more than ever to uncover and support breakthrough climate innovations. Start-ups can leverage Singapore’s robust innovation ecosystem, infrastructure and strategic networks to validate and scale their climate solutions. Enterprise Singapore is committed to working with important partners such as Temasek Foundation to accelerate the development of innovative solutions for a sustainable future.”

    Axel Tan, Venture Partner, OCTAVE Well-being Economy Fund, said: “Climate tech startups are pioneering vital solutions for a more liveable planet, but they face steep challenges in scaling. At the OCTAVE Well-being Economy Fund, we believe in backing these innovators by bridging capital, partnerships and purpose. Together with platforms like The Liveability Challenge, we can direct collective investment toward breakthrough technologies – accelerating the transition to a cleaner, more conscious and regenerative future.”

    Andrew Wong, Director, TRIREC, said: “The Liveability Challenge is crucial as it catalyses breakthrough innovations urgently needed to tackle escalating climate crises. By matching catalytic capital with the most promising solutions in climate change, the Challenge accelerates the commercialisation of transformative technologies, especially in an increasingly uncertain geopolitical environment. This platform not only empowers innovators to scale their impact but also drives collective action toward a net-zero and a climate-resilient future worldwide. TRIREC looks forward to supporting ambitious climate founders.”

    Andrew Hyung, General Partner, Valuence Ventures, said: “At a time when the world’s attention is pulled in many directions and the climate crisis is too often set aside, The Liveability Challenge brings much needed focus. It unites visionaries, doers and believers to shape a future we all deserve. By turning urgency into momentum and bold ideas into real solutions, this platform reminds us that hope backed by action can still change everything.”

    Ashley Tan, International Head of Social Impact & Sustainability at Amazon Web Services (AWS), said: “We’re excited by the powerful sustainability solutions presented by winners Krosslinker Private Limited and Ayrton Energy Inc, and the other finalists. Together with Temasek Foundation and Eco-business, Amazon Web Services (AWS) is committed to making a positive environmental and social impact around the world. We will continue to provide the latest AI-driven technologies and bench of deep technical expertise to power innovative solutions in the cloud and solve the climate crisis’s most pressing decarbonisation and food security challenges of our time.”

    Appendix C

    Finalists for The Liveability Challenge 2025:

    1. Ayrton Energy Inc (Canada)  

    Solution: Safe hydrogen storage and transport that seamlessly integrates with existing liquid fuel infrastructure for scalable deployment that is up to 50 per cent lower cost 

    2. CatAmmon (Israel) 

    Solution: ”Cold” (400ºC) ammonia cracking, catalysed by Ruthenium – free, ceramic nanomaterials that achieves over 30 per cent reductions in cost for hydrogen generation 

     3.  Cetogenix (New Zealand)

    Solution: Transforming urban waste into renewable natural gas, green ammonia and other circular bioeconomy products with carbon intensities 19 times less than those of fossil equivalents 

    4.  CO2Tech (Australia) 

    Solution: Cost effective and compact CO2 capture solution capable of converting emissions into carbon negative and valuable products  

    5. D-CRBN (Belgium) 

    Solution: Plasma-based CO2 recycling with a fossil price parity  

    6. Eztia Corp (US)

    Solution: Cooling wearables that absorb body heat, reducing skin temperature by 10°C  

    7. Krosslinker Private Limited (Singapore)

    Solution: Cooling cities 24/7 with a zero energy aerogel coating: passive, powerful and planet friendly 

    8. SXD, Inc (US) 

    Solution: SXD uses its patent-published AI to co-design and scale zero material waste garments, driving 10 times the material savings, approximately 80 per cent reduction in CO2 emissions and up to 55 per cent in cost savings.

    MIL OSI – Submitted News

  • MIL-OSI Asia-Pac: LCQ4: Use of mechanised and automated cleaning technologies

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Andrew Lam and a reply by the Secretary for Environment and Ecology, Mr Tse Chin-wan, in the Legislative Council today (May 7):
     
    Question:
     
         The 2017 Policy Address proposed to explore the introduction of automated cleaning machines or technology for trial use at suitable venues or after large scale events. According to the Government’s paper submitted to the Subcommittee on Issues Relating to the Improvement of Environmental Hygiene and Cityscape of this Council in 2021, the Food and Environmental Hygiene Department (FEHD) has in recent years fully deployed technologies for mechanisation and automation of cleaning operations. In this connection, will the Government inform this Council:
     
    (1) of the items of cleaning machinery or technology deployed by the FEHD in various districts of Hong Kong, and the average annual utilisation rates of such items, with breakdowns by each of the 18 districts across the territory; and
     
    (2) whether the Government has regularly promoted and monitored the deployment of mechanised and automated technologies in cleaning operations by outsourced service contractors; if so, of the details; if not, how the Government will step up monitoring efforts?
     
    Reply:
     
    President,
     
         In recent years, the Food and Environmental Hygiene Department (FEHD) has been actively introducing new technologies to improve the quality and efficiency of street cleansing and refuse collection services, enhance the occupational safety of frontline staff and strengthen enforcement effectiveness.
     
         My reply to the question raised by the Hon Andrew Lam is as follows:
     
    (1) The FEHD has widely adopted the following technologies and equipment in public cleansing services, including:
     
    (i) Mini street washing vehicles equipped with high pressure hot water cleaners and pressure washer surface cleaners have been introduced in various districts, which can quickly remove dirt from pavements and come with the advantages of saving time and energy, being flexible, reducing disturbances to pedestrians, etc. Since early this year, 67 teams have been using mini street washing vehicles with pressure washer surface cleaners for street washing across the territory, and the locations covered by these vehicles have increased to about 3 600, including those with stubborn dirt or moss, with a view to bringing substantial enhancement to the cleanliness of such locations;
     
    (ii) Litter sweeping plays an important role in street cleansing. The FEHD has widely deployed 11 teams of new mechanical street sweepers in various districts to sweep roads, footbridges and central dividers. It has also provided 118 low-entry driver cab type refuse collection vehicles to enable drivers and cleaning workers in collecting and transporting refuse;
     
    (iii) To improve the refuse collection facilities in rural or remote sites and for better environmental hygiene, the FEHD is implementing a scheme to improve waste collection facilities, under which 287 solar-powered aluminium refuse collection points as well as 51 solar-powered compacting refuse bins and solar-powered refuse compactors have been set up in rural sites. These facilities feature a solar sensor or a foot pedal for touchless control of the inlet openings, and are more convenient and hygienic to use. Their enclosed design can also reduce odour emission and prevent pest infestation. Some of these collection facilities are equipped with a compacting function which will compact refuse to increase storage capacity when the refuse yield reaches a certain level, thereby reducing the need for provision of more refuse containers or more frequent refuse collection; and
     
    (iv) The FEHD also utilises technologies to monitor the cleanliness condition in order to step up the combat against illegal deposit of refuse. Currently, Internet Protocol (IP) cameras have been installed at over 500 illegal refuse deposit blackspots in various districts. The footage captured will be analysed by artificial intelligence to identify the acts of illegal deposit of refuse so that the Department can plan more effective enforcement actions, and institute prosecutions directly. Recently, IP cameras have been installed on traffic roads at over 30 suitable locations in various districts to combat littering from vehicles by irresponsible drivers or passengers. The footage captured will be used for prosecution. In 17 remote coastal sites, 360-degree cameras are used to remotely monitor their cleanliness for timely removal of refuse.
     
         Given the extensive use of the above technologies and equipment in the discharge of regular duties, the FEHD does not keep any specific statistics on their utilisation rates. The summary of the utilisation of the equipment is set out in Annex.
     
         The FEHD has made continuous effort in examining and testing out new technologies not only for greater work efficiency, but also for enhanced protection of the safety of frontline staff, who will have a reduced chance of sustaining work-related strains and injuries. For example:
     
    (i) The FEHD is working with the Electrical and Mechanical Services Department (EMSD) on the application of automated sweeping robots, which will be used for street cleansing so as to reduce the physical exertion of cleansing staff. The robots have been tested in the Hong Kong Science Park, and will undergo the second phase of testing on suitable pavements in due course;
     
    (ii) Electrically assisted trolleys are introduced to ease the physical burden on frontline street cleansing staff. These trolleys, apart from being electrically assisted, are equipped with indicator lights, buffers, reflective stickers, etc, which help enhance safety and work efficiency; and

    (iii) The FEHD is also bringing in the most advanced industrial grade robot dogs from the Mainland with a view to enhancing the efficiency in transportation of refuse and reducing the risk of injuries of cleansing workers caused by handling heavy objects. The Department will conduct tests on the refuse handling capacity of the robot dogs at specific locations, such as slopes, stairs and rugged areas. It will also explore ways to upgrade the ancillary facilities.
     
         In addition, the FEHD plans to, in collaboration with the EMSD, commence a trial on hydrogen fuel cell street washing vehicles in Yuen Long District and North District in mid-May this year to promote the use of cleaner hydrogen energy, which will contribute to achieving the carbon neutrality target of Hong Kong.

         After the trial use of new technologies, the FEHD will review their effectiveness and solicit views from different stakeholders for consideration of whether and how they should be put into wider use. It will also continue to identify technologies and equipment for improving street cleansing service and refuse collection work through various channels, such as drawing on the local, Mainland and overseas experiences.
     
    (2) The FEHD encourages the contractors bidding for service contracts to put forward suggestions on innovative applied technologies. If any suggestion(s) is/are rated as effective and practical, extra scores will be given to the tender. If the contractor is awarded the contract, such suggestion(s) will become the contract terms that shall be implemented. Innovative applied technologies proposed by contractors in recent years include the use of on-board refuse bin cleaners, which can help reduce the need for manual washing and enhance efficiency. The FEHD will progressively extend their scope of application in view of the satisfactory results.
     
         On the monitoring of contractors, the FEHD’s public cleansing service contracts will clearly set out the mechanical and automated cleaning equipment that shall be provided by contractors. The FEHD will monitor contractors’ performance (including whether applied technologies and equipment are provided as required in the contracts) through site inspections, surprise checks and examination of job records. In the event of any non-compliance with the contract requirements, the Department will take follow-up actions, which include the issue of warnings, default notices as well as deduction of monthly service charges. Contractors’ service performance records will also have a bearing on their eligibility or rating in future bidding for the FEHD’s outsourced service contracts.
     
         Thank you, President.

    MIL OSI Asia Pacific News

  • MIL-OSI: Elcogen and Casale SA sign Memorandum of Understanding

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 07, 2025 (GLOBE NEWSWIRE) — Elcogen, a leading European manufacturer of technology that enables the efficient production of affordable green hydrogen and emission-free electricity, today announced that it has entered into a Memorandum of Understanding (MoU) with Casale, a global provider of technologies and integrated engineering solutions to produce ammonia and other base chemicals. This is a non-exclusive Memorandum that will enable the parties to collaborate on green ammonia and other Power-to-X (P2X) projects.

    Under this MoU, the two companies will explore commercial projects of mutual interest, with a view to integrating Elcogen’s solid oxide electrolysis stack and stack module technology into Casale’s plants, and potentially other P2X applications globally. In turn, Elcogen can provide their technology platform and related technical services to support Casale in its process design efforts for developers on the international market.

    This partnership marks a significant milestone in the green energy transition, with the possibility of combining Casale’s proven, mature process design expertise with Elcogen’s cutting-edge Solid Oxide Electrolysis Cell (SOEC) technology for highly efficient green hydrogen production.

    Driving the future of sustainable solutions with green hydrogen

    Ammonia production, which today relies primarily on hydrogen derived from natural gas, has traditionally been dependent on fossil fuels, making it a significant source of CO2 emissions. However, by coupling green hydrogen technology into ammonia production and leveraging renewable energy sources, the new process can significantly reduce emissions, offering a cleaner and more sustainable solution for the industry. Combining Elcogen’s efficient SOEC technology with Casale’s high-performance ammonia solutions, the parties will be able to propose leading solutions to the green ammonia market. SOEC is ideally suited to integration with industrial processes, producing hydrogen directly where it is needed as feedstock.

    “Solid oxide technology is on track to reach cost parity with PEM and Alkaline systems soon, and once it does, it will offer even greater value. With a lower levelised cost of hydrogen, greater scalability, and a lack of reliance on precious materials like iridium and platinum, it’s a future-proof technology that’s expected to become a key player in the green ammonia space as it matures. This will provide a competitive advantage to both companies,” said Mikael Jansen, Director of Business Development at Elcogen, adding, “This MoU is an exciting step forward. With over 100 years of experience, Casale is a world-class player, and we are humbled that a major ammonia technology provider shares our same vision. Together, we are making a tangible contribution to world sustainability goals. We’re poised to set a new standard for sustainable ammonia production”.

    SOEC technology offers unparalleled advantages compared to water electrolysis. It requires less electricity to produce hydrogen due to faster and more efficient kinetics, and it can use steam generated from the waste heat of industrial processes – such as ammonia production – further reducing the electricity needed for hydrogen production. Unlike water electrolysis, it produces little to no waste heat itself. The elcoStack® technology platform operates at a lower temperature compared to many other solutions while retaining high efficiency and power densities, providing a simpler and more cost-efficient solution for integrating solid oxide technology into an electrolyser system.

    “Observing Elcogen’s achievements in solid oxide technology, we see a highly complementary fit with Casale’s deep expertise in process integration and plant design. This collaboration opens new possibilities for industrial applications of green hydrogen, particularly in ammonia production and also in other technologies. We believe this partnership will allow both companies to explore innovative solutions in the Power-to-X space, building on our shared commitment to accelerate the energy transition,” said Federico Zardi, CEO of Casale SA.

    Elcogen Contact: Laura Quinton, Communications Manager, Laura.Quinton@elcogen.com +358(0)456163133

    Casale Contact: Maria San Antonio Alonso, Marketing & Communications Manager, m.sanantonio@casale.ch +41 91 6419330

    About Casale

    Founded in 1921, Casale is a privately-owned Swiss company headquartered in Lugano, Switzerland, with over a century of expertise offering integrated technologies, engineering, contracting and construction solutions for the chemical and fertilizer industries. With more than 450 professionals across Switzerland, the Czech Republic, China, India, the United States, the United Arab Emirates and Brazil, Casale is a global leader in sustainable fertilizer production technologies.

    Casale is among the few licensors that can provide the entire fertilizer production chain of ammonia, urea, nitric acid, nitrates, phosphates, in addition to key chemicals such as melamine, methanol. Focused to build sustainable plants for a better planet, the portfolio of solutions also includes innovative technologies to produce green and blue ammonia, methanol, and hydrogen delivering thus a complete range of solutions for new plants and for plants retrofits (revamping).

    Casale delivers, both for plant revamping and new plants, a comprehensive range of services and products including:

    • know-how and licensing of core technologies
    • full range of engineering services, from feasibility studies to basic, FEED, and detail design
    • equipment and materials supply
    • EP/EPC project contracting
    • digital solutions for plant control and management
    • repair and maintenance services

    Casale offers a full range of services consistently prioritizing continuous innovation and operational excellence. Casale’s ability to weave its deep commitment to the research and development of clean technologies into every aspect of its design, construction and renovation projects underlines its leadership in energy transition and sustainability.

    www.Casale.ch

    About Elcogen

    Elcogen develops and supplies solid oxide fuel cell and electrolysis technologies, enabling the production of affordable green hydrogen and emission-free electricity across diverse sectors, from residential to large-scale industrial applications. Founded in 2001, the Company has its registered office in the UK, its main headquarters in Tallinn, Estonia, and R&D centres of excellence in both Estonia and Finland. Serving a growing global customer base, Elcogen’s fuel and electrolyser cells, stacks, and modules are integrated into third-party systems, delivering exceptional performance and reliability. In addition to the supply of components, Elcogen offers comprehensive services to support technology integration, ensuring seamless adoption and optimal functionality of its solutions in various applications. These systems are designed to unlock the full potential of renewable energy, offering superior efficiency compared to traditional technologies. Together with its partners, Elcogen is shaping a sustainable energy landscape and leading the way to a net-zero future.

    www.elcogen.com

    The MIL Network

  • MIL-OSI USA: NREL Researcher Craig Turchi Brings Small Business Experience to Big Concentrating Solar Projects

    Source: US National Renewable Energy Laboratory

    Turchi’s Years at a Tech Startup Gave Him a Savvy Outlook on Concentrating Solar Power (CSP) Systems Analysis and Innovation


    NREL researcher Craig Turchi soaks up the sunshine along the banks of the Gunnison River in Colorado. Turchi is the manager of the Thermal Energy Science and Technologies group in NREL’s Center for Energy Conversion and Storage Systems. His love for nature led him to work in solar technologies after completing his Ph.D. in chemical engineering at North Carolina State University. At NREL, his work has focused on a range of issues in concentrating solar technologies, from systems analysis to reducing water use at concentrating solar power plants in desert environments. Photo from Craig Turchi

    Honesty is the best policy, and from his early days at the National Renewable Energy Laboratory (NREL), Craig Turchi embraced that policy in his work as a chemical engineer in concentrating solar power (CSP).

    In fact, fresh out of his Ph.D. program and working at his first job, he was not afraid to tell the U.S. Department of Energy the truth about a solar detoxification reactor his team was working on: Based on the reaction rates he had modeled, it was not going to work—at least, not as currently planned.

    It was his first CSP project at the laboratory in the early 1990s, when NREL was called the Solar Energy Research Institute (SERI). The reactors used sunlight concentrated from parabolic mirrors into fluid-filled tubes to break down contaminants in water, using titanium dioxide as a catalyst. Concentrating the sunlight sped up reaction rates, but for this chemistry, it also reduced the reaction efficiency. Turchi knew the efficiency results meant the cost would not add up. The team pivoted.

    “We followed the science,” he said. “You’re initially pursuing things based on hope in many cases, but when the data come in, you have to follow the science.”

    This first research result at SERI earned him a reputation as a straight shooter that stayed with him for 35 years as he built a career in CSP and thermal energy science.

    “That scientific integrity is something everyone looks up to,” said Guangdong Zhu, CSP subprogram lead at NREL and Thermal and Hybrid Energy Systems group manager. “As researchers, we should focus on simply assessing the results based on scientific justification. For Craig, this comes naturally. His evaluation is never going to be influenced by any other factors.”

    Turchi now serves as the Thermal Energy Science and Technologies group manager in NREL’s Energy Conversion and Storage Systems (ECaSS) Center, and he led NREL’s CSP subprogram from 2022 until 2024, when he passed the baton to Zhu. He also serves as the partnership director for the Heliostat Consortium, a U.S. Department of Energy consortium led by NREL and Sandia National Laboratories in partnership with the Australian Solar Thermal Research Institute.

    His leadership extends beyond his work at the laboratory. An avid outdoorsman, Turchi is known around NREL for leading paddling trips on Colorado’s and Utah’s scenic rivers. He and his wife, Jeannette, along with their daughter also help run a food bank at their church through Food Bank of the Rockies, where they serve 150–200 people once a month.

    “I find that very fulfilling, and it’s a nice counterpoint to writing reports at a computer to go out and physically do something and see the immediate benefit happening in your community,” he said. “I think it’s very important to give back.”

    Bringing Small Business Experience to Systems Analysis Research

    Turchi returned to NREL in 2008 after working at two small technology companies. Photo by Dennis Schroeder, NREL

    Turchi started working at SERI in 1990 but left in 1996 for a position with a startup that did not fully launch. He then joined a small company called ADA Technologies, where he served as a principal investigator and program leader for 10 years.

    At ADA, Turchi obtained his first patents. He was particularly proud of a product he created to separate amalgam for dental offices. At the time, when dentists placed or removed silver fillings, which are nominally 50% mercury, tiny bits of the filling would get suctioned out and end up in city sewer systems—where the mercury could eventually be released. His system trapped the amalgam bits at the dental office for recycling, keeping mercury from accumulating to harmful levels in bays and estuaries.

    Upon his return to NREL in 2008, he found that his time in the startup world translated well at the laboratory. He had honed his proposal-writing skills when working at ADA. He also brought new experiences when he returned, including an eye for innovation and a keen business sensibility. That outlook, paired with his truth-seeking ethos as an engineer, helped him build a robust research program in CSP systems analysis. The program allowed NREL to fill a niche that had been missing in the industry.

    “NREL started doing a lot of systems analysis,” said Mark Mehos, an emeritus NREL researcher who hired Turchi back to NREL in 2008. “And the U.S. Department of Energy really appreciated the robustness of Craig’s analysis. He was very thorough, he was very honest, and he didn’t hold back. If the analysis seemed to show that this was the right path or the wrong path, Craig didn’t have any qualms about sharing that.”

    CSP is a flexible technology. It can be used to generate electricity, create thermal energy for long-duration energy storage, or create thermal energy for a range of industrial processes that require heat, such as those used in food processing or desalination. That flexibility means there are a lot of factors to consider when analyzing costs, and making an honest assessment is crucial. As early-career researchers joined Turchi’s team, they learned from his rigorous approach to research and analysis.

    “He’s the real CSP guru—Craig keeps things grounded with his practical mindset,” said Judith Vidal, Building Thermal Energy Science group manager. Vidal got her start at NREL as a postdoc for Turchi in CSP. “His advice stuck with me: Always approach things with economic sensibility.”

    Vidal’s research emphasis is no longer in CSP, but those lessons still apply.

    “Since many of our projects are applied research, you always have to keep cost-effectiveness in mind,” she said. “But I also learned from him that sometimes, simply saying ‘This is too expensive’ pushes you to think differently in the lab—to optimize, to explore new directions. It challenges you. This is how Craig shaped me as a young researcher.”

    Craig Turchi received the NREL Chairman’s Award for Outstanding Performance on April 2, 2015. Turchi has won other awards at NREL as well, including one for his strategic guidance on advancing thermal systems research and development in 2015 and one for bringing $10 million in funding to NREL for Generation 3 CSP research in 2018. Photo by Dennis Schroeder, NREL

    Applying a New Power Cycle to CSP

    In addition to his main body of work in systems analysis and related topics, Turchi was looking for brand-new areas of research when he returned to NREL. A power cycle that was becoming popular in nuclear energy circles, but not solar, caught his attention: the supercritical carbon dioxide (CO2) power cycle.

    “There was a renaissance in this power cycle development after a study came out that showed it could be valuable at nuclear power plants,” Turchi said. “It’s a type of power cycle development that had been looked at decades ago, and it kind of got stuck on a back shelf. No one really looked at it.”

    Turchi saw potential for supercritical CO2 power cycles to replace the steam turbines in traditional CSP systems, potentially unlocking greater efficiencies.

    This initial curiosity about supercritical CO2 for CSP has grown into a major path forward for the CSP industry—Generation 3 CSP. In Gen 3 CSP, arrays of mirrors called heliostats concentrate sunlight onto a central receiver to collect and store heat at high temperature (over 700°C). This heat is transferred to supercritical CO2 to generate power in a closed-loop Brayton cycle. Sandia National Laboratories now has a Gen 3 Particle Pilot Plant at its National Solar Thermal Test Facility to study supercritical CO2 as the working fluid in a plant with particle energy storage.

    Turchi won two NREL awards for his work on the supercritical CO2 power cycle for CSP. But nowadays, he is more focused on elevating other researchers’ work.

    “As you progress in your career, you either remain an expert in some area, or in my experience, you broaden out into what the interesting areas are in your field, and you help others develop,” Turchi said. “I think as a group manager, that’s your role. It’s very rewarding when you see those people succeed.”

    Learn more about NREL’s concentrating solar power research.

    MIL OSI USA News

  • MIL-OSI USA: Gov. Pillen Announces Appointments to Boards and Commissions

    Source: US State of Nebraska

    . Pillen Announces Appointments to Boards and Commissions

    LINCOLN, NE – Governor Jim Pillen is announcing appointments made to boards and commissions December 31, 2024, through March 31, 2025.

    The list of current board and commission openings can be found on the Governor’s website (https://governor.nebraska.gov/board-comm-req), along with instructions on completing an application.

    Advisory Committee on Aging
    Ira Nathan, Omaha 
    Marilyn Alber, Blue Hill 
    Alma Varela, Hastings 
    Gloria Aron, Lincoln 
    Richard Brandow, Laurel 
    Linda Schweitzer, Comstock

    Aeronautics Commission
    Edward Dunn, Grant

    Board of Early Childhood Education Endowment 
    Rony Ortega, South Sioux City 
    Eric Buchanan, Lincoln

    Board of Landscape Architects
    Dennis Bryers, Omaha

    Board of Public Roads Classifications and Standards
    Bathan Sorben, Waverly 
    Kyle Anderson, Valley

    Capitol Commission 
    John Wightman, Jr

    Crime Commission – Nebraska
    Aaron Hanson, Omaha

    Coalition for Juvenile Justice
    Steve Solorio, Lincoln 
    Erika Schwarting, Omaha 
    Lincoln Arneal, Lincoln 
    Ingrid Gansebom, Osmond 
    Adama Sawadogo, Omaha 
    Candice Novak, Omaha 
    Denise Mathei, Hastings 
    Jorge Garcia, Milford

    Commission on African American Affairs 
    Terri Crawford, Omaha 
    Ted Lampkin, Omaha 
    Jo Anna LeFlore-Ejike, Omaha 
    Johnny Nesbit, Omaha

    Commission for Deaf & Hard of Hearing 
    Roy Christensen, Lincoln

    Committee on Pacific Conflict 
    Jason Jackson, Lincoln

    Interstate Compact for Adult Offender Supervision 
    Greg London, Papillion

    Nebraska Game and Parks Commission 
    Stephen D. Mossman, Lincoln 
    Kurt Arganbright, Valentine 
    Lisa Roskens, Omaha

    Nebraska Investment Council 
    Brian Christensen, Columbus

    Nebraska Oil and Gas Conservation 
    Steve Mattoon, Sidney

    Nebraska Real Property Appraiser Board 
    Adam Batie, Kearney

    Nebraska State Historical Society Board 
    Jacquelyn Morrison, Papillion

    Nuclear and Hydrogen Industry Work Group 
    Lenette Sprunk, Columbus

    Power Review Board 
    Dennis Grennan, Columbus

    Public Employees Retirement Board 
    Jacob Curtiss, Waverly

    Rural Health Advisory Committee 
    Diva Wilson, MD, Papillion

    State Board of Landscape Architects 
    Dennis Bryers, Omaha

    State Colleges Board of Trustees 
    Connie Edmond, Lincoln 
    Robert Engles, Auburn

    State Electrical Board 
    James Brummer 
    Tyler Ritz, Kearney

    State Fair Board 
    Anna Castner Wightman, Omaha

    State Records Board 
    Jason Jackson, Lincoln

    Tourism Commission
    Courtney Dentlinger, Norfolk
    David Wolf, Scottsbluff
    David Fudge, North Platte
    Paul Younes, Kearney
    Debra Kelly, O’Niell
    Rachel Kreikemeier, Beatrice

    MIL OSI USA News

  • MIL-OSI United Kingdom: John Swinney’s Programme for Government speech

    Source: Scottish National Party

    Presiding Officer,

    Tomorrow will mark one year since I was honoured to be elected as the First Minister of this country that I love.

    I spoke then of my ambition to create a vibrant economy in every part of our country, my determination to tackle the challenges faced by our beloved National Health Service, and my hope that we can come together as a Parliament, and as a country, to focus on solutions rather than allowing our disagreements to dominate.

    Over the past year, amidst real challenges, amidst deep uncertainty on the global stage, progress has been made. In ways big and small, a corner is being turned. This is a government that is working hard and determined to get Scotland on track for success.

    That progress has been evident in the way we do our business here in our Parliament. The fact that four parties were able to come together, to negotiate in good faith, and pass a budget that delivers record funding for our National Health Service, is testament to what is possible.

    Today’s Programme for Government is presented in that same spirit. It contains many of the fruits of our budget process – with elements within it that are there only because of the co-operation of other parties.

    But this is also a programme by an SNP government, a government that cares deeply about Scotland, a government that has total confidence in Scotland’s ability to rise to any challenge and to weather any storm.

    Presiding Officer, before I turn to those elements that are in the Programme for Government, I want to talk about some measures that are not included.

    With a year to go until the end of this parliament, there are clearly, limits on the amount of legislation we can present. This government – and I personally – remain entirely committed to tackling misogynistic abuse against women. Regrettably I do not believe there is sufficient parliamentary time to make progress through a standalone Bill which I would plan to bring forward at the start of the next Parliament. We will however take the action we can in this Parliament by adding sex as a protected characteristic to existing hate crimes legislation to protect women and girls and by taking further steps in our policy, to tackle unacceptable abuse of women and girls in our society.

    Conversion Practices that seek to change or suppress a person’s sexual orientation or gender identity are harmful and abusive. Over this coming year, we will seek to work with the United Kingdom government to deliver a legislative ban across England, Wales and Scotland. But if agreement is not possible, we will publish legislation in the first year of the next parliamentary term. Members of the LGBTQI+ community should have no doubt that we will work with them to protect and to defend their rights.

    Times are tough, presiding oofficer and times are changing, in ways that I know bring real anxiety to our citizens, real fear to many in our business community. But my promise to the people of Scotland is that amidst the uncertainty there is one thing they can be sure of: this is a government that will always seek to do what is best for Scotland. As First Minister, I will always put the needs and interests, the hopes and dreams of the people of Scotland first.

    When I became First Minister a year ago, I heard loud and clear people’s concerns about the health of Scotland’s NHS.

    They would tell me about their many positive experiences of high-quality care from the dedicated staff in the NHS, experiences of treatment and care that are, invariably, world class. But they also spoke of difficulties accessing that care. Waiting times that were unacceptable, adding to anxiety. Systems that they felt did not put patients first.

    Presiding officer, there are many issues that compete on a daily basis for the attention of a First Minister, but what could be more important than our National Health Service?

    So I am proud that the £30 million that we committed has not just delivered the 64,000 additional NHS appointments and procedures between April 2024 and the end of January 2025 that we promised, but over 40,000 more than planned. An extra 105,000 vital, additional appointments and procedures that are helping to reduce waiting lists and waiting times. We have met the children and adolescents’ mental health waiting time standards, with over 90 per cent now seen within 18 weeks of their referral.

    More cancer patients are now treated faster. Compared with a decade ago, 16 per cent more patients receive care within the 31-day standard and 11 per cent more within the 62-day standard.

    Statistics, yes, but behind each one a person who has received the sort of reliable and effective care from the National Health Service that they deserve.

    Progress, yes, but with a very clear understanding that there is more, much more to do.

    And that is why a renewed and stronger NHS is at the very heart of this Programme for Government.

    Getting our NHS on track is about reform that is fundamentally patient-centred, it is about investment, and it’s about increasing productivity and capacity.

    This approach makes it possible for us to deliver more than 150,000 extra appointments and procedures in 2025-26.  

    The additional investment secured through the Scottish budget will enable us to expand specialist regional centres; technology will mean more efficient use of operating theatres. The result, a 50 per cent increase in the number of surgical procedures we can deliver compared with last year. 

    There will be a renewed focus on cancer diagnosis and treatment, targeted investment so that health boards can clear backlogs and substantially improve waiting times.

    Presiding officer, I could spend the whole statement just talking about the steps we are taking to access the National Health Service, but before moving on, I will highlight one other area that I know is of particular concern for many people.  

    While many people’s experience of their GP is excellent, for many others there is deep frustration over the difficulty making appointments and what has been described as the 8am lottery.

    This is of central importance to me. That is why we are acting to reduce pressure and increase capacity in the system, so that it is easier for people to get the care that they need, when they need it.

    That includes in the year ahead a further expansion of Pharmacy First services – with pharmacies being the right first port of call for many ailments.  

    But it also means the delivery of an extra 100,000 appointments in GP surgeries focused on key risk factors such as high blood pressure, high cholesterol, obesity and smoking.  

    This year, primary care, including GPs, is receiving a bigger share of new NHS funding, and we are committed to not only increasing GP numbers but protecting Scotland’s advantage which means substantially more GPs per head in Scotland compared to elsewhere in the United Kingdom.

    Presiding officer, members across the chamber will know that, alongside the NHS, our constituents are also deeply exercised by the ongoing cost-of-living crisis. We have experienced a decade and more of financial insecurity, higher prices and squeezed real incomes. Life feels substantially tougher for very many of those that we serve.

    The economy means jobs, growth and investment, and I will talk about all of these elements.  

    But above all, the economy is about people’s quality of life, it is about their own household budget, their ability to pay the bills.  

    This Scottish government will always do what it can to deliver the best deal for the people of Scotland. In concrete terms that means a commitment to keep Council Tax bills – already over 30 per cent lower on average in Scotland than in England – substantially lower than elsewhere in the UK.

    Water bills – already 20 per cent lower than in England – will remain lower, as will income tax for the majority of workers in Scotland.  

    Prescriptions will continue to be free here in Scotland.

    Eye appointments, free. 

    Bus travel for young, disabled and older people in Scotland – free.  

    Scotland will continue to pay no tuition fees.   

    Parents will continue to benefit from a package of early learning and childcare worth more than £6000 for every eligible child.  

    Free school meals, which save the average family £400 per child per year, will be expanded, and more breakfast clubs introduced.  

    Together, this is my cost-of-living guarantee. A package that year on year delivers savings for the people of Scotland, a package that exists nowhere else in the United Kingdom.  

    And, Presiding Officer, it is a package of cost-of-living support that we are always looking to enhance where we can.  

    That is why we took the decision in the budget to restore a winter fuel payment for Scottish pensioners, with the poorest receiving the most. Those payments will be made this year.   

    And it is why we are committed to doing even more.

    Last year, in the face of severe budget pressures, we took the difficult decision to end the peak fares pilot on our railways.

    But now, given the work that we have done to get Scotland’s finances in a stronger position, and hearing also the calls from commuters, from climate activists and from the business community, I can confirm that, from the 1st of September this year, peak rail fares in Scotland will be scrapped for good.  

    A decision that will put more money in people’s pockets and mean less CO2 is pumped into our skies.   

    Once again, tens of thousands of Scots saving money.  

    Once again, a better deal for people because they live in Scotland.  

    Better for Scots because there is a government that always strives for what is best for Scotland.  

    Alongside the cost-of-living pressures – the consequence of a series of body blows from austerity and Brexit to the spike in inflation and energy costs that followed Russia’s 2022 invasion of Ukraine – new threats are emerging that have the potential to cause extensive damage to the Scottish economy.  

    Tariffs will impact directly on many Scottish exporters to the United States, while a US recession and a global trade war, will have effects direct and indirect on almost every sector of our economy. 

    Presiding officer, this Programme for Government has been published earlier than usual, in part because it allows a clear year of delivery on the NHS and other public services, delivery in those areas that matter in the day-to-day lives of our citizens. But it is also being published now because of the scale of the looming economic challenge that we face.   

    For the sake of Scottish jobs, for the sake of protecting people’s quality of life, we are taking new steps, accelerating action, to ensure Scotland’s economy is better placed to ride the economic storms.  

    Members will see the detailed and extensive section on the economy in the Programme for Government document, with action on planning reform, skills, housing investment, support for our rural economy including our vital food and drink sector, promotion of Scotland the brand and more. But I want to highlight three particular initiatives designed to respond directly and specifically to the challenges we now face.  

    First, working with Scottish Development International across their 34 international offices, we will deliver a new 6-point Export Plan, to enable Scottish exporters to diversify and to grow markets. This includes:  

    • more support for SME’s to participate in trade missions in both established and emerging markets; 
    • additional grant funding to help companies unlock specific, targeted international growth; and, 
    • bespoke support in key sectors – technology, life sciences, renewables and hydrogen – to maximise international opportunities.

    Second, to enable emerging Scottish companies to grow, we will create a new Proof of Concept fund, with a focus on supporting the commercialisation of research projects with significant economic potential. We will deliver an improved Ecosystem fund to further enhance Scotland’s already effective start-up environment, including action to transform the number of women who start and scale up businesses.

    We must not forget, even amidst the gathering clouds, that Scotland is an innovative nation, and that opportunities exist which can deliver real and significant benefits now and in the future. This government will prepare for the challenges but we also seek to position Scotland to make the most of the many and significant economic opportunities that still exist.   

    Third, we will deepen our commitment to a just transition and an industrial future for Scotland. As members will be aware, the Deputy First Minister is actively engaging with potential investors to ensure a green industrial future for the Grangemouth site. A key element in the success of this work is the development of carbon capture in Scotland, which is why it is now vital that the UK government provides support not only to carbon capture projects in England, but also to the Acorn project in Scotland’s northeast.

    The Scottish Government has previously committed up to £80 million to make this happen if the UK Government, in turn, made the commitments necessary for the project to progress. Given the importance of this project for the Scottish economy, given its place at the very heart of the green reindustrialisation that is my ambition, and I trust the ambition of all parties in this chamber, my government is now willing, as part of a wider package of investment in industrial transformation, to remove that cap and increase the amount of Scottish funding that is available to make Acorn a reality should the project be given the go ahead by the United Kingdom Government. 

    I know that many in this chamber share my concern that Scotland is little more than an afterthought to a UK government that is willing to invest in a supercomputer in the southeast of England, weeks after cancelling the supercomputer for Edinburgh. A UK government that moved heaven and earth to save Scunthorpe but will not do the same for Grangemouth. Perhaps with swift action from the UK Government to support Acorn, which in turn will help us deliver the future that Grangemouth deserves, the Prime Minister will do the right thing by Grangemouth.

    Presiding officer, working to deliver a stronger NHS, giving the people of Scotland the best cost-of-living support of any part of the UK, and action to protect Scotland’s economy and maximise our economic potential in the face of global challenges, this is a government with what is best for Scotland at its heart.  

    Since becoming First Minister last year, I have sought to focus government efforts on four central priorities.   

    We seek a wealthier Scotland, higher standards of living for the people of Scotland, with action to grow Scotland’s economy.

    A fairer Scotland, with Scotland’s growing wealth shared more fairly so that we can remove the scourge of child poverty in our land.  

    A greener Scotland, with action to maximize the benefits felt by the people of Scotland from our renewable energy wealth, benefits in terms of lower bills and well-paid jobs, and action to reduce emissions and protect and restore our stunning natural environment.  

    And we seek public services that meet, and indeed exceed, the expectations of the people of Scotland. Have no doubt, many already do. But where action is needed to reform and renew, this government will take it.   

    Progress for Scotland underpins each of our priorities and is at the heart of everything we will do.   

    I want a Scotland that we can be proud of, a Scotland that is the best it can possibly be. 

    That ambition is what gets me up every single morning.  

    And, at the very heart of that, is the eradication of child poverty. 

    Last year, when I presented my Programme for Government, I referred to the eradication of child poverty as the moral compass of my government.  It remains so. It will until there is no single child left in poverty in Scotland.   

    It is also, I said, the greatest investment in our country’s future that we can possibly make. 

    And in these times of cost-of-living pressures, that investment becomes ever more important, for these things disproportionately hurt our society’s poorest.   

    That is why, over the course of this Parliament, we increased the Scottish Child Payment from the original proposal that was put to us of a £5 payment to £27.15 and created a broader package of family payments which can be worth roughly £25,000 by age 16.  

    Our policies are making a difference. On average, the lowest income households with children are estimated to be £2,600 a year better off this year as result of Scottish Government policies. By 2029-30 it is expected to grow to an average of £3,700.

    The proportion of children living in relative poverty has reached its lowest level since 2014-15, and Scotland is making deeper, quicker progress here than in the rest of the UK.

    And while the Joseph Rowntree Foundation predicts child poverty will rise in other parts of the UK by 2029, policies such as our Scottish Child Payment, and our commitment to end the cruel two-child limit, “are behind Scotland bucking the trend”.

    But if we want to truly eradicate child poverty in Scotland, we must go further, and I recognise that. We are taking the steps to lift the two-child limit and remain on track to deliver this measure to lift more children out of poverty next April.

    It is also about making sure that public services are more joined up in their response, more family- and person-centred, so that vulnerable families receive the focused help they need rather than simply the help that is available.  

    And, in the coming year, we will consult on, develop, and publish a Tackling Child Poverty Delivery Plan for 2026-31 – outlining the actions we will take with our partners for low-income families across Scotland to keep us on the journey to meet our poverty reduction targets for 2030. I can assure members that this will focus on reducing household costs, boosting incomes through social security, and helping more people into fair and sustainable jobs. All of which play a central part in tackling not only the symptoms but the root causes of poverty in our society.  

    Presiding officer,  

    There is always much more that we are doing than can be mentioned in a short parliamentary statement. 

    I would encourage members, and their constituents, to read the Programme for Government with care.  

    They will see our ongoing commitment to achieving net zero by 2045. Action to maximize the environmental and economic benefits from our vast renewable energy wealth. Steps to decarbonise heating and further decarbonise our transport network.  

    To give just one example, I am proud that we have achieved our target of installing 6,000 public charge points for electric vehicles – 2 years ahead of schedule. But more is needed, which is why, in the year ahead, we will introduce a new rural and island EV infrastructure grant, supporting our commitment to approximately 24,000 additional public electric vehicle charge points by 2030.  

    They will notice the priority we are giving to the ABCs of education, with action in partnership with local government, parents, carers, pupils and schools, to raise attainment and address problems of attendance, to tackle head on behavioural challenges in our classrooms and reform the curriculum so that young Scots are fully equipped to meet the challenges and seize the opportunities of this new age.  

    There is action to help regenerate our town centres.  

    Investment in thousands of new homes.  

    Record funding for the culture sector.  

    New protections for renters.  

    Expansion of dental provision.  

    A focus on additional support needs in our schools and much, much more.  

    Presiding officer, it is a Programme for Government, but also a programme for a better Scotland.   

    A programme for a stronger NHS, for a more resilient Scotland, for a wealthier Scotland.  

    Centred on delivery, providing hope, it is a programme that seeks what is best for Scotland, a Programme for Government that gets our nation on track for success. 

    MIL OSI United Kingdom

  • MIL-OSI Global: Ancient Mars may have had a carbon cycle − a new study suggests the red planet may have once been warmer, wetter and more favorable for life

    Source: The Conversation – USA – By Elisabeth M. Hausrath, Professor of Geoscience, University of Nevada, Las Vegas

    A panorama created from images taken by the rover Curiosity while it was working at a site called ‘Rocknest’ in 2012. NASA/JPL-Caltech/Malin Space Science Systems

    Mars, one of our closest planetary neighbors, has fascinated people for hundreds of years, partly because it is so similar to Earth. It is about the same size, contains similar rocks and minerals, and is not too much farther out from the Sun.

    Because Mars and Earth share so many features, scientists have long wondered whether Mars could have once harbored life. Today, Mars is very cold and dry, with little atmosphere and no liquid water on the surface − traits that make it a hostile environment for life. But some observations suggest that ancient Mars may have been warmer, wetter and more favorable for life.

    Even though scientists observing the surface of Mars conclude that it was once warmer than it is today, they haven’t been able to find much concrete evidence for what caused it to be warmer. But a study my colleagues and I published in April 2025 indicates the presence of carbonate minerals on the planet, which could help solve this puzzle.

    Carbonate minerals contain carbon dioxide, which, when present in the atmosphere, warms a planet. These minerals suggest that carbon dioxide could have previously existed in the atmosphere in larger quantities and provide exciting new clues about ancient Mars’ environment.

    As a geochemist and astrobiologist who has studied Mars for more than 15 years, I am fascinated by Mars’ past and the idea that it could have been habitable.

    Ancient carbon cycle on past Mars

    Observations of Mars from orbiting satellites and rovers show river channels and dry lakes that suggest the Martian surface once had liquid water. And these instruments have spotted minerals on its surface that scientists can analyze to get an idea of what Mars may have been like in the past.

    Today, Mars is very cold, with a thin atmosphere and dry climate. But in the ancient past, it may have been warmer and wetter, with a thicker heat-trapping atmosphere.
    NASA/J. Bell – Cornell U./M. Wolff – SSI via AP, File

    If ancient Mars had liquid water, it would have needed a much warmer climate than it has today. Warmer planets usually have thick atmospheres that trap heat. So, perhaps the Martian atmosphere used to be thicker and composed of heat-trapping carbon dioxide. If Mars did once have a thicker carbon dioxide-containing atmosphere, scientists predict that they’d be able to see traces of that atmospheric carbon dioxide on the surface of Mars today.

    Gaseous carbon dioxide dissolves in water, a chemical process that can ultimately contribute to formation of solid minerals at and below the surface of a planet − essentially removing the carbon dioxide from the atmosphere. Lots of scientists have previously tried to find carbonate minerals on the surface of Mars, and part of the excitement about a warmer, wetter early Mars is that it could have been a suitable environment for ancient microbial life.

    Finding carbonates on Mars

    Previous searches for carbonates on Mars have turned up observations of carbonates in meteorites and at two craters on Mars: Gusev crater and Jezero crater. But there wasn’t enough to explain a warmer past climate on Mars.

    For the past few years, the Mars Science Laboratory Curiosity rover has been traversing a region called Gale crater. Here, the rover’s chemistry and mineralogy instrument has discovered lots of the iron-rich carbonate mineral siderite.

    The Curiosity rover has detected carbonates on Mars’ surface.
    NASA

    As my colleagues and I detail in our new study about these results, this carbonate mineral could contain some of the missing atmospheric carbon dioxide needed for a warmer, wetter early Mars.

    The rover also found iron oxyhydroxide minerals that suggest some of these rocks later dissolved when they encountered water, releasing a portion of their carbon dioxide back into the atmosphere. Although it is very thin, the modern Martian atmosphere is still composed mainly of carbon dioxide.

    In other words, these new results provide evidence for an ancient carbon cycle on Mars. Carbon cycles are the processes that transfer carbon dioxide between different reservoirs − such as rocks on the surface and gas in the atmosphere.

    Potential habitats for past microbial life on Mars

    Scientists generally consider an environment habitable for microbial life if it contains liquid water; nutrients such as carbon, hydrogen, nitrogen, oxygen, phosphorus, sulfur and necessary trace elements; an energy source; and conditions that were not too harsh − not too acidic, too salty or too hot, for example.

    Since observations from Gale crater and other locations on Mars show that Mars likely had habitable conditions, could Mars then have hosted life? And if it did, how would researchers be able to tell?

    Although microorganisms are too small for the human eye to detect, they can leave evidence of themselves preserved in rocks, sediments and soils. Organic molecules from within these microorganisms are sometimes preserved in rocks and sediments. And some microbes can form minerals or have cells that can form certain shapes. This type of evidence for past life is called a biosignature.

    Collecting Mars samples

    If Mars has biosignatures on or near the surface, researchers want to know that they have the right tools to detect them.

    So far, the rovers on Mars have found some organic molecules and chemical signatures that could have come from either abiotic − nonliving − sources or past life.

    The Curiosity rover travels across Mars searching for signs that the planet could have once been habitable.

    However, determining whether the planet used to host life isn’t easy. Analyses run in Earth’s laboratories could provide more clarity around where these signatures came from.

    To that end, the Mars 2020 Perseverance rover has been collecting and sealing samples on Mars, with one cache placed on the surface of Mars and another cache remaining on the rover.

    These caches include samples of rock, soil and atmosphere. Their contents can tell researchers about many aspects of the history of Mars, including past volcanic activity, meteorite impacts, streams and lakes, wind and dust storms, and potential past Martian life. If these samples are brought to Earth, scientists could examine them here for signs of ancient life on another planet.

    Elisabeth M. Hausrath receives funding from NASA, including from the MSL Curiosity rover Participating Scientist Program and the Mars 2020 Perseverance rover.

    ref. Ancient Mars may have had a carbon cycle − a new study suggests the red planet may have once been warmer, wetter and more favorable for life – https://theconversation.com/ancient-mars-may-have-had-a-carbon-cycle-a-new-study-suggests-the-red-planet-may-have-once-been-warmer-wetter-and-more-favorable-for-life-255207

    MIL OSI – Global Reports

  • MIL-OSI: CBAK Energy to Participate in Shenzhen International Battery Technology Conference & Expo on Tuesday, May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 06, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced its participation in the upcoming Shenzhen International Battery Technology Conference & Expo (“CIBF 2025”, or the “Event”), scheduled from Tuesday, May 15, 2025 to Saturday, May 17, 2025.

    Event Details:

    • Date: May 15-17, 2025 (Beijing Time)
    • Location: Shenzhen International Convention & Exhibition Center, One Zhan Cheng Road, Bao’an District, Shenzhen, PRC
    • Booth Number: Booth 12T008, Hall 12

    CBAK Energy’s sales team and R&D department, along with key members of our management, will be attending the Event. All interested parties are welcomed to visit our booth and engage with our team.

    About CBAK Energy
    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    About CIBF 2025
    CIBF 2025 is one of the largest and most influential international exhibitions in the global battery industry. Organized by the China Industrial Association of Power Sources, this event is expected to cover an exhibition area of over 300,000 square meters, with more than 3,000 exhibitors and over 400,000 professional visitors. The event will showcase the latest advancements in power batteries, energy storage solutions, hydrogen fuel cells, battery management systems (BMS), and sustainable energy innovations.

    For more information, plesase visit https://www.bat-expo.com

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    The MIL Network

  • MIL-OSI Russia: Students and scientists discussed modern technologies and energy economics

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Students, postgraduates, young scientists and researchers from leading technical universities took part in the VIII annual international scientific and practical conference “Modern Technologies and Energy Economics” (STEE). The event was held remotely. The organizers were Peter the Great St. Petersburg Polytechnic University, the Belarusian National Technical University and the Kazan State Power Engineering University.

    In order to develop import substitution and localization of technologies in the energy sector, it is extremely important to maintain professional contacts and exchange experience at various scientific sites in Russia and friendly countries, noted Viktor Barskov, Director of the Institute of Energy, in his welcoming speech.

    The event was attended by over 130 representatives from Russia, Belarus, Kazakhstan, Uzbekistan, Iran and other countries. Along with traditional participants – SPbPU, BNTU and KSPEU – this year specialists from industrial enterprises and organizations of Russia and the Republic of Belarus spoke.

    The conference was devoted to five thematic areas: “Economics and Management in Energy”, “Modern Aspects of Thermal and Nuclear Energy”, “Energy-Efficient Technologies”, “IT Technologies in Energy” and “Hydrogen Energy”. The moderator was Olga Novikova, Associate Professor of the Higher School of Nuclear and Thermal Energy of SPbPU.

    The scientists discussed key issues of increasing energy efficiency in mechanical engineering, implementing innovative solutions in renewable energy sources and power engineering. In addition, they considered the assessment of the environmental and economic efficiency of technologies, energy balance analysis, demand management and digitalization of energy data.

    Summing up the event, Olga Novikova suggested that the participants strengthen joint research in promising areas of energy, paying special attention to bioenergy.

    The joint work of KSPEU and SPbPU on modernization of engineering and economic education has proven its effectiveness, and we intend to intensify this cooperation, emphasized Irina Akhmetova, Vice-Rector for Development and Innovations at KSPEU.

    The Belarusian education system has preserved a unique experience in training engineers and economists, which we are ready to share. Of particular interest to us is cooperation in the field of resource-saving technologies and waste recycling, – shared the head of the BNTU department Tatyana Mantserova.

    Following the conference, about one hundred scientific articles were accepted for publication.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI USA: NASA’s Webb Lifts Veil on Common but Mysterious Type of Exoplanet

    Source: NASA

    Though they don’t orbit around our Sun, sub-Neptunes are the most common type of exoplanet, or planet outside our solar system, that have been observed in our galaxy. These small, gassy planets are shrouded in mystery…and often, a lot of haze. Now, by observing exoplanet TOI-421 b, NASA’s James Webb Space Telescope is helping scientists understand sub-Neptunes in a way that was not possible prior to the telescope’s launch.
    “I had been waiting my entire career for Webb so that we could meaningfully characterize the atmospheres of these smaller planets,” said principal investigator Eliza Kempton of the University of Maryland, College Park. “By studying their atmospheres, we’re getting a better understanding of how sub-Neptunes formed and evolved, and part of that is understanding why they don’t exist in our solar system.”

    The existence of sub-Neptunes was unexpected before they were discovered by NASA’s retired Kepler space telescope in the last decade. Now, astronomers are trying to understand where these planets came from and why are they so common.
    Before Webb, scientists had very little information on them. While sub-Neptunes are a few times larger than Earth, they are still much smaller than gas-giant planets and typically cooler than hot Jupiters, making them much more challenging to observe than their gas-giant counterparts.
    A key finding prior to Webb was that most sub-Neptune atmospheres had flat or featureless transmission spectra. This means that when scientists observed the spectrum of the planet as it passed in front of its host star, instead of seeing spectral features – the chemical fingerprints that would reveal the composition of the atmosphere – they saw only a flat-line spectrum. Astronomers concluded from all of those flat-line spectra that at least certain sub-Neptunes were probably very highly obscured by either clouds or hazes.

    “Why did we observe this planet, TOI-421 b? It’s because we thought that maybe it wouldn’t have hazes,” said Kempton. “And the reason is that there were some previous data that implied that maybe planets over a certain temperature range were less enshrouded by haze or clouds than others.”
    That temperature threshold is about 1,070 degrees Fahrenheit. Below that, scientists hypothesized that a complex set of photochemical reactions would occur between sunlight and methane gas, and that would trigger the haze. But hotter planets shouldn’t have methane and therefore perhaps shouldn’t have haze.
    The temperature of TOI-421 b is about 1,340 degrees Fahrenheit, well above the presumed threshold. Without haze or clouds, researchers expected to see a clear atmosphere – and they did!

    “We saw spectral features that we attribute to various gases, and that allowed us to determine the composition of the atmosphere,” said the University of Maryland’s Brian Davenport, a third-year Ph.D. student who conducted the primary data analysis. “Whereas with many of the other sub-Neptunes that had been previously observed, we know their atmospheres are made of something, but they’re being blocked by haze.”
    The team found water vapor in the planet’s atmosphere, as well as tentative signatures of carbon monoxide and sulfur dioxide. Then there are molecules they didn’t detect, such as methane and carbon dioxide. From the data, they can also infer that a large amount of hydrogen is in TOI-421 b’s atmosphere.
    The lightweight hydrogen atmosphere was the big surprise to the researchers. “We had recently wrapped our mind around the idea that those first few sub-Neptunes observed by Webb had heavy-molecule atmospheres, so that had become our expectation, and then we found the opposite,” said Kempton. This suggests TOI-421 b may have formed and evolved differently from the cooler sub-Neptunes observed previously.

    The hydrogen-dominated atmosphere is also interesting because it mimics the composition of TOI-421 b’s host star. “If you just took the same gas that made the host star, plopped it on top of a planet’s atmosphere, and put it at the much cooler temperature of this planet, you would get the same combination of gases. That process is more in line with the giant planets in our solar system, and it is different from other sub-Neptunes that have been observed with Webb so far,” said Kempton.
    Aside from being hotter than other sub-Neptunes previously observed with Webb, TOI-421 b orbits a Sun-like star. Most of the other sub-Neptunes that have been observed so far orbit smaller, cooler stars called red dwarfs.
    Is TOI-421b emblematic of hot sub-Neptunes orbiting Sun-like stars, or is it just that exoplanets are very diverse? To find out, the researchers would like to observe more hot sub-Neptunes to determine if this is a unique case or a broader trend. They hope to gain insights into the formation and evolution of these common exoplanets.
    “We’ve unlocked a new way to look at these sub-Neptunes,” said Davenport. “These high-temperature planets are amenable to characterization. So by looking at sub-Neptunes of this temperature, we’re perhaps more likely to accelerate our ability to learn about these planets.”
    The team’s findings appear on May 5 in the Astrophysical Journal Letters.
    The James Webb Space Telescope is the world’s premier space science observatory. Webb is solving mysteries in our solar system, looking beyond to distant worlds around other stars, and probing the mysterious structures and origins of our universe and our place in it. Webb is an international program led by NASA with its partners, ESA (European Space Agency) and CSA (Canadian Space Agency).
    To learn more about Webb, visit:
    https://science.nasa.gov/webb
    Downloads
    Click any image to open a larger version.
    View/Download all image products at all resolutions for this article from the Space Telescope Science Institute.

    Laura Betz – laura.e.betz@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.
    Ann Jenkins – jenkins@stsci.eduSpace Telescope Science Institute, Baltimore, Md.
    Hannah Braun – hbraun@stsci.eduSpace Telescope Science Institute, Baltimore, Md.

    Webb Blog: Reconnaissance of Potentially Habitable Worlds with NASA’s Webb
    Video: How to Study Exoplanets
    Article: Webb’s Impact on Exoplanet Research
    Video: How do we learn about a planet’s Atmosphere?
    Learn more about exoplanets
    More Webb News
    More Webb Images
    Webb Science Themes
    Webb Mission Page

    What is the Webb Telescope?
    SpacePlace for Kids
    En Español
    Ciencia de la NASA
    NASA en español 
    Space Place para niños

    MIL OSI USA News

  • MIL-OSI Asia-Pac: New metal-free organic catalyst can produce hydrogen fuel by harvesting mechanical energy

    Source: Government of India

    Posted On: 05 MAY 2025 4:58PM by PIB Delhi

    Researchers have developed a novel, cost-effective, metal-free porous organic catalyst for efficient H2 production by harvesting mechanical energy.

    In order to reduce the global warming and related impact of fossil fuels, transition towards sustainable alternatives based on renewable energy becomes increasingly critical. Green hydrogen (H₂) fuel has emerged as a game-changing renewable and clean-burning energy source, which generates no direct carbon emissions and only water as a by-product when used in fuel cells. Recognizing the critical role of green H2 in sustainable energy, the Government of India launched the National Green Hydrogen Mission to drive large-scale production, promote research and innovation, and position the country as a global leader in H2 economy.

    Among the environmentally benign methods of H2production, overall water splitting stands out as an effective and scalable technique that relies on a catalytic strategy since the reaction is energetically uphill. Piezocatalysis has emerged as a promising catalytic technology which harvests mechanical perturbations with a piezoelectric material to generate charge carriers that are utilized to catalyze water splitting.

    In recent groundbreaking research work, Professor Tapas K. Maji  from Chemistry and Physics of Materials Unit at Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) Bengaluru (an autonomous institution under the Department of Science & Technology, Govt. of India) and his research team have developed a metal-free donor-acceptor based covalent-organic framework (COF) for piezocatalytic water splitting. This study published in Advanced Functional Materials demonstrates a Covalent organic framework (COF) built from imide linkages between organic donor molecule tris(4-aminophenyl)amine (TAPA) and acceptor molecule pyromellitic dianhydride (PDA) acceptor exhibiting unique ferrielectric (FiE) ordering, which showed efficient piezocatalytic activity for water splitting to produce H2.

    This discovery breaks the traditional notion of solely employing heavy or transition metal-based ferroelectric (FE) materials as piezocatalysts for catalyzing water splitting reaction. Conventional FE materials have limited charges confined at the surface only which usually lead to quick saturation of their piezocatalytic activity. In contrast, FiE ordering in a COF provides a multifold enhanced number of charges at the pore surfaces owing to the large local electric fields. The sponge-like porous structure of a COF allows the diffusion of water molecules to efficiently access and utilize these charge carriers for catalysis, giving ultra-high H2production yields and outperforming all oxide-based inorganic piezocatalysts.

    Figure: Schematic showing piezocatalytic water splitting by a metal-free donor-acceptor based covalent organic framework.

    Using a simple donor molecule like TAPA and an acceptor molecule like PDA, Prof. Maji and his research team have built a COF system that has strong charge transfer properties, which creates dipoles (separation between positive and negative charges).

    The TAPA units have a unique propeller-like shape, where their benzene rings twist and tilt to break the flat symmetry of the structure, helping it reach a more stable, lower-energy state. Prof. Umesh V. Waghmare and his team from JNCASR, who are collaborators of the study, showed using theoretical analyses that this COF has an unusual electronic structure with energy bands that couple and resonate with each other by dipolar ordering. This causes instability in the lattice structure, leading to FiE ordering. These FiE dipoles interact with flexible twisting molecular motion in the material, making them responsive to mechanical pressure. As a result, the material can generate electron-hole pairs when mechanically stimulated, making it a highly efficient piezocatalyst for water splitting for H2 production. The team comprises four other researchers from JNCASR: Ms. Adrija Ghosh, Ms. Surabhi Menon, Dr. Sandip Biswas and Dr. Anupam Dey.

    Apart from JNCASR, Dr. Supriya Sahoo and Prof. Ramamoorthy Boomishankar from  Indian Institute of Science Education and Research, Pune and Prof. Jan K. Zaręba from Wrocław University of Science and Technology, Poland made important contributions to the present interdisciplinary study.

    The utilization of a cost-effective, metal-free system with a high production rate of H2 by harvesting mechanical energy opens up a new route to green H2 based on porous heterogeneous catalysts.

    ***

    NKR/PSM

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    MIL OSI Asia Pacific News

  • MIL-OSI USA: Sen. Banks, Rep. Mrvan Push for Northwest Indiana Hydrogen Hub

    Source: United States House of Representatives – Congressman Frank J. Mrvan (IN)

    Washington, D.C – Senator Jim Banks (R-Ind.) and Representative Frank Mrvan (IN-01) sent a bipartisan letter to Energy Secretary Chris Wright urging the Trump administration to prioritize Northwest Indiana as a regional Hydrogen Hub.  They highlighted the region’s unmatched manufacturing strength, existing energy infrastructure, and readiness to lead in blue hydrogen production using natural gas and carbon capture.  The lawmakers argued that investing in Indiana’s hydrogen project would support President Trump’s push for American energy dominance, create jobs, lower costs, and strengthen the U.S. industrial base for decades to come.

    In part, the letter reads:  “Prioritizing a Hydrogen Hub in Northwest Indiana is a bold, pro-America decision that plays to our state’s strengths.  Indiana offers the Hoosier workforce, infrastructure and industrial knowledge to deliver results fast.  This project is a key step in strengthening America’s energy dominance, ensuring we remain the world leader in energy production while creating jobs and boosting economic growth.  We respectfully ask that the Administration make the Hydrogen Hub project in Indiana a top priority.”

    The full text of the letter is below and a pdf is available here.

    We write today to express our strong support for the ongoing development of blue hydrogen energy in Northwest Indiana’s industrial corridor. 

    This region is home to a dense manufacturing hub, containing the largest inland oil refinery and two of the largest integrated steel production facilities in our nation.  For over a century, major industry titans have made decisions to invest and locate along Northwest Indiana’s Lake Michigan shoreline.  As a result, Hoosiers in the Northwest region and across the state have been world leaders in manufacturing.

    Keeping in line with President Trump’s efforts to bolster American energy, this Hydrogen Hub presents a significant opportunity to expand energy production.  In particular, the Whiting “Refinery in Northwest Indiana is an ideal location for blue hydrogen production, which is produced from clean and reliable natural gas using carbon capture technology.  Blue hydrogen offers a quick, cost-effective solution by utilizing existing infrastructure, and will provide a scalable energy source capable of meeting immediate energy demands.  Investing in blue hydrogen production at this facility will bolster existing supply chains and will best position the United States for energy dominance. 

    Further, we believe the success of the hydrogen energy project will support the Administration’s stated goal to reshore our critical industries and strengthen our manufacturing base.  With our region’s established downstream infrastructure, midstream pipeline capacity and manufacturing prowess, the continued support for this project will ensure that our energy and steel industries remain well positioned for success into the next century. 

    Notably, the Whiting Refinery in Northwest Indiana can process up to 440,000 barrels of crude oil daily and would be an ideal site to locate a regional Hydrogen Hub.  Continuing this project means investing in Hoosiers and a state that delivers.  Indiana is ready to lead the way in blue hydrogen innovation, strengthening American manufacturing, boosting our domestic energy supply and lowering costs by maximizing the potential of our abundant and reliable fossil fuel resources.

    Prioritizing a Hydrogen Hub in Northwest Indiana is a bold, pro-America decision that plays to our state’s strengths.  Indiana offers the Hoosier workforce, infrastructure and industrial knowledge to deliver results fast.  This project is a key step in strengthening America’s energy dominance, ensuring we remain the world leader in energy production while creating jobs and boosting economic growth.  We respectfully ask that the Administration make the Hydrogen Hub project in Indiana a top priority.

    Thank you for your consideration.

    ###

    MIL OSI USA News

  • MIL-OSI Russia: The Asian Development Bank has provided Georgia with a 98 million euro loan for an energy saving and clean hydrogen project

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Tbilisi, May 5 (Xinhua) — The Asian Development Bank (ADB) has provided Georgia with a 98 million euro (about 110.7 million U.S. dollars) loan for an energy conservation and clean hydrogen sector development project, the Georgian Finance Ministry said on Monday.

    As specified by the department, the loan agreement was signed by the Minister of Finance of Georgia Lasha Khutsishvili and the head of the ADB Resident Mission in Georgia Leslie Berman Lam.

    The project includes the installation of a climate-friendly energy storage system (BESS) at the Ksani substation in eastern Georgia, exploration of opportunities for the production and use of green hydrogen, practical training in the operation of the BESS, and exchange of technical knowledge with Georgian State Electricity System.

    The implementation of the project will ensure increased sustainability, flexibility and security of the Georgian power system, improve the quality of energy supply, and contribute to the country’s energy independence.

    ADB’s Georgia-related portfolio currently stands at about $5.1 billion. –0–

    MIL OSI Russia News

  • MIL-OSI Global: Marine fossil found in South Africa is one of a kind, thanks to unusual preservation

    Source: The Conversation – Africa – By Sarah Gabbott, Professor of Palaeontology, University of Leicester

    A fossilised creature found in a South African roadside quarry 25 years ago has finally got an official name. The small, segmented, crustacean-like creature, dated to 444 million years ago, can now be introduced as Keurbos susanae. It belongs to the arthropod group of animals, which accounts for about 84% of all known species that exist today, including insects, spiders and crabs.

    Palaeontologist Sarah Gabbott explains what’s so unusual about her discovery, which she named as part of the process of describing it scientifically.

    What can you tell us about this creature and the environment it lived in?

    The fossil is about 50cm long and has 46 almost identical segments. Projecting from each is a delicate, gill-like structure. It would probably have looked like a bit like a horseshoe crab and the gills would have been for absorbing oxygen from the water it lived in. Its insides are exquisitely well-preserved, which is very unusual for fossils – normally only the hard, more decay-resistant external features would be preserved. You can see bundles of muscle fibres that would have powered the limbs, tendons and an internal scaffold structure that gave the animal rigidity.

    We think it would have spent most of its life living on, or more likely just above, the seafloor, probably walking and swimming in an undulatory (waving) motion.

    It lived in the immediate aftermath of the end Ordovician extinction event more than 440 million years ago, caused by glaciations (the spread of icy conditions) across vast swaths of the planet. This extinction wiped out about 85% of Earth’s species. The marine basin that Keurbos susanae inhabited was probably very cold and at times covered with sea ice.

    It was a relatively hostile environment in other ways too. Our analyses of the chemistry of the shales – the sediments on the sea bed where this animal and others lived, now turned to rock – shows that they were deposited under anoxic conditions (that is, there was no oxygen circulating freely in the water). And at times free hydrogen sulfide occurred in the sediment porewaters (the water in tiny spaces between grains of sediment) and even above the seafloor. Not much could live in these conditions and this was critical to this fossil’s amazing preservation.

    It meant the carcass was not scavenged by other animals after it died. Also, the chemistry was important in the process whereby the soft tissues, which should usually rot away rapidly, became mineralised quickly after death. This turned the animal’s anatomy to mineral which survived for hundreds of millions of years until it was discovered.

    It is preserved “inside out”.

    Keurbos susanae is a new genus and species which we are still trying to place among other early arthropods. The fact that its insides are better preserved than its outside makes it difficult to compare with other fossils that are preserved the “other way round”.

    How did you find the fossil and what else has been found in that area?

    The site is in the Cedarberg mountains, north of Cape Town. To collect fossils in this area you need a permit granted by the Council for Geoscience. Fossil-bearing rocks are protected by law because of their heritage and scientific value.

    Fossil hunting in these rocks takes a lot of hard work and patience, splitting open the shales with a hammer and chisel. These shale rocks are what’s left of layers of silt that were once on the sea floor. The fossils here are super rare: you can dig and split shale for days and not find a single fossil! But we know there are some in there because of discoveries made previously.

    I found two specimens. The first one is complete but the second one only has the middle part of the body preserved.

    In the same rocks we have found some of the earliest vertebrate fossils with mineralised teeth, called conodonts. They were eel shaped and predatory. Also eurypterids (sea scorpions), arthropods with powerful swimming appendages, which would have cruised through the frigid waters. There are also orthocones – a type of chambered cephalopod – like the mollusc fossils called ammonites, which have been found in large numbers, but with a straight shell instead of coiled.

    Why has it taken 25 years to describe Keurbos susanae scientifically?

    Two reasons really.

    First, because of the nature of preservation, where all the insides are perfectly preserved but the outside (the carapace or body covering) is absent, it is just difficult to interpret and compare to other fossils. And secondly because the specimen’s head and legs are missing and these are key characteristics that palaeontologists would use to help them to understand the evolutionary relationships of such fossils.

    If more specimens were to be found, with their heads and legs, we could be more certain about where this fossil fitted in the scheme of life. But the site where I found it has been covered in a lot of rock from quarrying activity. So we decided to describe what we had in the meantime, and not wait for more examples.

    The fossil’s name, Keurbos susanae, refers to the place where I found it and to my mother, Sue, who encouraged me to follow a career that made me happy, whatever that might be.

    Sarah Gabbott receives funding from Natural Environmental Research Council; National Geographic. She is affiliated with Green Circle Nature Regeneration CIC a not for profit Environmental Community Interest Company in the UK

    ref. Marine fossil found in South Africa is one of a kind, thanks to unusual preservation – https://theconversation.com/marine-fossil-found-in-south-africa-is-one-of-a-kind-thanks-to-unusual-preservation-255256

    MIL OSI – Global Reports

  • MIL-OSI Africa: Marine fossil found in South Africa is one of a kind, thanks to unusual preservation

    Source: The Conversation – Africa – By Sarah Gabbott, Professor of Palaeontology, University of Leicester

    A fossilised creature found in a South African roadside quarry 25 years ago has finally got an official name. The small, segmented, crustacean-like creature, dated to 444 million years ago, can now be introduced as Keurbos susanae. It belongs to the arthropod group of animals, which accounts for about 84% of all known species that exist today, including insects, spiders and crabs.

    Palaeontologist Sarah Gabbott explains what’s so unusual about her discovery, which she named as part of the process of describing it scientifically.

    What can you tell us about this creature and the environment it lived in?

    The fossil is about 50cm long and has 46 almost identical segments. Projecting from each is a delicate, gill-like structure. It would probably have looked like a bit like a horseshoe crab and the gills would have been for absorbing oxygen from the water it lived in. Its insides are exquisitely well-preserved, which is very unusual for fossils – normally only the hard, more decay-resistant external features would be preserved. You can see bundles of muscle fibres that would have powered the limbs, tendons and an internal scaffold structure that gave the animal rigidity.

    We think it would have spent most of its life living on, or more likely just above, the seafloor, probably walking and swimming in an undulatory (waving) motion.

    It lived in the immediate aftermath of the end Ordovician extinction event more than 440 million years ago, caused by glaciations (the spread of icy conditions) across vast swaths of the planet. This extinction wiped out about 85% of Earth’s species. The marine basin that Keurbos susanae inhabited was probably very cold and at times covered with sea ice.

    It was a relatively hostile environment in other ways too. Our analyses of the chemistry of the shales – the sediments on the sea bed where this animal and others lived, now turned to rock – shows that they were deposited under anoxic conditions (that is, there was no oxygen circulating freely in the water). And at times free hydrogen sulfide occurred in the sediment porewaters (the water in tiny spaces between grains of sediment) and even above the seafloor. Not much could live in these conditions and this was critical to this fossil’s amazing preservation.

    It meant the carcass was not scavenged by other animals after it died. Also, the chemistry was important in the process whereby the soft tissues, which should usually rot away rapidly, became mineralised quickly after death. This turned the animal’s anatomy to mineral which survived for hundreds of millions of years until it was discovered.

    It is preserved “inside out”.

    Keurbos susanae is a new genus and species which we are still trying to place among other early arthropods. The fact that its insides are better preserved than its outside makes it difficult to compare with other fossils that are preserved the “other way round”.

    How did you find the fossil and what else has been found in that area?

    The site is in the Cedarberg mountains, north of Cape Town. To collect fossils in this area you need a permit granted by the Council for Geoscience. Fossil-bearing rocks are protected by law because of their heritage and scientific value.

    Fossil hunting in these rocks takes a lot of hard work and patience, splitting open the shales with a hammer and chisel. These shale rocks are what’s left of layers of silt that were once on the sea floor. The fossils here are super rare: you can dig and split shale for days and not find a single fossil! But we know there are some in there because of discoveries made previously.

    I found two specimens. The first one is complete but the second one only has the middle part of the body preserved.

    In the same rocks we have found some of the earliest vertebrate fossils with mineralised teeth, called conodonts. They were eel shaped and predatory. Also eurypterids (sea scorpions), arthropods with powerful swimming appendages, which would have cruised through the frigid waters. There are also orthocones – a type of chambered cephalopod – like the mollusc fossils called ammonites, which have been found in large numbers, but with a straight shell instead of coiled.

    Why has it taken 25 years to describe Keurbos susanae scientifically?

    Two reasons really.

    First, because of the nature of preservation, where all the insides are perfectly preserved but the outside (the carapace or body covering) is absent, it is just difficult to interpret and compare to other fossils. And secondly because the specimen’s head and legs are missing and these are key characteristics that palaeontologists would use to help them to understand the evolutionary relationships of such fossils.

    If more specimens were to be found, with their heads and legs, we could be more certain about where this fossil fitted in the scheme of life. But the site where I found it has been covered in a lot of rock from quarrying activity. So we decided to describe what we had in the meantime, and not wait for more examples.

    The fossil’s name, Keurbos susanae, refers to the place where I found it and to my mother, Sue, who encouraged me to follow a career that made me happy, whatever that might be.

    – Marine fossil found in South Africa is one of a kind, thanks to unusual preservation
    – https://theconversation.com/marine-fossil-found-in-south-africa-is-one-of-a-kind-thanks-to-unusual-preservation-255256

    MIL OSI Africa

  • MIL-OSI: Aemetis to Review First Quarter 2025 Financial Results on May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., May 05, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its first quarter 2025 earnings report:

    Date: Thursday, May 8, 2025

    Time: 11 am Pacific Time (PT)

    Live Participant Dial In (Toll Free): +1-877-545-0523 entry code 761021 

    Live Participant Dial In (International): +1-973-528-0016 entry code 761021

    Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/52416

    Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call.

    The webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings.

    The voice recording will be available through May 15, 2025 by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52416. After May 15th, the webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network

  • MIL-OSI Africa: Petrotec Expands Fuel Station Network, Joins Angola Oil & Gas (AOG) 2025 as Silver Sponsor

    Source: Africa Press Organisation – English (2) – Report:

    LUANDA, Angola, May 5, 2025/APO Group/ —

    European manufacturer Petrotec has joined the upcoming Angola Oil & gas (AOG) conference as a Silver Sponsor, reflecting its commitment to supporting the expansion of the country’s oil and gas value chain. The company leverages innovation and technology to strengthen mobility and seeks to support Angola’s downstream expansion through new mobility solutions.

    As one of Africa’s largest oil producers, Angola is striving to position itself as both a major exporter and regional petroleum distributor. A recent government drive to expand the downstream oil sector has seen new opportunities emerge for infrastructure players, and companies such as Petrotec stand to play an instrumental role in accelerating the development of fuel stations and associated projects.

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Petrotec has committed to supporting Angola’s fuel mobility expansion. In 2024, the company hosted a delegation by Angola’s national oil company Sonangol at various Petrotec facilities, enabling Petrotec to showcase its cutting-edge solutions and technologies. The visit included a tour of the company’s research and development unit, exploring Petrotec’s vision for the future of mobility; a tour of the innovation and industry center, showcasing the company’s latest forecourt equipment and technologies; and its new industrial unit in Póvoa de Lanhoso, set to produce Hellonext’s sophisticated EV chargers. Sonangol additionally conducted a tour of various fuel station sites in the region, thereby strengthening knowledge-exchange between the companies.

    With over 40 years of experience, Petrotec offers substantial expertise in the manufacturing of equipment for fuel stations. The company’s solutions cover the entire mobility value chain, including electric mobility, hydrogen, infrastructure, fuel pumps, storage solutions, engineering and payment and automation. For Angola, this expertise stands to support efforts by the country to strengthen its downstream industry. Petrotec’s sponsorship of AOG 2025 underscores its commitment to this cause and is expected to further boost collaboration across the industry.

    MIL OSI Africa

  • MIL-OSI United Kingdom: Ambitious Fleet Decarbonisation Strategy approved by Councillors

    Source: Scotland – City of Perth

    The Climate Change and Sustainability Committee considered the local authority’s Fleet Decarbonisation Strategy.

    The Council has already slashed carbon emissions by switching 18 of its refuse vehicles to Hydrotreated Vegetable Oil rather than diesel – delivering an estimated annual reduction in CO2 emissions of 500 tonnes.

    Now the Council is looking to build on this success by using new technologies to further reduce the emissions from its vehicles.

    The Fleet Decarbonisation Strategy states a mixed model of decarbonisation will be required, with HVO and diesel used until advances in technology increase the range of electric vehicles,or enable hydrogen to be used as a viable and affordable fuel source.

    Refuse Collection Vehicles (RCVs) based at outlying depots in Blairgowrie, Crieff, Kinross, and Pitlochry will transition to using HVO fuel by June 2025, potentially saving 725 tonnes of CO2 per annum.

    The report also sets out the need to invest in additional charging points to support the transformation of the council’s fleet of small vehicles – cars and vans under 3.5 tonnes – to electric vehicles.

    Councillor Richard Watters, convener of Perth and Kinross Council’s Climate Change and Sustainability Committee, said: “The Scottish Government has set a target of reducing greenhouse gas emissions within the next five years and reaching net zero by 2045.

    “Cars, vans and lorries all produce greenhouse gases, so it is vital we take steps to reduce these emissions.

    “There is already fantastic work underway in Perth and Kinross with many of our bin lorries now running on HVO instead of diesel. Although this is a more expensive fuel, it is already significant reducing our CO2 emissions.

    “Expanding this scheme, and remaining alert to other new technologies will help us meet our net zero targets and reduce pollution in Perth and Kinross. This is not something that will happen overnight, but it is crucial we set out a roadmap on how we reach that destination.”

    MIL OSI United Kingdom

  • MIL-OSI China: At 4,534 meters above sea level, they help monitor world climate change

    Source: People’s Republic of China – State Council News

    In the early morning, Shi Kaihao struggles to run against the wind. The sharp breeze cuts through his clothes, but he is focused on his task: dragging a two-meter-diameter hydrogen balloon to the sky.

    Twice a day, with the help of his colleagues, he fills the balloon with hydrogen, hangs sensors that measure temperature, humidity, wind speed and other meteorological data at the bottom of the balloon, and releases it into the air.

    Shi, 28, works at the Tuotuohe Meteorological Station at an altitude of 4,534 meters, located at the source of the Yangtze River in the city of Golmud, northwest China’s Qinghai Province.

    This photo taken with a mobile phone shows a staff member inflating a weather balloon at the Tuotuohe Meteorological Station in northwest China’s Qinghai Province, March 21, 2025. (Xinhua/Li Linhai)

    Since its establishment in 1956, meteorologists have been stationed there, obtaining precious meteorological data and contributing to the climate observation on the Qinghai-Tibet Plateau, known as “the roof of the world.”

    Releasing balloons in this high-altitude area is no easy feat, considering the oxygen content in the air is less than 60 percent of that at sea level and the maximum wind speed reaches 17 meters per second. Even in spring, temperatures remain far below freezing, and the thin air makes every movement exhausting.

    “Sometimes, some of our slighter colleagues get dragged by the wind while running to release the balloon, ending up thrown hard to the ground,” said Shi.

    In addition to upper-air meteorological observations, he and his colleagues carry out fieldwork including permafrost monitoring, temperature measurements and ecological surveys.

    This photo taken with a mobile phone shows a staff member adjusting a meteorological observation device at the Tuotuohe Meteorological Station in northwest China’s Qinghai Province, June 30, 2024. (Golmud’s meteorological bureau/Handout via Xinhua)

    Miao Peilin, head of the station, said the upper-air detection measurements contribute to global meteorological data exchange, providing a vital reference for studying worldwide weather patterns and climate change on the Qinghai-Tibet Plateau.

    “Despite various hardships, we know that our meteorological observation data is of great significance,” said Miao, 36.

    The station now has nine workers. Miao not only works with the team on daily weather monitoring tasks but also takes care of his colleagues, aged between 25 and 30. He said many young people struggle to adapt here, spending years in solitude.

    “After working here for a while, even traffic in the city feels scary,” he said.

    A staff member operates a meteorological observation device at the Tuotuohe Meteorological Station in northwest China’s Qinghai Province, March 21, 2025. (Xinhua/Qi Zhiyue)

    The station keeps a cat and this lively little companion brings joy to their otherwise quiet and routine-filled days.

    Over the decades, the station has witnessed enormous changes. Wang Shengcang, the observation center director of Golmud’s meteorological bureau, used to work in the station for 12 years, starting in 1993. Back then, before the railway line had been built, he and his colleagues had to hitch a lift on trucks to get to the station from the city proper. The trip took up to two days if it was snowy. Supplies were scarce, often little more than potatoes and cabbage.

    “A monthly letter from home became my meager comfort,” said Wang, now 54.

    The working conditions there have greatly improved, with makeshift facilities transformed into brick-and-mortar houses and dormitories with an oxygen supply.

    Staff members pose for a group photo at the Tuotuohe Meteorological Station in northwest China’s Qinghai Province, March 21, 2025. (Xinhua/Qi Zhiyue)

    Equipment upgrades have also enhanced meteorological data automation and accuracy. In 2023, the new BeiDou satellite-based navigation sounding system became operational, enabling real-time acquisition of second-level atmospheric data during the ascent, float and descent stages of weather balloons. This significantly enhances vertical atmospheric sounding capabilities and greatly improves meteorological support for disaster prevention and mitigation.

    Data from the Tuotuohe Meteorological Station shows that over the past 30 years, the average annual temperature in the area has risen by 1.1 degrees Celsius, annual precipitation has increased by 13.8 percent, and the number of sandstorm days has decreased from an average of 11.1 days per year to 5 days compared with the 1971-2000 period.

    Zhang Chengxiang, head of Golmud’s meteorological bureau, said that rising temperatures and increased precipitation confirmed the warming and humidification trend of the Qinghai-Tibet Plateau. At the same time, the decrease in sandstorms and strong winds is attributed to ecological conservation efforts such as desert control and grassland restoration in nearby regions like the Sanjiangyuan, an area that contains the headwaters of the Yangtze, Yellow and Lancang rivers.

    “The data serves as strong evidence of climate change on the Qinghai-Tibet Plateau and provides important references for permafrost research and ecological management on the plateau,” he said.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Strengthening India-Belgium Partnership: Shri Piyush Goyal Meets Belgian Minister of Foreign Trade Mr. Theo Francken and Minister-President of Flanders Mr. Matthias Diependaele

    Source: Government of India

    Posted On: 04 MAY 2025 7:55PM by PIB Delhi

    Union Minister of Commerce and Industry, Shri Piyush Goyal, held a productive meeting in Brussels on 2nd May 2025 with Belgian Minister of Defence and Foreign Trade Mr. Theo Francken and Minister-President of the Flanders region Mr. Matthias Diependaele to strengthen the Indo-Belgian partnership across trade, technology, investment, and innovation. This engagement follows the March 2025 visit of HRH Princess Astrid of Belgium to India, where her meeting with Prime Minister Narendra Modi underscored the shared ambition to unlock new avenues for collaboration in trade, technology, defence, agriculture, life sciences, innovation, skilling and academic exchanges. The over 300-member Belgian Economic Mission, led by Princess Astrid, infused fresh momentum into this dynamic bilateral relationship. Both sides reaffirmed their commitment to building on this momentum to forge resilient, future-focused ties that enhance mutual growth and contribute to a more integrated global economic framework.

    The discussions highlighted growing economic synergies and focused on scaling bilateral trade, fostering industrial collaboration, and deepening investments in strategic sectors such as semiconductors, clean energy, defence production, and pharmaceuticals.The Flanders region, recognized as Belgium’s economic engine, was highlighted as a critical partner with its advanced manufacturing ecosystem, R&D infrastructure, and its strategic role as a European gateway. With India already the world’s fastest-growing major economy and widely expected to remain so over the next two decades ahead—driven by a young, aspirational population and a dynamic reform-oriented environment—the growth story presents an unprecedented opportunity for India and Belgium.

    The two sides reaffirmed their shared vision of mutual prosperity and resilient economic cooperation amidst evolving global challenges. Minister Goyal reflected on India’s transformative economic journey over the past decade, emphasizing reforms that have empowered citizens and entrepreneurs alike. “The last eleven years have not only been about economic upliftment, but about enabling aspirations,” he stated.

    The meeting also reviewed progress in EU–India Free Trade Agreement (FTA) negotiations, with both parties recognizing the need to address tariff and non-tariff barriers to enhance market access. Minister Goyal reiterated India’s position as a trusted and long-term economic partner for Europe’s growth, remarking, “India is not just a market of the future—it is a collaborator of trust.”

    Belgium remains one of India’s most significant economic partners in Europe. It is India’s 5th largest trading partner within the EU, with bilateral trade reaching USD 15.07 billion in 2023–24. Belgian FDI in India has totaled USD 3.94 billion from April 2000 to September 2024, including a remarkable 39% growth—USD 1.1 billion—in the past year alone. Bilateral cooperation spans a wide array of sectors including defence manufacturing, green hydrogen, nano-electronics, nuclear medicine, and pharmaceutical R&D, reflecting the expanding depth and strategic nature of the Indo-Belgian economic relationship. Both sides agreed to strengthen high-level engagements and facilitate regular visits by business delegations to accelerate trade and investment outcomes.

    ***

    Abhishek Dayal/Abhijith Narayana

    (Release ID: 2126845) Visitor Counter : 56

    MIL OSI Asia Pacific News

  • MIL-OSI USA: MATSUI CONDEMNS REPUBLICAN EFFORT TO REPEAL CALIFORNIA’S CLEAN AIR ACT WAIVERS

    Source: United States House of Representatives – Congresswoman Doris Matsui (D-CA)

    WASHINGTON D.C. – Today, Congresswoman Doris Matsui (CA-07), Co-Chair of the House Sustainable Energy and Environment Coalition, released the following statement rebuking House Republicans’ effort to eliminate the Environmental Protection Agency’s Clean Air Act waivers for California’s Advanced Clean Trucks, Advanced Clean Cars II, and Heavy-Duty Low NOx Omnibus rules. 

    “The evidence is overwhelming: clean air saves lives. That’s why I have spent my career in Congress fighting for stronger emissions standards and cracking down on toxic air pollution,” said Congresswoman Matsui. “For over 50 years, California has used its Clean Air Act authority to lead the way on strong, forward-thinking air pollution standards. Our policies serve as a national blueprint – showing how to cut emissions, drive innovation, create good jobs, lower costs at the pump, and protect families from harmful pollutants. This is a blatant, unlawful attempt to undermine decades of progress and double down on dirty fossil fuels. We must stop wasting everyone’s time and start working for the American people.”

    Last month, the Government Accountability Office reiterated a 2023 decision that California’s Clean Air Act waivers were not subject to the Congressional Review Act (CRA). The Senate Parliamentarian has affirmed this determination, ruling that the CRA cannot be used to overturn California’s waivers. 

    Congresswoman Matsui has spearheaded efforts in Congress calling for stronger emissions standards for cars and trucks. Under the first Trump Administration, the Congresswoman led opposition to President Trump’s attempts to revoke California’s pollution standards, and the Congresswoman successfully fought for the reinstatement of California’s authority under the Biden Administration.

    In March of 2021, she led a letter with 70 of her colleagues urging the Biden Administration to take action to reinstate California’s Clean Air Act waiver and restore the Obama-Biden tailpipe emission and fuel economy standards. In July of 2021, she led a follow up letter with then Energy and Commerce Chairman Frank Pallone and 139 of her colleagues to reiterate the importance of reinstating the California Clean Air Act waiver.

                                                   

    # # #

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces new tax credits that will generate $2.1 billion investment in world’s 4th largest economy

    Source: US State of California 2

    May 2, 2025

    What you need to know: As part of the California Jobs First initiative, the state is awarding $30.5 million in tax credits to seven companies committed to creating new jobs and investing over $2.1 billion across key industries like clean energy, advanced manufacturing, logistics, and consumer goods.

    SACRAMENTO — Governor Gavin Newsom today announced the  Governor’s Office of Business and Economic Development (GO-Biz) awarded $30.5 million in California Competes Tax Credit (CalCompetes) awards to seven companies, supporting the creation of new jobs and spurring more than $2.1 billion in new private investment across the state.

    “California is where innovation meets opportunity — and these investments prove it. From clean energy to advanced manufacturing, these companies are creating good-paying jobs and driving billions in private investment. We’re building a stronger, bottom-up economy that works for all Californians.”

    Governor Gavin Newsom

    The awardees represent a diverse range of sectors critical to California’s future:

    • Element Resources is investing $1.85 billion in a hydrogen fuel manufacturing facility in Lancaster.
    • Fuse Energy Technologies is bringing fusion energy R&D to San Leandro and the East Bay, with a $152 million in investment.
    • Legendary Foods will expand food manufacturing across Bell and Santa Monica, with over $70 million in investment.
    • Ariat International is expanding its San Leandro headquarters and design operations, investing $19 million.
    • Marine Terminals Corporation will invest $8 million to expand port operations in Port Hueneme, supporting logistics and supply chain infrastructure.
    • Cloacina will manufacture wastewater treatment equipment in Arroyo Grande, with a $3.9 million investment.
    • Rural Power Systems will scale water pump manufacturing in Davis, investing $9.15 million.

    “These awards reflect the incredible diversity and strength of California’s economy,” said Dee Dee Myers, Senior Advisor to Governor Newsom and Director of GO-Biz. “Whether it’s rural communities or urban innovation hubs, companies across the state are choosing to grow here because of our unmatched talent, infrastructure and vision for the future.”

    Since 2013, California Competes has awarded tax credits to more than 1,200 businesses, creating nearly 160,000 jobs, and resulting in more than $50 billion of private investment across the state.

    Over the past five years, CalCompetes has invested in companies such as Pacific Steel to construct the first steel mill in California in more than 50 years in Kern County; Relativity Space to expand their ability to manufacture 3D-printed rockets to carry satellites into space; AES to expand solar energy and battery storage operations across the state; and many more.

    See Full Award Details Here

    California Jobs First: A bold plan, realized locally

    In February, Governor Newsom released the California Jobs First Economic Blueprint – a new economic vision for California’s future. The Blueprint, which is being implemented by the nine state agencies on the California Jobs First Council, outlines key initiatives to support regional growth, invest in 21st century job training, create an attractive environment for job creators and strengthen California’s innovation economy – all to help increase access to good-paying jobs for Californians.

    California’s economic leadership

    With a nation-leading GDP and more Fortune 500 companies than any other state, California’s economy remains a global powerhouse driven by diversity, creativity and opportunity.

    • 4th Largest Economy in the World: California’s $4.1 trillion GDP recently surpassed Japan.
    • #1 in the Nation: Leads the U.S. in Fortune 500 companies, new business starts, venture capital access, manufacturing output, high-tech industries and agriculture.
    • Major Trade Powerhouse: Over $675 billion in two-way trade, making California the largest importer among U.S. states and a key driver of job creation.
    •  Manufacturing Hub: Home to 36,000+ manufacturing firms, employing over 1.1 million workers, with strengths in aerospace, electronics, and zero-emission vehicles.
    • AI & Innovation Leader: California hosts 32 of the world’s top 50 AI companies and produces 25% of global AI patents and conference papers.

    Recent news

    News LOS ANGELES — California First Partner Jennifer Siebel Newsom today joined students, mental health professionals, and athletes at two schools in Pasadena and the Boys & Girls Clubs of the Peninsula’s East Palo Alto Clubhouse to celebrate Move Your Body, Calm…

    News What you need to know: For the second year in a row, California’s Department of Finance released data showing the Golden State’s population grew. In 2024, the state added more than 100,000 residents. SACRAMENTO — Today, Governor Gavin Newsom announced that…

    News What you need to know: House Republicans used an illegal tactic to attempt to overrule California’s clean cars and trucks program that has decreased smog and protected Californians’ health. SACRAMENTO — Governor Gavin Newsom issued the following statement today…

    MIL OSI USA News

  • MIL-OSI Global: Britain’s nuclear future? What small reactors, fusion and ‘Big Carl’ mean for net zero

    Source: The Conversation – UK – By Tomas Martin, Associate Professor in Materials Physics, University of Bristol

    Former UK prime minister Tony Blair recently argued nuclear power is an “essential part of the answer” to net zero. Writing in the foreword of a report by his thinktank, the Tony Blair Institute, he claimed small modular nuclear reactors, nuclear fusion and other advanced technologies can help lower the emissions of the electricity sector.

    It’s worth looking at what these technologies involve, and how far off the UK is from integrating them into its electricity system. But we should first recognise great progress in the electricity sector in the past 15 years, and how dramatic reductions in the cost of wind and solar have led to huge increases in renewable capacity across the globe.

    The UK completely removed all coal-fired power in 2024, largely replaced by offshore wind and gas. However, relying on any one technology makes an electricity grid less resilient, and nuclear is zero-carbon and can help stabilise the grid when so much electricity comes from intermittent renewables.

    Historically, nuclear has contributed around 15% to 25% of the UK’s electricity supply, however most reactors have closed or are approaching the end of their life. The fleet of 26 Magnox reactors built in the 1960s finished operation by 2015 and are now being decommissioned.

    Over the past three years three other sites have also closed, with the remainder currently anticipated to run until 2028-2030. At this point, what was once 41 reactors will have shrunk to just Sizewell B, a power plant operational on the Suffolk coast since 1995.

    Replacing this drop in electricity production must be a big priority. The construction of two new reactors at Hinkley Point C in south-west England started in 2016 but won’t finish until at least 2029. Significant planning has taken place for an identical site at Sizewell C in Suffolk, and a final decision is expected shortly.

    The pressurised water reactor design at these two sites produces significantly more electricity than past UK designs, and these four reactors will together produce 6.4GW of electricity, replacing all 14 of the reactors that are retiring.

    Supporting the construction of new reactors at Hinkley Point and Sizewell is essential for maintaining the UK’s electricity supply, but basically returns the country to the status quo. Beyond, there are number of exciting new developments.

    SMRs

    Small modular reactors (SMRs) and advanced modular reactors (AMRs) have frustratingly similar names, but have become the main way to categorise the two options. The “small” in SMRs is because they produce between 30MW and 300MW of electricity, compared to 1,600MW for each reactor at Hinkley Point C.

    The “modular” is driven by a desire to produce multiple identical reactors at once in a factory, rather than constructing on site. This can dramatically reduce manufacturing and installation time, potentially making them much cheaper.

    A combination of new SMRs and one or two new Hinkley C-sized reactors would enable UK nuclear capacity to expand beyond the status quo in the 2030s, further reducing the carbon emissions of the electricity sector.

    The next generation

    Further into the future, exciting research is taking place on the next “generation IV” nuclear designs: advanced modular reactors (AMRs).

    Some AMRs can run at much higher temperatures, which could help decarbonise tricky industries like steelmaking or produce hydrogen for energy storage or low-carbon plane fuel. Some designs can even reuse nuclear waste, reducing how long it needs to be stored safely.

    Even further in the future, nuclear fusion – the same process that powers the sun – could offer clean electricity without producing long-lasting radioactive waste. The UK is supporting this by building a demonstration fusion plant called STEP which aims to start operating by 2040.

    One of the biggest criticisms of nuclear is the cost. Building a nuclear plant is a massive project that can take many years or even decades. Hinkley Point C, for example, has up to 10,000 workers and more than 100 cranes on site, including the world’s biggest crane “Big Carl”.

    Because plants take so long to build, the money is borrowed years before any electricity is generated, gathering significant interest in the meantime. These interest payments can ultimately make up as much as two-thirds of the total cost.

    A new funding model, similar to that used for big infrastructure projects like Crossrail, should lower costs.

    But once a nuclear plant is built and paid off, it’s one of the cheapest ways to generate electricity – especially as modern reactors can run for up to 80 years. That’s why government support to cover upfront construction costs can pay off in the long run.

    The previous UK government ambition was to build 24GW of new nuclear power by 2050 – about four times more than the country has today. However, the current government has not confirmed it will stick to this target.

    To get there, the UK would need to approve several new nuclear projects every few years starting in 2030, which will require major investment in skills, resources and collaborations.

    We urgently need to decarbonise our energy system, and future nuclear reactors can play an important role in that alongside renewables and other technologies.

    Tomas Martin receives funding from EDF and the Royal Academy of Engineering as part of the Royal Academy of Engineering Senior Research Fellowship scheme. His research work includes projects sponsored by EDF, UKAEA and UKNNL.

    ref. Britain’s nuclear future? What small reactors, fusion and ‘Big Carl’ mean for net zero – https://theconversation.com/britains-nuclear-future-what-small-reactors-fusion-and-big-carl-mean-for-net-zero-255797

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Bid to lead hydrogen-powered future

    Source: Scotland – City of Aberdeen

    Aberdeen City Council is aiming to establish a “hydrogen valley” in the North East that integrates production, storage, and end-use applications. 

    The TH2ISTLE project could significantly contribute to the region’s decarbonisation goals, aligning with Scotland’s 2045 net-zero target. 

    Aberdeen is bidding for £7.7 million funding from the Clean Hydrogen Partnership under the Horizon Europe programme.  

    The city, long recognised as one of Europe’s energy capitals, has been at the forefront of hydrogen innovation for over a decade. 

    Cllr Christian Allard, Co-leader of Aberdeen City Council, said: “The TH2ISTLE project represents a bold step towards a sustainable future for North East.  

    “By harnessing the power of hydrogen, Aberdeen is set to lead the way in energy transition, driving economic growth, job creation, and environmental sustainability.  

    “With our rich energy heritage, skilled workforce, and strong partnerships, Aberdeen is the perfect location to spearhead this transformative initiative.”  

    Cllr Ian Yuill, Co-leader of Aberdeen City Council, said: “We have been at the forefront of hydrogen innovation for over a decade, and the TH2ISTLE project is a testament to our dedication to a greener future. 

    “The region’s extensive experience in energy production and its strategic location near significant renewable resources, such as offshore wind, further enhance its suitability for this initiative.” 

    By integrating five hydrogen production sites across the region, TH2ISTLE would ensure a steady supply of green hydrogen, reducing reliance on fossil fuels and enhancing energy security. 

    The project is expected to produce up to 627 tonnes of hydrogen per year by 2028, with the potential to scale up significantly. Total investment, including leveraged national and regional funding, could reach £62 million. 

    It could generate between 700 and 1,000 jobs during the initial deployment phase, with long-term projections of up to 13,000 jobs by 2030 through the development of new skills and training programmes – particularly targeting the region’s existing oil and gas workforce, which has a wealth of transferable skills.  

    The TH2ISTLE project brings together a diverse consortium of 30 partners.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Dame Angela McLean’s speech at the Royal Institution

    Source: United Kingdom – Executive Government & Departments

    Speech

    Dame Angela McLean’s speech at the Royal Institution

    This is a draft text of the speech ‘Discourse: The future of engineering biology’ delivered by Government Chief Scientific Adviser Professor Dame Angela McLean at The Royal Institution on 25 April 2025.

    I want to start by asking you all to think about how you got here tonight.

    I don’t mean in some philosophical sense; that kind of question is better left to other speakers. I mean literally: how did you make your way, here, to the Royal Institution?

    If you’re anything like me, you relied on Google Maps to show you the way (although I may be obliged to say “Other providers are available”). Perhaps you also used your phone to pay for the bus or Tube.

    If you’re joining us online – hello to you all! – you’ll be watching on a phone, tablet or laptop. So, one way or another, most of us made it here thanks to 1 of these devices.

    Now I want you to think about the battery in your phone. Chances are it’s a lithium-ion battery. And if you came in an electric car or bus, you would also have depended on a lithium-ion battery.

    The advantage of lithium-ion batteries compared to traditional alkaline batteries – the kind you may still put in the back of your TV remote – is that they can provide more energy and are rechargeable. People old enough to have depended entirely on alkaline batteries for many more devices besides the TV remote will remember the frustration when they ran out of power – and trying to cobble together another set of batteries to get them working again. Our phones may go dead, but it’s simple and convenient to recharge them.

    But there is a downside, namely all the metals that go into making these modern batteries and electrical products, including lithium, cobalt and other rare earth elements.

    Getting hold of these metals is hard. Most are currently extracted and purified from compounds in rocks, a process which can be very energy-intensive as well as very polluting.

    Recycling and reusing these same metals is also hard.

    This is the periodic table of the elements created by Dmitri Mendeleev, first published in 1869 and subsequently presented right here at the Royal Institution some 20 years later.

    How many elements do you think are used in electronic products?

    Electronic products can contain up to 60 different elements – around 52 of them metals (those are the elements highlighted in blue on the slide) – and we currently rely on inefficient and environmentally damaging methods to isolate and recycle individual metals.

    Indeed, many electronic items cannot be recycled. They simply go to landfill. This is already a serious issue and it’s 1 that will only get worse as global demand for electronics increases.

    Well, what if I told you that researchers here in the UK have identified naturally occurring bacteria, which have the ability to extract and recycle metals from this sort of waste?

    Hats off to anyone in the audience familiar with the strain of bacteria called Shewanella oneidensis MR-1, which can remove manganese from lithium-ion batteries. Or the bacteria Desulfovibrio alaskensis, which is capable of precipitating cobalt out from a mixture of the different metals and chemicals in lithium-ion batteries.

    I’m only aware of these bacteria thanks to amazing research taking place in the UK, including by Louise Horsfall’s group at the University of Edinburgh. Louise’s team have been collaborating with researchers from across the country as part of the ReLib project, which stands for the reuse and recycling of lithium-ion batteries.

    Actually, 1 of the funders for this project is the Faraday Institution, the UK’s flagship battery research programme named for the great Michael Faraday whose desk is in front of me.

    On his desk I have a few items to use to help explain battery recycling.

    Louise’s team have primarily been focused on recycling metals from large lithium-ion batteries used in electric vehicles. However, they can be pretty large – too large for me to bring here tonight. Nevertheless, many of you will know what a lithium-ion battery looks like from your phone – and the science behind how we can recycle these batteries is no different.

    Once lithium-ion batteries reach the end of their life they can be disassembled and shredded using mechanical methods to produce this. In this case, the shredded material has come from part of the battery called the cathode, which contains lots of the metals we want to recycle.

    Once we’ve dissolved this shredded material using chemical or biological methods, we get this solution here… called metal leachate. This contains the useful metals we’re interested in and it’s at this point that we introduce the bacteria I mentioned earlier.

    The bacteria collect and excrete specific metals as tiny nanoparticles which we can recover to give us something like this… which is manganese that Louise’s team has produced in the way I’ve just described from this exact process! We can then use this manganese to build new batteries or other devices.

    You might be wondering what do we do with what’s left behind in the leachate solution. Well, after the bacteria have done their work we are left with this biobrine which is rich in lithium – and resembles what you might find in lithium deposits in South America. This too can be used to make new batteries.

    And I’m not just talking about using a few types of microorganism to improve the extraction and recycling of 1 or 2 metals. There appear to be lots of different microbes out there capable of extracting different metals. Indeed, it’s possible that the bacteria have evolved this capability in a way that detoxifies their own environment, collecting up and excreting harmful metals and so not being poisoned.

    So if we use combinations of these bacteria and we tweak the characteristics of these strains, we can increase the efficiency with which metals are purified and recycled from waste.

    That word tweaking is important and it doesn’t do justice to the science involved. What we’re really talking about is engineering existing microbes to extract and recycle metals.

    Extracting metals from the ground is a hugely expensive and damaging process. It looks rather like this:

    What you can see on the bottom part of this slide is an open cast manganese mine.

    And once we’re finished with products needing such metals, we throw them away. The top part of this slide shows a landfill site after a fire. There have been reports of lithium-ion batteries causing fires at landfill sites across the world.

    With engineering biology, we only need to remove metals from the ground once; thereafter they can become part of a genuine circular economy through continual re-use.

    We use physics, chemistry and engineering to get them out of the ground but then we can and should use biology and engineering to keep recycling them.

    And this is just 1 example of what is within our grasp thanks to the power and potential of the scientific field called engineering biology.

    I’m speaking about engineering biology this evening because I believe it could be the most significant branch of science for decades to come.

    I want to explain why I think that’s the case – and to share my excitement about this field for 2 main reasons.

    The first is that the science and engineering involved in this field is, frankly, beautiful.

    The second – and more important – reason is that both current and future applications will make a huge difference to the everyday lives of people in the UK and across the world.

    I’m here to try to convince you of both these things, but if I can convince you of only 1, I want it to be the latter.

    I’m really keen for people to recognise that the scientists and engineers in this field are working to  produce solutions that most, if not all, of us can agree are necessary… urgently necessary even.

    To kick off, I ought to say that – as Government Chief Scientific Adviser – my role is to advise the Prime Minister and the Government on all matters related to science, technology and engineering.

    The job – and the advice – is a mixture of proactive and reactive work. It covers everything from providing scientific and technical advice during a national emergency to explaining the risks and opportunities around emerging technologies like artificial intelligence and engineering biology.

    Now, in getting to grips with the promise of engineering biology, I did have a little bit of a head start.

    I am a mathematical biologist by background. My own research focused on using mathematical models to improve our understanding of the evolution and spread of infections like measles and HIV.

    I don’t, however, have any background in engineering, nor in biochemistry. So I have had to get up to speed over the past few years.

    At this point let me explain what engineering biology actually is.

    Engineering biology involves applying engineering to biological processes in order to bend biology to our will.

    In other words, it’s the practice of using ideas and tools taken from engineering to design and modify living organisms or biological systems.

    Using tools and ideas developed over recent decades, the goal is to develop new materials and energy sources; to improve animal, plant and human health; to address environmental issues in new and sustainable ways.

    What we’re talking about is the ability to harness and control biology predictably, repeatably and – I’ve said this already – usefully. Sometimes that will mean working with what’s already available in nature; at other times, it will involve genetic modification techniques.

    Let me unpack some of this a bit further.

    Firstly, on the engineering side. Here, I want to start with the design-build-test-learn cycle – DBTL for short.

    This approach has been central to product development in engineering disciplines for some time. It drives continuous refinement and innovation, making research and development faster and more efficient.

    In engineering biology, design-build-test-learn is brought to bear on biological processes – by which I mean the activities occurring within living organisms.

    Image of the design-build-test-learn cycle. Each element is located in a different quarter and all 4 quarters make up a circle.

    Essentially, I’m talking about designing something biological – like a version of a cell, or it could be a biological process (such as cell division) or a genetically-engineered system…

    Then building it, maybe in the lab…

    Then testing it to see how well it works…

    Before finally, and perhaps most importantly, learning from what did and didn’t work and then feeding the lessons into another round of design, making improvements again and again around this cycle, towards an end goal.

    This looks like being a more efficient way of recycling metals, to use the case study I gave at the start.

    And why is this approach necessary? Well, because living organisms are highly complex, with many different parts and networks of interactions between those parts.

    One could argue that physical or chemical systems are a bit more straightforward, more predictable, more easily quantifiable. We’ve been using this design-build-test-learn process to bend chemistry and physics to our will for more than a century – very successfully.

    The complex and often unpredictable nature of biological systems means we need to work through multiple permutations to get to a desired outcome – and that’s where the engineering in engineering biology comes in.

    If we can get this approach right – and I’m going to offer some further examples later showing where we already are – then we have the power to systematically develop biological systems to meet some of the biggest challenges we face.

    Let me be more definitive. If the nineteenth century was chemistry’s golden age, and the twentieth century was the same thing for physics, I believe the twenty-first century should be the golden age for biology.

    Why am I so optimistic?

    This century can belong to biology because of a series of extraordinary advances in scientific understanding.

    Where to begin? Of course, we have spent thousands of years modifying the living world.

    But I’m not going to go all the way back to the domestication of wild crops. I’m not even going back to Darwin and Mendel.

    Instead I’ll start with Watson, Crick and Wilkins – as well as the often overlooked Rosalind Franklin; 3 of the 4 received a Nobel Prize in 1962. By determining the structure of DNA, they discovered what we can call the language of biology.

    Understanding the structure of DNA opened the door to reading this complex language, then editing it, then actually writing it ourselves.

    Our ability to read DNA took a big step forward thanks to Walter Gilbert and Fred Sanger, who shared half of the 1980 Nobel Prize in Chemistry. Gilbert and Sanger did lots of work to understand the building blocks of DNA – the nucleotide alphabet of biology, if you like.

    The next game-changer was in 1983 when an American biochemist, Kary Mullis, developed something called the Polymerase Chain Reaction. Better known as PCR, it is a laboratory technique that’s used to make copies of particular pieces of DNA. Think of it as a photocopier for DNA.

    The technique lets scientists easily – and cheaply – create many millions of copies of DNA segments from very small original amounts – and that makes reading the DNA in a sample possible even if it is only there in tiny amounts.

    You will all have become familiar with PCR during the Covid pandemic, when it was used to make many copies of the viral genetic material to allow reliable diagnosis of a Covid infection. That was the test where you did a swab, popped it in a test tube and then sent it away in the post. It was particularly important early on, before we had home testing kits.    

    The invention of PCR also earned a share of the 1993 Nobel Prize in Chemistry – that’s DNA Nobel number 3.

    Fast forward 10 years to 2003 and the completion of the Human Genome Project. Researchers across the world spent some 13 years cataloguing the precise sequence of all the DNA in the cells of a human being. It was a huge effort and that first whole genome sequence of a human cost an estimated £2.5 billion.

    Thankfully – but also remarkably – sequencing technology has come on leaps and bounds over the past 20 years. Now, it is possible to sequence the same amount of DNA analysed by the Human Genome Project in a single day – and for just a few hundred pounds! We’ve even developed pocket-sized machines which are capable of reading DNA in real-time.

    In fact, I have 1 here: a portable sequencing device made by Oxford Nanopore. You simply add your sample into the middle here – this contains the sensor that will help to read the DNA sequence of your sample. Then simply close the lid and press go. And the results are delivered straight to your laptop via a USB-C cable which plugs into the end here.

    This is useful for situations where we can’t send off a sample for analysis and wait days for the results – if, say, we’re urgently trying to identify the cause of an infection in some far-flung corner of the world.

    So… we’ve learned to amplify DNA using PCR and we’ve learned to read DNA – fast – using rapid sequencing technologies.

    We’ve also started learning – and do emphasise “started” – to accurately and precisely “edit” DNA.

    Previously, when we wanted to do this, the methods were somewhat cruder – such as gene guns, which were used to literally fire DNA into cells.

    We now have tools like CRISPR-Cas9 (another Nobel prize-winning technology developed by Emmanuelle Charpentier and Jennifer Doudna), and we can now take a targeted portion of DNA and change it very accurately in specific places. Some people have compared CRISPR to using a pair of genetic scissors.

    Some of you might be wondering whether engineering biology is any different from another common term: synthetic biology. They are often applied interchangeably, although different countries interpret them in different ways.

    The way I see it, synthetic biology refers to tools like CRISPR, used to design and build new biological components. Engineering biology is taking these tools – with or without genetic modification – and using the DBTL cycle to apply these tools at scale to find solutions to problems in the world around us.

    There are still challenges with the accuracy of such tools, but the possibilities are vast.

    We know that certain diseases are caused by mutations in a single gene. Sickle cell disease, for example, is caused by mutations in the beta-globin gene, resulting in red blood cells which are misshapen. As a result, these red cells don’t flow around the body as well as they should. This can cause those affected – roughly 17,500 people in the UK – to suffer from anaemia as well as complications like terrible pain and organ damage.

    In the past, the only treatment was to rely on regular blood transfusions or a bone marrow transplant, neither of which comes without risks or complications. However, researchers have been using CRISPR to precisely edit the gene responsible for sickle cell with great success – so much so that, in January this year, the treatment was approved for use in the NHS as the world’s first gene-editing treatment for blood disorders.

    And this is just 1 of many gene-editing clinical trials going on right now, including treatments for liver disease, heart disease and some cancers.

    The possibilities are not confined to human diseases. We can use these genetic scissors to develop crops that are better at withstanding drought and more resistant to insects, so we don’t have to rely so much on pesticides.

    And it’s these tools that are being used to modify the bacteria designed for metal recycling that I spoke about at the start.

    Now, it would be remiss of me to talk about the tools of the future without mentioning AI and the transformative impacts it could have.

    A prime example is the challenge of understanding and predicting how proteins fold up intricately and precisely in all of our cells. Decoding this process is something scientists have been trying to achieve for decades.

    And in 2018, DeepMind came along with its AI model AlphaFold. AlphaFold has since been used to calculate the structure of hundreds of millions of proteins. And, yes, it earned the UK’s Demis Hassabis a share of last year’s Nobel prize in chemistry.

    Timeline starting with images of James Watson, Francis Crick, Maurice Wilkins and Rosalind Franklin above the year 1962. Images of Walter Gilbert and Frederick Sanger are next to the year 1980. Image of Kary Mullis is next to the year 1993. Images of Emmanuelle Charpentier and Jennifer Doudna are below the year 2020 and an image of Demis Hassabis is below the year 2024.

    All that’s missing on my timeline now is the capacity to design a new protein from scratch de novo. That will bring us into the realm of being able to write the language of biology – designing and printing a sequence of synthetic DNA to produce a protein with the properties that we want, from scratch.

    I’ve just been talking about how technologies such as AI, and tools such as CRISPR, are helping to broaden the range of biological powers at our disposal and increase our ability to design and optimise biological systems.

    And all this comes with valid concerns about risks. An example which springs to my mind was when scientists in Australia created a version of a mouse virus back in 2001 that instead of causing the normal mild symptoms, killed all of the mice within nine days. They were conducting some innocent genetic engineering research to try and make a mouse contraceptive vaccine for pest control and inadvertently found a way of creating a much more deadly version of the mousepox virus. Unsurprisingly, this made quite a splash in the media – although I think it was good that such a story was not buried.

    The point I want to make is that we must develop the right practices and regulation so that we ensure that research is carried out safely and responsibly but we do not stifle innovation.

    We refer to this as “responsible innovation” and it is 1 of the pillars of our government vision for engineering biology. That has given rise to new guidance on which genetic sequences people should be allowed to order for their research – welcome progress.

    Having the UK take a lead in this kind of responsible innovation – where we are thinking carefully about the desired benefits of our research as well as about how to avoid negative impacts – lets us manage the risks and harness the wealth of opportunities that engineering biology can offer.

    There are also other challenges to overcome. What’s standing in the way of us exploiting engineering biology for good? I won’t dwell for long on this, because you’re here to hear about science, not policy – but it is important to talk about the barriers.

    We’ve already spoken about proper regulation for engineering biology. We also need to have proper ways of funding the basic research that drives this wonderful new technology and also the application of that research that lets us solve real-world problems. Then there’s also the task of making more people aware of the potential for progress here.

    But a key area for me – and also a common issue across all areas of science and technology – is making sure we have the right skills in our future workforce to perform the future jobs that come with new technologies.

    The skill set for engineering biology is particularly broad: the field is a combination many different skill-sets and mindsets. Mostly we train people either to become biologists or to become engineers, and for this technology we need people who can think with both those mindsets. So we need to think about a pipeline which starts in schools, with children getting the right grounding in key subjects – and children also hearing about the exciting careers they can pursue through developing and using the technologies I’ve talked about.

    I think it’s vital that we don’t think exclusively about technical skills: communication skills are extremely important too. It’s a wonderful thing to do pioneering, cutting-edge research but we also need to be able to explain what that’s about and why people should want it.

    So far, I’ve told you a bit about what engineering biology is and how we’ve got to this point, poised for biological century. I’ve also talked a bit about risks and challenges, but I think it’s now time to delve further into the applications that I think are so inspiring.

    Today, I launched a report called “Engineering Biology Aspirations”. It’s our attempt to share our excitement about the possibilities that this technology opens up – and we want to share it with everyone, my colleagues inside government and also much more widely.

    It contains case studies, written by UK-based experts, that illustrate some of the diverse problems we can address using engineering biology. Microbial metal extraction is 1 of them. I want to highlight some others during the rest of this talk – and to recognise some of the amazing research taking place in the UK.

    One of the reasons that I commissioned the report is that all too often, when someone mentions engineering biology or synthetic biology, the examples will involve vaccines or medicines.

    Of course those are fantastic, important applications: with the Covid pandemic such a fresh memory, we are all acutely aware of the life-saving importance of rapid and effective vaccine production. And I’m in awe of those researchers who can edit the gene that causes sickle cell disease.

    But I want to make sure that we also shine a light on the true breadth of opportunities that engineering biology presents, not only in health, but across agriculture, materials, chemicals, energy, defence.

    So, let’s shift gear and think about the fashion industry. Unlike metal recycling, it’s a sector familiar to all of us. We all buy and wear clothes, but we don’t often stop to think about where they’ve come from, how they’ve been made, and at what cost to the environment.

    Putting aside issues around workforce conditions and waste, the fashion industry is 1 of the world’s largest polluters, responsible for up to 8 per cent of carbon emissions globally…

    Not to mention the pollution generated in the form of clothing and textiles dumped in landfills, like this 1 in Bangladesh, never to biodegrade.

    At the same time, 1/5 of the pollution of clean water around the world is caused by dyeing and treating textiles.

    And there’s also growing awareness of the environmental damage caused by the microfibres shed by polyester clothing.

    So it’s no surprise that plenty of researchers and companies here in the UK and beyond are seeking inspiration from biological processes to make new materials that don’t rely on fossil fuels or on animal products such as leather.

    You may have been wondering why there are bottled drinks and a handbag beside each other on the Faraday desk. Well, they’re made of essentially the same material.

    The process of making both items starts with microbes that naturally produce a material called nanocellulose.

    In the case of Mogu Mogu – a coconut water drink you might find in your local supermarket – the nanocellulose is responsible for the lumps of jelly you can see in this bowl. 

    It is a polymer produced through fermentation – the same process used to make beer.

    Now, 1 company I visited last year is called Modern Synthesis, based in South London and founded by Jen Keane and Ben Reeve. They’re aiming to develop scalable solutions to meet the fashion industry’s need for high-performing, versatile materials that don’t pollute the planet.

    Modern Synthesis make nanocellulose fibres and then combine them with textiles such as cotton or linen to create new composites. These are then finished with natural coatings like waxes and oils to improve performance and to enhance look and feel, which are of course critical to customers. The result is this handbag!

    Image of black, biologically derived material

    And on the slide behind me, you can see in more detail the fibres that make up the handbag. These miniscule nanocellulose fibres are actually really, really strong – 8 times stronger than stainless steel relative to weight!

    Modern Synthesis is just 1 example of a pioneering UK company making waves in this area. Another example is Solena Materials who are using AI to help design completely new materials from scratch, including fibres that are effective at absorbing energy. This makes them relevant for the military and the police, who need blast-, ballistic- and stab-proof clothing. As the ex-Chief Scientific Adviser for the Ministry of Defence, it’s great to see engineering biology applications offering benefits for defence.

    Developing new materials like these can significantly reduce greenhouse gas emissions compared to traditional material production. This includes minimising the environmental impacts of raising livestock for leather or the energy-intensive processes involved in creating synthetic textiles such as polyesters and nylons. Better still, these materials can be designed for biodegradability, getting away from the big problem of plastic pollution.

    Allow me to quote from our report for a second: “Imagine a world where every piece of your clothing has minimal cost to the environment, with zero waste going to landfills. Even if a piece of clothing is accidentally discarded into the environment, it safely biodegrades to leave no trace of its existence. This is the future of fashion, and engineering biology is helping to make it happen.”

    Let me move now to another pervasive problem: inefficiencies in food production. Most of you will be aware that fertilisers are used by farmers across the world to supply nitrogen to their crops. Without fertilisers, yields suffer.

    But there are 2 problems. First, the process for making nitrogen fertilisers is very energy-intensive. It’s responsible for between 1 and 2% of the entire world’s energy use – and generates matching CO2 emissions. Second, using fertilisers has considerable environmental impacts, releasing further greenhouse gas emissions and damaging waterways thanks to fertiliser runoff from fields.

    This slide shows excessive algae growth – a common impact of fertiliser runoff – in the River Wantsum in Kent.

    Currently, farmers across the world use more than 200 million tonnes of chemical fertilisers every year.

    Diagram showing molecules of nitrogen and hydrogen converted into molecules of ammonia, with a chemical equilibrium sign betweem ammonia and molecules of nitrogen that combine with molecules of hydrogen

    Now, this ability to produce nitrogen at scale – via the Haber-Bosch process – was without question the most important chemical breakthrough of the 20th century. The reaction that underpins this industrial process is shown behind me – converting nitrogen and hydrogen into ammonia, which is commonly used in fertilisers. It was discovered by Fritz Haber. Over half the global population depends for survival on foods fertilised using industrial production of nitrogen. But for the reasons I’ve outlined, we do need to do better.   

    So how can engineering biology help?

    What if we could engineer cereals crops to absorb their own nitrogen from the environment, without relying on fertilisers? We call that “fixing” nitrogen.

    There are actually examples of this happening in nature. There are bacteria in the soil called rhizobia which are particularly good at fixing nitrogen; in fact, they convert nitrogen gas from the atmosphere into ammonia – which is precisely the form of nitrogen that plants need. Legumes such as peas, clover and lupins attract these rhizobia bacteria to live in their roots – in small structures called nodules. In return for a steady supply of ammonia, the plant houses and feeds the bacteria, forming an ideal symbiotic relationship.

    Behind me is an illustration of a plant with root nodules… but in classic Blue Peter style, here are a couple I grew earlier!

    This clover plant from my lawn has nodules on its roots – but, because they are a bit tiny, I have also brought a photo of the same plant.

    For these sort of plants, we can already coat their seeds with rhizobia and achieve increases in yields. And we can even go a step further by adding the bacteria directly to fields in a process called soil inoculation.

    But the trouble with cereal crops like wheat, barley and maize is that they don’t have those root nodules and nor do they produce the special signalling chemicals that legumes use to attract bacteria.

    Image showing a clover plant with roots that have small circular nodules on them in the bottom left-hand corner and a sweet-corn plant with roots without nodules in the top right-hand corner

    Here is another plant that I’ve brought in from my garden. This 1 is sweet-corn, a variety of maize and a major cereal crop worldwide. You can see its roots here on the top part of the slide… no nodules! These kinds of crops do not set up this kind of symbiotic relationship with nitrogen-fixing bacteria.

    So what researchers, like Phil Poole at the University of Oxford, are doing is trying to engineer a new generation of fertiliser-free crops, drawing on plant genetics, biochemistry and soil ecology.

    One approach, given what I’ve just described, is to engineer cereals to form nodules on their roots that can host nitrogen-fixing bacteria.

    The UK is leading the way on this – Oxford and Cambridge universities have major programmes backed by investment from our research councils and from the Gates Foundation. In fact, the teams involved work together as part of a larger collaboration, and have recently made some significant advances, engineering barley to form nodule-like structures and engineering barley roots to release the chemical signal rhizopine that prompts rhizobia to start fixing nitrogen.

    The design-build-test-learn cycle I described earlier is a part of this research. All of the progress made so far has built on round after round of modifying, testing and redesigning organisms.

    There are still many hurdles to overcome, both from a technical perspective and societally; genetic modification of crops is a very sensitive issue. But the value of the prize here is large, and I think scientists should not be shy about describing it.

    Imagine a world where humanity’s main source of carbohydrates – cereal crops like wheat and barley – are able to generate their own nitrogen fertiliser.

    We could tackle global food shortages on a much more sustainable basis and at the same solve 1 of the most urgent climate challenges, consigning industrially-produced nitrogen to the past.

    Now, let’s just think about crops in a further context, because harvesting doesn’t have to be the end of their engineering biology journey!

    At the start of this talk, I name-dropped a couple of bacterial strains in relation to metal recycling. Well the biologist in me can’t help but tell you another 1 – this time being a type of bacteria called Halomonas.

    Researchers like Nigel Scrutton up at the University of Manchester, are engineering these bacteria to act as efficient factories for converting food waste into fuel via fermentation. When I say factories, I’m not talking about the massive industrial sites we would normally associate with fuel production.

    This photo is of Fawley oil refinery in Hampshire.

    Diagram showing drawings representing bacteria, food waste feedstock, a cylinder that produces fuel and container. The diagram shows that the result of feeding bacteria and food waste feedstock is fermentation that then produces fuel, which can be housed in a portable and scalable container

    By contrast, these fuel-producing bacteria can be housed in different-sized containers like the ones on this slide – some of them not too dissimilar to shipping containers.

    The beauty of this technology, therefore, is that it is inherently portable and scaleable to meet demand – with transformative implications for remote areas of the world where energy infrastructure can be scarce. And crucially, these are cleaner, fossil-free fuels that can be used to power homes, businesses, even aircraft.

    Let’s focus on that last application for a second. At the moment, the aviation industry relies almost completely on kerosene-based fuels, which account for a staggering 3% of global CO2 emissions.

    Burning fossil fuels is generally accepted as the main cause of global warming, so it is essential that we find ways to transition to sustainable sources of energy.

    Engineering biology solutions like Nigel’s can therefore play a significant role in creating a future without fossil fuels. One of the benefits of using bacteria to turn waste into useful fuels is that this can create another circular economy in which we no longer need to extract and burn more and more harmful fossil fuels; instead we recycle the carbon we already have.

    Personally, I think the environmental benefits are reason enough to get excited by this technology. But 1 of the great benefits of bacteria-fuel factories is how portable they are! In other words, they remove the need for large-scale bioreactor infrastructure.

    Imagine a world where clean fuels could be produced locally and on demand – including in all those remote and sparsely populated regions which currently struggle to access the fuels they require.

    Now, I argued just a moment ago that I want to convince people that engineering biology is about so much more than vaccines and medicines – and I hope that I’ve surprised at least some of you with the breadth of the examples I’ve described so far.

    But I do have 1 example from medicine that is just too fascinating to leave out, and that’s research into laboratory-grown blood.

    Why would we need such a product?

    Currently, the world relies almost entirely on human blood donations to treat disease and for emergency medicine. In many countries, including the UK, donation rates fluctuate, and shortages can happen. On top of that, donated blood has a limited shelf life. It is challenging to store and challenging to distribute. When you consider the fact that some countries don’t have the infrastructure to deliver blood products safely, or think about conflict or humanitarian emergencies, the problems associated with donated blood become even clearer.

    There are a few more issues too. It can be very difficult to source some rare blood types. And although blood services of course use screening to avoid known pathogens, there is always a risk of new ones arising, and being passed on to patients who receive blood transfusions.

    For all these reasons, finding new ways to produce blood would be another game changer, and, once more engineering biology can help us.

    Researchers, like Ash Toye at the University of Bristol, are exploring the possibility of banking unlimited supplies of red blood cells, either by transforming stem cells or genetically reprogramming donated precursor blood cells.

    What you can see on the screen is a beautiful illustration by artist Claudia Stocker, which provides a visualisation of CRISPR – the “genetic scissors” technology I mentioned earlier – being used here to edit the genetic material of the precursor cells that will go on to become red blood cells.

    The part of the image to focus on is the centre of the slide and specifically the spiral spools of DNA emanating from the big blue circle in the middle – the cell that will eventually give rise to the red blood cells around the outside of the slide. The little blue doughnuts represent the CRISPR technology in action, actively and precisely editing the DNA as we have instructed it to do.

    This editing can enable us to produce precursor cells that can grow and divide indefinitely in a controlled environment, giving us unlimited blood supplies.

    The Bristol team pioneering this research has been working closely with NHS Blood and Transplant and other partners in a ground-breaking clinical trial called RESTORERESTORE being the acronym for REcovery and survival of STem cell Originated REd cells.

    It’s the first time in the world that red blood cells grown in a laboratory have been given to another person as part of a trial into blood transfusion – you might have seen media coverage of this programme, which has attracted interest from all over the world. The trial should produce further results by the end of this year or early next.

    In the future, we could go a step further and use CRISPR to delete the genes responsible for blood groups, and – in doing so – create “universal” blood that would be invaluable in providing blood transfusions for individuals with rarer blood types.

    Image of a table containing the combinations of blood types of a donor and a recipient that match each other and ones that do not. The matches are highlighted in purple and the mismatches in red

    This slide is a brief reminder of the complexities around ensuring blood compatibility between donors and recipients. Only the combinations in purple are suitable.

    The prospects here are again tantalising. Imagine a world where no patient dies due to a lack of compatible blood following an accident or during surgery. Where safe blood is available on demand, can be stored for longer and is free of disease transmission risks.

    So there are all these amazing opportunities, which you can tell I love talking about!

    We’ve covered a fair bit of ground about engineering biology: not just historically but geographically, in universities and companies, and across a range of applications.

    I’m so proud that our country can lay claim to so much ingenuity. Microbial metal recycling from Edinburgh. Biosynthetic fuels from Manchester. Lab-grown blood from Bristol. Nitrogen-fixing cereals from Oxford.  And nanocellulose-based materials from right here in London.

    I want to end, though on a broader point concerning emerging technologies such as engineering biology and others besides.

    Earlier, you heard me talk about risks and challenges, including the need for responsible innovation.

    Another challenge – though – is about how we, as a society, talk about science and technology in general.

    Clearly, 1 of my aims this evening has been to raise awareness of engineering biology.

    But it strikes me that we’re living through a period where public engagement around science is getting harder.

    That’s not just because of the unprecedented volumes of misinformation circulating around us.

    We now live in a less paternalistic society – which is surely a good thing – it is no longer enough for scientists to tell people what’s good for them and expect them to toe the line. Instead, we know we need to have a proper, well-informed debate about these issues.

    Clearly, it would be possible for the promise of engineering biology to be compromised by public opposition. We need to listen to public concerns – really listen! – and understand that if we don’t respond to those concerns people will be perfectly within their rights to not support, or actively block, the engineering biology advances that we’re trying to create.

    There is a lot of work to do here. I don’t think we can ever be finished listening to the public.

    Essentially, the technologies we’re developing in engineering biology need to offer solutions to problems that people actually care about.

    Health, nutrition, climate, the environment, sustainability, global equity. I know that these are problems that billions of people care about.

    I hope I’ve persuaded you that when it comes to these problems, engineering biology can provide solutions.

    Image of the front cover of the ‘Engineering Biology Aspirations’ report on the left-hand side and a QR code to the webpage with the report on the right-hand side

    Thank you for listening – do read our report; here it is – and thank you to the Royal Institution for asking me to speak in this 200th anniversary year for discourses.

    Updates to this page

    Published 2 May 2025

    MIL OSI United Kingdom

  • MIL-OSI: Shell Plc 1st Quarter 2025 Unaudited Results

    Source: GlobeNewswire (MIL-OSI)

                                 
    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS
           
                                             
     
    SUMMARY OF UNAUDITED RESULTS
    Quarters $ million    
    Q1 2025 Q4 2024 Q1 2024   Reference      
    4,780    928    7,358    +415 Income/(loss) attributable to Shell plc shareholders        
    5,577    3,661    7,734    +52 Adjusted Earnings A      
    15,250    14,281    18,711    +7 Adjusted EBITDA A      
    9,281    13,162    13,330    -29 Cash flow from operating activities        
    (3,959)   (4,431)   (3,528)     Cash flow from investing activities        
    5,322    8,731    9,802      Free cash flow G      
    4,175    6,924    4,493      Cash capital expenditure C      
    8,575    9,401    8,997    -9 Operating expenses F      
    8,453    9,138    9,054    -7 Underlying operating expenses F      
    10.4% 11.3% 12.0%   ROACE D      
    76,511    77,078    79,931      Total debt E      
    41,521    38,809    40,513      Net debt E      
    18.7% 17.7% 17.7%   Gearing E      
    2,838    2,815    2,911    +1 Oil and gas production available for sale (thousand boe/d)        
    0.79    0.15    1.14 +427 Basic earnings per share ($)        
    0.92    0.60    1.20    +53 Adjusted Earnings per share ($) B      
    0.3580    0.3580    0.3440    Dividend per share ($)        

    1.Q1 on Q4 change

    Quarter Analysis1

    Income attributable to Shell plc shareholders, compared with the fourth quarter 2024, reflected lower exploration well write-offs, lower operating expenses and higher Products margins.

    First quarter 2025 income attributable to Shell plc shareholders also included a charge of $0.5 billion related to the UK Energy Profits Levy and impairment charges. These items are included in identified items amounting to a net loss of $0.8 billion in the quarter. This compares with identified items in the fourth quarter 2024 which amounted to a net loss of $2.8 billion.

    Adjusted Earnings and Adjusted EBITDA2 were driven by the same factors as income attributable to Shell plc shareholders and adjusted for the above identified items.

    Cash flow from operating activities for the first quarter 2025 was $9.3 billion and primarily driven by Adjusted EBITDA, partly offset by tax payments of $2.9 billion and working capital outflows of $2.7 billion. The working capital outflows mainly reflected accounts receivable and payable movements.

    Cash flow from investing activities for the first quarter 2025 was an outflow of $4.0 billion, and included cash capital expenditure of $4.2 billion, and net other investing cash outflows of $0.9 billion which included the drawdowns on loan facilities provided at completion of the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) in Nigeria, partly offset by divestment proceeds of $0.6 billion.

    Net debt and Gearing: At the end of the first quarter 2025, net debt was $41.5 billion, compared with $38.8 billion at the end of the fourth quarter 2024. This reflects free cash flow of $5.3 billion, which included working capital outflows of $2.7 billion, more than offset by share buybacks of $3.3 billion, cash dividends paid to Shell plc shareholders of $2.2 billion, lease additions of $1.3 billion including those related to the Pavilion Energy Pte. Ltd. acquisition and interest payments of $0.8 billion. Gearing was 18.7% at the end of the first quarter 2025, compared with 17.7% at the end of the fourth quarter 2024, mainly driven by higher net debt.


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    Shareholder distributions

    Total shareholder distributions in the quarter amounted to $5.5 billion comprising repurchases of shares of $3.3 billion and cash dividends paid to Shell plc shareholders of $2.2 billion. Dividends declared to Shell plc shareholders for the first quarter 2025 amount to $0.3580 per share. Shell has now completed $3.5 billion of share buybacks announced in the fourth quarter 2024 results announcement. Today, Shell announces a share buyback programme of $3.5 billion which is expected to be completed by the second quarter 2025 results announcement.

    This Unaudited Condensed Interim Financial Report, together with supplementary financial and operational disclosure for this quarter, is available at www.shell.com/investors 3.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and depreciation, depletion and amortisation (DD&A) expenses.

    3.Not incorporated by reference.

    PORTFOLIO DEVELOPMENTS

    Integrated Gas

    In March 2025, we completed the previously announced acquisition of 100% of the shares in Pavilion Energy Pte. Ltd. (Pavilion Energy). Pavilion Energy, headquartered in Singapore, operates a global LNG trading business with contracted supply volume of approximately 6.5 million tonnes per annum (mtpa).

    Upstream

    In January 2025, we announced the start of production at the Shell-operated Whale floating production facility in the Gulf of America. The Whale development is owned by Shell (60%, operator) and Chevron U.S.A. Inc. (40%).

    In February 2025, we announced production restart at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, operator; NEO Energy 50%). The previous export route for this field was via the Brent Charlie platform, which ceased production in 2021 and is being decommissioned.

    In February 2025, we signed an agreement to acquire a 15.96% working interest from ConocoPhillips Company in the Shell-operated Ursa platform in the Gulf of America. The transaction completed on May 1, 2025 which increases Shell’s working interest in the Ursa platform from 45.3884% to 61.3484%.

    In March 2025, we completed the sale of SPDC to Renaissance, as announced in January 2024.

    In March 2025, we announced the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator, 50%), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo S.A. (PPSA) acting as the manager of the production sharing contract (PSC).

    Chemicals and Products

    In January 2025, CNOOC and Shell Petrochemicals Company Limited (CSPC), a 50:50 joint venture between Shell and CNOOC Petrochemicals Investment Ltd, took an FID to expand its petrochemical complex in Daya Bay, Huizhou, south China.

    In April 2025, we completed the previously announced sale of our Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd. (CAPGC), a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd.

    In April 2025, we agreed to sell our 16.125% interest in Colonial Enterprises, Inc. (“Colonial”) to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, “Brookfield”), for $1.45 billion. The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2025.

    Renewables and Energy Solutions

    In January 2025, we completed the previously announced acquisition of a 100% equity stake in RISEC Holdings, LLC, which owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, USA.

             Page 2


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    PERFORMANCE BY SEGMENT

                                             
                       
    INTEGRATED GAS        
    Quarters $ million                
    Q1 2025 Q4 2024 Q1 2024   Reference      
    2,789    1,744    2,761    +60 Income/(loss) for the period        
    306    (421)   (919)     Of which: Identified items A      
    2,483    2,165    3,680    +15 Adjusted Earnings A      
    4,735    4,568    6,136    +4 Adjusted EBITDA A      
    3,463    4,391    4,712    -21 Cash flow from operating activities A      
    1,116    1,337    1,041      Cash capital expenditure C      
    126    116    137    +9 Liquids production available for sale (thousand b/d)        
    4,644    4,574    4,954    +2 Natural gas production available for sale (million scf/d)        
    927    905    992    +2 Total production available for sale (thousand boe/d)        
    6.60    7.06    7.58    -6 LNG liquefaction volumes (million tonnes)        
    16.49    15.50    16.87    +6 LNG sales volumes (million tonnes)        

    1.Q1 on Q4 change

    Integrated Gas includes liquefied natural gas (LNG), conversion of natural gas into gas-to-liquids (GTL) fuels and other products. It includes natural gas and liquids exploration and extraction, and the operation of the upstream and midstream infrastructure necessary to deliver these to market. Integrated Gas also includes the marketing, trading and optimisation of LNG.

    Quarter Analysis1

    Income/(loss) for the period was driven by the same factors as Adjusted Earnings and includes identified items.

    Adjusted Earnings, compared with the fourth quarter 2024, reflected lower exploration well write-offs ($277 million), partly offset by lower LNG liquefaction volumes (decrease of $68 million). The net effect of contributions from trading and optimisation and realised prices was in line with the fourth quarter 2024 despite higher unfavourable (non-cash) impact of expiring hedging contracts.

    Identified items in the first quarter 2025 included favourable movements of $362 million due to the fair value accounting of commodity derivatives, that as part of Shell’s normal business are entered into as hedges for mitigation of economic exposures on future purchases, sales and inventory. These favourable movements compare with the fourth quarter 2024 which included impairment charges of $339 million and a loss of $96 million related to sale of assets, partly offset by favourable movements of $109 million due to the fair value accounting of commodity derivatives.

    Adjusted EBITDA2 was driven by the same factors as Adjusted Earnings.

    Cash flow from operating activities for the quarter was primarily driven by Adjusted EBITDA, and net cash inflows related to derivatives of $542 million, partly offset by tax payments of $773 million and working capital outflows of $687 million.

    Total oil and gas production, compared with the fourth quarter 2024, increased by 2% mainly due to lower planned maintenance in Pearl GTL (Qatar), partly offset by unplanned maintenance and weather constraints in Australia. LNG liquefaction volumes decreased by 6% mainly due to unplanned maintenance and weather constraints in Australia.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and DD&A expenses.

             Page 3


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                             
                       
    UPSTREAM          
    Quarters $ million                
    Q1 2025 Q4 2024 Q1 2024   Reference      
    2,080    1,031    2,272    +102 Income/(loss) for the period        
    (257)   (651)   339      Of which: Identified items A      
    2,337    1,682    1,933    +39 Adjusted Earnings A      
    7,387    7,676    7,888    -4 Adjusted EBITDA A      
    3,945    4,509    5,727    -13 Cash flow from operating activities A      
    1,923    2,076    2,010      Cash capital expenditure C      
    1,335    1,332    1,331    Liquids production available for sale (thousand b/d)        
    3,020    3,056    3,136    -1 Natural gas production available for sale (million scf/d)        
    1,855    1,859    1,872    Total production available for sale (thousand boe/d)        

    1.Q1 on Q4 change

    The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas, and operates the infrastructure necessary to deliver them to the market.

    Quarter Analysis1

    Income/(loss) for the period was driven by the same factors as Adjusted Earnings and includes identified items.

    Adjusted Earnings, compared with the fourth quarter 2024, reflected lower exploration well write-offs ($346 million), lower depreciation, depletion and amortisation expenses (decrease of $330 million), lower operating expenses ($194 million) and comparative favourable tax movements ($179 million), partly offset by lower volumes (decrease of $359 million).

    Identified items in the first quarter 2025 included a charge of $509 million related to the UK Energy Profits Levy, partly offset by gains of $159 million from disposal of assets and gains of $95 million related to the impact of the strengthening Brazilian real on a deferred tax position. These charges and favourable movements compare with the fourth quarter 2024 which included a loss of $161 million related to the impact of the weakening Brazilian real on a deferred tax position, and impairment charges of $152 million.

    Adjusted EBITDA2 was driven by the same factors as Adjusted Earnings.

    Cash flow from operating activities for the first quarter 2025 was primarily driven by Adjusted EBITDA, partly offset by tax payments of $1,999 million and working capital outflows of $913 million.

    Total production, compared with the fourth quarter 2024, decreased mainly due to the SPDC divestment, largely offset by new oil production.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and DD&A expenses.

             Page 4


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                             
                       
    MARKETING        
    Quarters $ million                
    Q1 2025 Q4 2024 Q1 2024   Reference      
    814    103    896    +688 Income/(loss) for the period        
    (49)   (736)   (7)     Of which: Identified items A      
    900    839    781    +7 Adjusted Earnings A      
    1,869    1,709    1,686    +9 Adjusted EBITDA A      
    1,907    1,363    1,319    +40 Cash flow from operating activities A      
    256    811    465      Cash capital expenditure C      
    2,674    2,795    2,763    -4 Marketing sales volumes (thousand b/d)        

    1.Q1 on Q4 change

    The Marketing segment comprises the Mobility, Lubricants, and Sectors and Decarbonisation businesses. The Mobility business operates Shell’s retail network including electric vehicle charging services and the Wholesale commercial fuels business which provides fuels for transport, industry and heating. The Lubricants business produces, markets and sells lubricants for road transport, and machinery used in manufacturing, mining, power generation, agriculture and construction. The Sectors and Decarbonisation business sells fuels, speciality products and services including low-carbon energy solutions to a broad range of commercial customers including the aviation, marine, and agricultural sectors.

    Quarter Analysis1

    Income/(loss) for the period was driven by the same factors as Adjusted Earnings and includes identified items.

    Adjusted Earnings, compared with the fourth quarter 2024, reflected lower operating expenses (decrease of $69 million), and higher Marketing margins (increase of $54 million) mainly due to higher Lubricants unit margins and seasonal impact of higher volumes partly offset by lower Mobility margins due to seasonal impact of lower volumes and lower Sectors and Decarbonisation margins. These net gains were partly offset by unfavourable tax movements ($109 million).

    Identified items in the first quarter 2025 included net losses of $61 million related to sale of assets. These losses compare with the fourth quarter 2024 which included impairment charges of $458 million, and net losses of $247 million related to sale of assets.

    Adjusted EBITDA2 was driven by the same factors as Adjusted Earnings.

    Cash flow from operating activities for the first quarter 2025 was primarily driven by Adjusted EBITDA, inflows relating to the timing impact of payments related to emission certificates and biofuel programmes of $540 million, and dividends (net of profits) from joint ventures and associates of $203 million. These inflows were partly offset by working capital outflows of $344 million and tax payments of $174 million.

    Marketing sales volumes (comprising hydrocarbon sales), compared with the fourth quarter 2024, decreased mainly due to seasonality.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and DD&A expenses.

             Page 5


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                             
                       
    CHEMICALS AND PRODUCTS        
    Quarters $ million                
    Q1 2025 Q4 2024 Q1 2024   Reference      
    (77)   (276)   1,311    +72 Income/(loss) for the period        
    (581)   (99)   (458)     Of which: Identified items A      
    449    (229)   1,615    +296 Adjusted Earnings A      
    1,410    475    2,826    +197 Adjusted EBITDA A      
    130    2,032    (349)   -94 Cash flow from operating activities A      
    458    1,392    500      Cash capital expenditure C      
    1,362    1,215    1,430    +12 Refinery processing intake (thousand b/d)        
    2,813    2,926    2,883    -4 Chemicals sales volumes (thousand tonnes)        

    1.Q1 on Q4 change

    The Chemicals and Products segment includes chemicals manufacturing plants with their own marketing network, and refineries which turn crude oil and other feedstocks into a range of oil products which are moved and marketed around the world for domestic, industrial and transport use. The segment also includes the pipeline business, trading and optimisation of crude oil, oil products and petrochemicals, and Oil Sands activities (the extraction of bitumen from mined oil sands and its conversion into synthetic crude oil).

    Quarter Analysis1

    Income/(loss) for the period was driven by the same factors as Adjusted Earnings and includes identified items.

    Adjusted Earnings, compared with the fourth quarter 2024, reflected higher Products margins (increase of $546 million) mainly driven by higher margins from trading and optimisation and higher refining margins. Adjusted Earnings also reflected higher Chemicals margins (increase of $115 million). In addition, the first quarter 2025 reflected lower operating expenses (decrease of $134 million). These net gains were partly offset by comparative unfavourable tax movements ($96 million).

    In the first quarter 2025, Chemicals had negative Adjusted Earnings of $137 million and Products had positive Adjusted Earnings of $586 million.

    Identified items in the first quarter 2025 included impairment charges of $277 million, and unfavourable movements of $202 million due to the fair value accounting of commodity derivatives, that as part of Shell’s normal business are entered into as hedges for mitigation of economic exposures on future purchases, sales and inventory. These charges and unfavourable movements compare with the fourth quarter 2024 which included impairment charges of $224 million, partly offset by favourable deferred tax movements of $114 million..

    Adjusted EBITDA2 was driven by the same factors as Adjusted Earnings.

    Cash flow from operating activities for the first quarter 2025 was primarily driven by Adjusted EBITDA, and inflows relating to the timing impact of payments relating to emission certificates and biofuel programmes of $125 million. These inflows were partly offset by working capital outflows of $1,081 million, and net cash outflows relating to commodity derivatives of $508 million.

    Chemicals manufacturing plant utilisation was 81% compared with 75% in the fourth quarter 2024, mainly due to lower planned and unplanned maintenance.

    Refinery utilisation was 85% compared with 76% in the fourth quarter 2024, mainly due to lower planned maintenance.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and DD&A expenses.

             Page 6


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                             
                       
    RENEWABLES AND ENERGY SOLUTIONS        
    Quarters $ million                
    Q1 2025 Q4 2024 Q1 2024   Reference      
    (247)   (1,226)   553    +80 Income/(loss) for the period        
    (205)   (914)   390      Of which: Identified items A      
    (42)   (311)   163    +87 Adjusted Earnings A      
    111    (123)   267    +190 Adjusted EBITDA A      
    367    850    2,466    -57 Cash flow from operating activities A      
    403    1,277    438      Cash capital expenditure C      
    76    76    77    +1 External power sales (terawatt hours)2        
    184    165    190    +12 Sales of pipeline gas to end-use customers (terawatt hours)3        

    1.Q1 on Q4 change

    2.Physical power sales to third parties; excluding financial trades and physical trade with brokers, investors, financial institutions, trading platforms, and wholesale traders.

    3.Physical natural gas sales to third parties; excluding financial trades and physical trade with brokers, investors, financial institutions, trading platforms, and wholesale traders. Excluding sales of natural gas by other segments and LNG sales.

    Renewables and Energy Solutions includes activities such as renewable power generation, the marketing and trading and optimisation of power and pipeline gas, as well as carbon credits, and digitally enabled customer solutions. It also includes the production and marketing of hydrogen, development of commercial carbon capture and storage hubs, investment in nature-based projects that avoid or reduce carbon emissions, and Shell Ventures, which invests in companies that work to accelerate the energy and mobility transformation.

    Quarter Analysis1

    Income/(loss) for the period was driven by the same factors as Adjusted Earnings and includes identified items.

    Adjusted Earnings, compared with the fourth quarter 2024, reflected higher margins (increase of $99 million) mainly due to higher trading and optimisation in the Americas as a result of higher seasonal demand and volatility, lower operating expenses (decrease of $90 million) and comparative favourable tax movements ($89 million). Most Renewables and Energy Solutions activities were loss-making in the first quarter 2025, which was partly offset by positive Adjusted Earnings from trading and optimisation.

    Identified items in the first quarter 2025 included a charge of $143 million related to the disposal of assets. These charges compare with the fourth quarter 2024 which included impairment charges of $996 million mainly relating to renewable generation assets in North America, partly offset by favourable movements of $50 million due to the fair value accounting of commodity derivatives, that as part of Shell’s normal business are entered into as hedges for mitigation of economic exposures on future purchases, sales and inventory.

    Adjusted EBITDA2 was driven by the same factors as Adjusted Earnings.

    Cash flow from operating activities for the first quarter 2025 was primarily driven by net cash inflows relating to working capital of $380 million and Adjusted EBITDA, partially offset by outflows related to derivatives of $169 million.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and DD&A expenses.

    Additional Growth Measures

                                             
    Quarters      
    Q1 2025 Q4 2024 Q1 2024          
            Renewable power generation capacity (gigawatt):        
    3.5    3.4    3.2    +4 – In operation2        
    4.0    4.0    3.5    -1 – Under construction and/or committed for sale3        

    1.Q1 on Q4 change

    2.Shell’s equity share of renewable generation capacity post commercial operation date. It excludes Shell’s equity share of associates where information cannot be obtained.

    3.Shell’s equity share of renewable generation capacity under construction and/or committed for sale under long-term offtake agreements (PPA). It excludes Shell’s equity share of associates where information cannot be obtained.

             Page 7


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                     
                 
    CORPORATE      
    Quarters $ million          
    Q1 2025 Q4 2024 Q1 2024   Reference    
    (483)   (335)   (354)   Income/(loss) for the period      
    (26)   45    14    Of which: Identified items A    
    (457)   (380)   (368)   Adjusted Earnings A    
    (261)   (24)   (92)   Adjusted EBITDA A    
    (531)   16    (545)   Cash flow from operating activities A    

    The Corporate segment covers the non-operating activities supporting Shell. It comprises Shell’s holdings and treasury organisation, headquarters and central functions, self-insurance activities and centrally managed longer-term innovation portfolio. All finance expense, income and related taxes are included in Corporate Adjusted Earnings rather than in the earnings of business segments.

    Quarter Analysis1

    Income/(loss) for the period was driven by the same factors as Adjusted Earnings and includes identified items.

    Adjusted Earnings, compared with the fourth quarter 2024, reflected unfavourable currency exchange rate effects, partly offset by lower operating expenses.

    Adjusted EBITDA2 was driven by the same factors as Adjusted Earnings.

    1.All earnings amounts are shown post-tax, unless stated otherwise.

    2.Adjusted EBITDA is without interest, taxation, exploration well write-offs and DD&A expenses.

             Page 8


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    OUTLOOK FOR THE SECOND QUARTER 2025

    Full year 2024 cash capital expenditure was $21 billion. Our cash capital expenditure range for the full year 2025 is expected to be within $20 – $22 billion.

    Integrated Gas production is expected to be approximately 890 – 950 thousand boe/d. LNG liquefaction volumes are expected to be approximately 6.3 – 6.9 million tonnes. Second quarter 2025 outlook reflects scheduled maintenance across the portfolio.

    Upstream production is expected to be approximately 1,560 – 1,760 thousand boe/d. Production outlook reflects the SPDC divestment in March 2025 and the scheduled maintenance across the portfolio.

    Marketing sales volumes are expected to be approximately 2,600 – 3,100 thousand b/d.

    Refinery utilisation is expected to be approximately 87% – 95%. Chemicals manufacturing plant utilisation is expected to be approximately 74% – 82%. Second quarter 2025 utilisation outlook reflects the sale of the Energy and Chemicals Park in Singapore which was completed in April 2025.

    Corporate Adjusted Earnings1 were a net expense of $457 million for the first quarter 2025. Corporate Adjusted Earnings are expected to be a net expense of approximately $400 – $600 million in the second quarter 2025.

    1.For the definition of Adjusted Earnings and the most comparable GAAP measure see reference A.

    FORTHCOMING EVENTS

               
     
    Date Event
    May 20, 2025 Annual General Meeting
    July 31, 2025 Second quarter 2025 results and dividends
    October 30, 2025 Third quarter 2025 results and dividends

             Page 9


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

                               
     
    CONSOLIDATED STATEMENT OF INCOME    
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    69,234    66,281    72,478    Revenue1    
    615    (156)   1,318    Share of profit/(loss) of joint ventures and associates    
    302    683    907    Interest and other income/(expenses)2    
    70,152    66,807    74,703    Total revenue and other income/(expenses)    
    45,849    43,610    46,867    Purchases    
    5,549    5,839    5,810    Production and manufacturing expenses    
    2,840    3,231    2,975    Selling, distribution and administrative expenses    
    185    331    212    Research and development    
    210    861    750    Exploration    
    5,441    7,520    5,881    Depreciation, depletion and amortisation2    
    1,120    1,213    1,164    Interest expense    
    61,194    62,605    63,659    Total expenditure    
    8,959    4,205    11,044    Income/(loss) before taxation    
    4,083    3,164    3,604    Taxation charge/(credit)2    
    4,875    1,041    7,439    Income/(loss) for the period    
    95    113    82    Income/(loss) attributable to non-controlling interest    
    4,780    928    7,358    Income/(loss) attributable to Shell plc shareholders    
    0.79    0.15    1.14    Basic earnings per share ($)3    
    0.79    0.15    1.13    Diluted earnings per share ($)3    

    1.See Note 2 “Segment information”.

    2.See Note 7 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

    3.See Note 3 “Earnings per share”.

                               
                 
    CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME    
    Quarters $ million        
    Q1 2025 Q4 2024 Q1 2024      
    4,875    1,041    7,439    Income/(loss) for the period    
          Other comprehensive income/(loss) net of tax:    
          Items that may be reclassified to income in later periods:    
    1,711    (4,899)   (1,995)   – Currency translation differences1    
      (11)   (6)   – Debt instruments remeasurements    
    (25)   224    53    – Cash flow hedging gains/(losses)    
    (42)   (50)   (14)   – Deferred cost of hedging    
    74    (91)   (12)   – Share of other comprehensive income/(loss) of joint ventures and associates    
    1,723    (4,827)   (1,974)   Total    
          Items that are not reclassified to income in later periods:    
    306    239    439    – Retirement benefits remeasurements    
    (16)   (50)   78    – Equity instruments remeasurements    
    (36)   46    10    – Share of other comprehensive income/(loss) of joint ventures and associates    
    254    235    528    Total    
    1,977    (4,592)   (1,445)   Other comprehensive income/(loss) for the period    
    6,852    (3,552)   5,994    Comprehensive income/(loss) for the period    
    105    50    56    Comprehensive income/(loss) attributable to non-controlling interest    
    6,748    (3,602)   5,937    Comprehensive income/(loss) attributable to Shell plc shareholders    

    1.See Note 7 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

             Page 10


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                     
     
    CONDENSED CONSOLIDATED BALANCE SHEET
    $ million    
      March 31, 2025 December 31, 2024
    Assets    
    Non-current assets    
    Goodwill 16,072    16,032   
    Other intangible assets1 11,365    9,480   
    Property, plant and equipment 183,712    185,219   
    Joint ventures and associates 24,236    23,445   
    Investments in securities 2,284    2,255   
    Deferred tax 6,989    6,857   
    Retirement benefits 10,266    10,003   
    Trade and other receivables 7,269    6,018   
    Derivative financial instruments² 400    374   
      262,593    259,683   
    Current assets    
    Inventories 22,984    23,426   
    Trade and other receivables 48,247    45,860   
    Derivative financial instruments² 8,941    9,673   
    Cash and cash equivalents 35,601    39,110   
      115,773    118,069   
    Assets classified as held for sale1 10,881    9,857   
      126,654    127,926   
    Total assets 389,248    387,609   
    Liabilities    
    Non-current liabilities    
    Debt 65,120    65,448   
    Trade and other payables 5,487    3,290   
    Derivative financial instruments² 1,565    2,185   
    Deferred tax 13,257    13,505   
    Retirement benefits 6,756    6,752   
    Decommissioning and other provisions 20,313    21,227   
      112,498    112,407   
    Current liabilities    
    Debt 11,391    11,630   
    Trade and other payables 60,870    60,693   
    Derivative financial instruments² 6,371    7,391   
    Income taxes payable 4,343    4,648   
    Decommissioning and other provisions 5,104    4,469   
      88,079    88,831   
    Liabilities directly associated with assets classified as held for sale1 8,001    6,203   
      96,080    95,034   
    Total liabilities 208,578    207,441   
    Equity attributable to Shell plc shareholders 178,813    178,307   
    Non-controlling interest 1,856    1,861   
    Total equity 180,670    180,168   
    Total liabilities and equity 389,248    387,609   

    1.    See Note 7 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

    2.    See Note 6 “Derivative financial instruments and debt excluding lease liabilities”.

             Page 11


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                                         
     
    CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
      Equity attributable to Shell plc shareholders      
    $ million Share capital1 Shares held in trust Other reserves² Retained earnings Total Non-controlling interest   Total equity
    At January 1, 2025 510    (803)   19,766    158,834    178,307    1,861      180,168   
    Comprehensive income/(loss) for the period —    —    1,967    4,780    6,748    105      6,852   
    Transfer from other comprehensive income —    —    11    (11)   —    —      —   
    Dividends³ —    —    —    (2,179)   (2,179)   (86)     (2,265)  
    Repurchases of shares4 (8)   —      (3,513)   (3,513)   —      (3,513)  
    Share-based compensation —    500    (663)   (405)   (567)   —      (567)  
    Other changes —    —    —    23    22    (24)     (2)  
    At March 31, 2025 502    (304)   21,090    157,527    178,813    1,856      180,670   
    At January 1, 2024 544    (997)   21,145    165,915    186,607    1,755      188,362   
    Comprehensive income/(loss) for the period —    —    (1,420)   7,358    5,937    56      5,994   
    Transfer from other comprehensive income —    —    138    (138)   —    —      —   
    Dividends3 —    —    —    (2,210)   (2,210)   (68)     (2,278)  
    Repurchases of shares4 (7)   —      (3,502)   (3,502)   —      (3,502)  
    Share-based compensation —    543    (426)   (392)   (275)   —      (275)  
    Other changes —    —    —        (4)      
    At March 31, 2024 537    (455)   19,445    167,038    186,565    1,739      188,304   

    1.    See Note 4 “Share capital”.

    2.    See Note 5 “Other reserves”.

    3.    The amount charged to retained earnings is based on prevailing exchange rates on payment date.

    4.     Includes shares committed to repurchase under an irrevocable contract and repurchases subject to settlement at the end of the quarter.

             Page 12


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                     
     
    CONSOLIDATED STATEMENT OF CASH FLOWS    
    Quarters $ million  
    Q1 2025   Q4 2024 Q1 2024      
    8,959      4,205    11,044    Income before taxation for the period    
            Adjustment for:    
    636      665    576    – Interest expense (net)    
    5,441      7,520    5,881    – Depreciation, depletion and amortisation1    
    28      649    554    – Exploration well write-offs    
    127      288    (10)   – Net (gains)/losses on sale and revaluation of non-current assets and businesses    
    (615)     156    (1,318)   – Share of (profit)/loss of joint ventures and associates    
    523      1,241    738    – Dividends received from joint ventures and associates    
    854      131    (608)   – (Increase)/decrease in inventories    
    (2,610)     751    (195)   – (Increase)/decrease in current receivables    
    (907)     1,524    (1,949)   – Increase/(decrease) in current payables    
    (244)     111    1,386    – Derivative financial instruments    
    (100)     (58)   (61)   – Retirement benefits    
    (480)     (256)   (600)   – Decommissioning and other provisions    
    570      (856)   509    – Other1    
    (2,900)     (2,910)   (2,616)   Tax paid    
    9,281      13,162    13,330    Cash flow from operating activities    
    (3,748)     (6,486)   (3,980)      Capital expenditure    
    (413)     (421)   (500)      Investments in joint ventures and associates    
    (15)     (17)   (13)      Investments in equity securities    
    (4,175)     (6,924)   (4,493)   Cash capital expenditure    
    559      493    323    Proceeds from sale of property, plant and equipment and businesses    
    33      305    133    Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans    
          569    Proceeds from sale of equity securities    
    508      581    577    Interest received    
    506      1,762    857    Other investing cash inflows    
    (1,394)     (655)   (1,494)   Other investing cash outflows1    
    (3,959)     (4,431)   (3,528)   Cash flow from investing activities    
    80      65    (107)   Net increase/(decrease) in debt with maturity period within three months    
            Other debt:    
    139      (13)   167    – New borrowings    
    (2,514)     (2,664)   (1,532)   – Repayments    
    (846)     (1,379)   (911)   Interest paid    
    326      (833)   (297)   Derivative financial instruments    
    (25)     (10)   (4)   Change in non-controlling interest    
            Cash dividends paid to:    
    (2,179)     (2,114)   (2,210)   – Shell plc shareholders    
    (86)     (53)   (68)   – Non-controlling interest    
    (3,311)     (3,579)   (2,824)   Repurchases of shares    
    (768)     (309)   (462)   Shares held in trust: net sales/(purchases) and dividends received    
    (9,183)     (10,889)   (8,248)   Cash flow from financing activities    
    353      (985)   (379)   Effects of exchange rate changes on cash and cash equivalents    
    (3,509)     (3,142)   1,175    Increase/(decrease) in cash and cash equivalents    
    39,110      42,252    38,774    Cash and cash equivalents at beginning of period    
    35,601      39,110    39,949    Cash and cash equivalents at end of period    

    1.See Note 7 “Other notes to the unaudited Condensed Consolidated Interim Financial Statements”.

             Page 13


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

    1. Basis of preparation

    These unaudited Condensed Consolidated Interim Financial Statements of Shell plc (“the Company”) and its subsidiaries (collectively referred to as “Shell”) have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”) and adopted by the UK, and on the basis of the same accounting principles as those used in the Company’s Annual Report and Accounts (pages 240 to 312) for the year ended December 31, 2024, as filed with the Registrar of Companies for England and Wales and as filed with the Autoriteit Financiële Markten (the Netherlands) and Form 20-F (pages 223 to 296) for the year ended December 31, 2024, as filed with the US Securities and Exchange Commission, and should be read in conjunction with these filings.

    The financial information presented in the unaudited Condensed Consolidated Interim Financial Statements does not constitute statutory accounts within the meaning of section 434(3) of the Companies Act 2006 (“the Act”). Statutory accounts for the year ended December 31, 2024, were published in Shell’s Annual Report and Accounts, a copy of which was delivered to the Registrar of Companies for England and Wales. The auditor’s report on those accounts was unqualified, did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying the report and did not contain a statement under sections 498(2) or 498(3) of the Act.

    Key accounting considerations, significant judgements and estimates

    Future commodity price assumptions and management’s view on the future development of refining and chemicals margins represent a significant estimate and were subject to change in 2024. These assumptions continue to apply for impairment testing purposes in the first quarter 2025. As per the normal process outlined in the 2024 Annual Report and Accounts and Form 20-F, these assumptions are subject to review later this year.

    The discount rates applied for impairment testing and the discount rate applied to provisions are reviewed on a regular basis. Both discount rates applied in the first quarter 2025 remain unchanged compared with 2024.

    2. Segment information

    With effect from January 1, 2025, segment earnings are presented on an Adjusted Earnings basis (Adjusted Earnings), which is the earnings measure used by the Chief Executive Officer, who serves as the Chief Operating Decision Maker, for the purposes of making decisions about allocating resources and assessing performance. This aligns with Shell’s focus on performance, discipline and simplification.

    The Adjusted Earnings measure is presented on a current cost of supplies (CCS) basis and aims to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. Identified items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell’s financial results from period to period.

    The segment earnings measure used until December 31, 2024 was CCS earnings. The difference between CCS earnings and Adjusted Earnings are the identified items. Comparative periods are presented below on an Adjusted Earnings basis.

             Page 14


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                               
     
    REVENUE AND ADJUSTED EARNINGS BY SEGMENT    
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
          Third-party revenue    
    9,602    9,294    9,195    Integrated Gas    
    1,510    1,652    1,759    Upstream    
    27,083    27,524    30,041    Marketing    
    21,610    19,992    23,735    Chemicals and Products    
    9,417    7,808    7,737    Renewables and Energy Solutions    
    12    10    11    Corporate    
    69,234    66,281    72,478    Total third-party revenue1    
          Inter-segment revenue    
    2,675    2,024    2,404    Integrated Gas    
    9,854    9,931    10,287    Upstream    
    1,849    984    1,355    Marketing    
    8,255    8,656    10,312    Chemicals and Products    
    1,164    1,879    1,005    Renewables and Energy Solutions    
    —    —    —    Corporate    
          Adjusted Earnings    
    2,483    2,165    3,680    Integrated Gas    
    2,337    1,682    1,933    Upstream    
    900    839    781    Marketing    
    449    (229)   1,615    Chemicals and Products    
    (42)   (311)   163    Renewables and Energy Solutions    
    (457)   (380)   (368)   Corporate    
    5,670    3,766    7,804    Total Adjusted Earnings2    
    5,577    3,661    7,734    Adjusted Earnings attributable to Shell plc shareholders    
    94    106    70    Adjusted Earnings attributable to non-controlling interest    

    1.Includes revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives.

    2.See Reconciliation of income for the period to Adjusted Earnings below.

             Page 15


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    Cash capital expenditure is a measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance.

                               
     
    CASH CAPITAL EXPENDITURE BY SEGMENT
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
          Capital expenditure    
    943    1,123    858    Integrated Gas    
    1,727    2,205    1,766    Upstream    
    252    798    427    Marketing    
    451    1,121    474    Chemicals and Products    
    358    1,214    421    Renewables and Energy Solutions    
    17    25    34    Corporate    
    3,748    6,486    3,980    Total capital expenditure    
          Add: Investments in joint ventures and associates    
    174    214    184    Integrated Gas    
    197    (117)   244    Upstream    
      13    38    Marketing    
      271    26    Chemicals and Products    
    30    36      Renewables and Energy Solutions    
        —    Corporate    
    413    421    500    Total investments in joint ventures and associates    
          Add: Investments in equity securities    
    —    —    —    Integrated Gas    
    —    (11)   —    Upstream    
    —    —    —    Marketing    
    —    —    —    Chemicals and Products    
    14    28    10    Renewables and Energy Solutions    
    —    —      Corporate    
    15    17    13    Total investments in equity securities    
          Cash capital expenditure    
    1,116    1,337    1,041    Integrated Gas    
    1,923    2,076    2,010    Upstream    
    256    811    465    Marketing    
    458    1,392    500    Chemicals and Products    
    403    1,277    438    Renewables and Energy Solutions    
    19    30    37    Corporate    
    4,175    6,924    4,493    Total Cash capital expenditure    

             Page 16


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                               
                 
    RECONCILIATION OF INCOME FOR THE PERIOD TO ADJUSTED EARNINGS    
    Quarters $ million        
    Q1 2025 Q4 2024 Q1 2024      
    4,780    928    7,358    Income/(loss) attributable to Shell plc shareholders    
    95    113    82    Income/(loss) attributable to non-controlling interest    
    4,875    1,041    7,439    Income/(loss) for the period    
    (15)   (75)   (360)   Add: Current cost of supplies adjustment before taxation    
    (2)   23    84    Add: Tax on current cost of supplies adjustment    
    (510) (3,008) (1,244) Less: Identified items adjustment before taxation    
    301 (230) (604) Add: Tax on identified items adjustment    
    5,670    3,766    7,804    Adjusted Earnings    
    5,577    3,661    7,734    Adjusted Earnings attributable to Shell plc shareholders    
    94    106    70    Adjusted Earnings attributable to non-controlling interest    

    Identified items

    The objective of identified items is to remove material impacts on net income/loss arising from transactions which are generally uncontrollable and unusual (infrequent or non-recurring) in nature or giving rise to a mismatch between accounting and economic results, or certain transactions that are generally excluded from underlying results in the industry.

    Identified items comprise: divestment gains and losses, impairments and impairment reversals, redundancy and restructuring, fair value accounting of commodity derivatives and certain gas contracts that gives rise to a mismatch between accounting and economic results, the impact of exchange rate movements and inflationary adjustments on certain deferred tax balances, and other items.

                                                   
     
    Q1 2025 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Identified items included in Income/(loss) before taxation              
    Divestment gains/(losses) (106) (1) 154 (57) (15) (187)
    Impairment reversals/(impairments) (341) (21) 10 (293) (38)
    Redundancy and restructuring (44) (1) (15) (9) (13) (9) 4
    Fair value accounting of commodity derivatives and certain gas contracts1 194 420 (1) 12 (258) 20
    Other2 (212) (70) 4 (101) (46)
    Total identified items included in Income/(loss) before taxation (510) 348 121 (44) (679) (260) 4
    Less: Total identified items included in Taxation charge/(credit) 301 43 378 4 (99) (54) 29
    Identified items included in Income/(loss) for the period              
    Divestment gains/(losses) (208) 8 (61) (12) (143)
    Impairment reversals/(impairments) (317) (15) 6 (277) (31)
    Redundancy and restructuring (24) (1) (5) (1) (12) (7) 2
    Fair value accounting of commodity derivatives and certain gas contracts1 187 362 7 (202) 20
    Impact of exchange rate movements and inflationary adjustments on tax balances3 108 4 132 (28)
    Other2 (558) (59) (377) (77) (45)
    Impact on Adjusted Earnings (811) 306 (257) (49) (581) (205) (26)
    Impact on Adjusted Earnings attributable to non-controlling interest
    Impact on Adjusted Earnings attributable to Shell plc shareholders (811) 306 (257) (49) (581) (205) (26)

    1.Fair value accounting of commodity derivatives and certain gas contracts: In the ordinary course of business, Shell enters into contracts to supply or purchase oil and gas products, as well as power and environmental products. Shell also enters into contracts for tolling, pipeline and storage capacity. Derivative contracts are entered into for mitigation of resulting economic exposures (generally price exposure) and these derivative contracts are carried at period-end

             Page 17


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    market price (fair value), with movements in fair value recognised in income for the period. Supply and purchase contracts entered into for operational purposes, as well as contracts for tolling, pipeline and storage capacity, are, by contrast, recognised when the transaction occurs; furthermore, inventory is carried at historical cost or net realisable value, whichever is lower. As a consequence, accounting mismatches occur because: (a) the supply or purchase transaction is recognised in a different period; or (b) the inventory is measured on a different basis. In addition, certain contracts are, due to pricing or delivery conditions, deemed to contain embedded derivatives or written options and are also required to be carried at fair value even though they are entered into for operational purposes. The accounting impacts are reported as identified items.

    2.Other identified items represent other credits or charges that based on Shell management’s assessment hinder the comparative understanding of Shell’s financial results from period to period.

    3.Impact of exchange rate movements and inflationary adjustments on tax balances represents the impact on tax balances of exchange rate movements and inflationary adjustments arising on: (a) the conversion to dollars of the local currency tax base of non-monetary assets and liabilities, as well as recognised tax losses (this primarily impacts the Integrated Gas and Upstream segments); and (b) the conversion of dollar-denominated inter-segment loans to local currency, leading to taxable exchange rate gains or losses (this primarily impacts the Corporate segment).

                                                   
     
    Q4 2024 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Identified items included in Income/(loss) before taxation              
    Divestment gains/(losses) (288) (99) (66) (216) 42 51
    Impairment reversals/(impairments) (2,554) (523) (183) (493) (288) (1,065) (1)
    Redundancy and restructuring (175) (27) (62) (70) (5) (11) (1)
    Fair value accounting of commodity derivatives and certain gas contracts1 209 136 (14) 58 (38) 67
    Other1 (200) (165) (33) (2)
    Total identified items included in Income/(loss) before taxation (3,008) (514) (491) (753) (291) (958) (2)
    Less: Total identified items included in Taxation charge/(credit) (230) (92) 160 (17) (191) (43) (47)
    Identified items included in Income/(loss) for the period              
    Divestment gains/(losses) (321) (96) (51) (247) 33 40
    Impairment reversals/(impairments) (2,170) (339) (152) (458) (224) (996) (1)
    Redundancy and restructuring (115) (16) (34) (52) (3) (8) (1)
    Fair value accounting of commodity derivatives and certain gas contracts1 184 109 (4) 46 (17) 50
    Impact of exchange rate movements and inflationary adjustments on tax balances1 (210) (57) (199) 46
    Other1 (147) (22) (212) (25) 113
    Impact on Adjusted Earnings (2,778) (421) (651) (736) (99) (914) 45
    Impact on Adjusted Earnings attributable to non-controlling interest
    Impact on Adjusted Earnings attributable to Shell plc shareholders (2,778) (421) (651) (736) (99) (914) 45

    1.For a detailed description, see the corresponding footnotes to the Q1 2025 identified items table above.

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    Q1 2024 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Identified items included in Income/(loss) before taxation              
    Divestment gains/(losses) 10 (3) 27 (15) (9) 10
    Impairment reversals/(impairments) (227) (8) (96) (4) (178) 59
    Redundancy and restructuring (74) (1) (13) (20) (18) (15) (6)
    Fair value accounting of commodity derivatives and certain gas contracts1 (1,079) (1,068) (2) 6 (416) 400
    Other1 126 4 38 23 45 16
    Total identified items included in Income/(loss) before taxation (1,244) (1,075) (46) (11) (575) 469 (6)
    Less: Total identified items included in Taxation charge/(credit) (604) (157) (385) (4) (118) 80 (20)
    Identified items included in Income/(loss) for the period              
    Divestment gains/(losses) (4) (2) 10 (11) (7) 6
    Impairment reversals/(impairments) (186) (5) (102) (3) (152) 77
    Redundancy and restructuring (53) (1) (9) (15) (14) (11) (4)
    Fair value accounting of commodity derivatives and certain gas contracts1 (896) (887) 5 (319) 306
    Impact of exchange rate movements and inflationary adjustments on tax balances1 403 (27) 412 18
    Other1 95 3 28 17 34 12
    Impact on Adjusted Earnings (641) (919) 339 (7) (458) 390 14
    Impact on Adjusted Earnings attributable to non-controlling interest
    Impact on Adjusted Earnings attributable to Shell plc shareholders (641) (919) 339 (7) (458) 390 14

    1.For a detailed description, see the corresponding footnotes to the Q1 2025 identified items table above.

    The identified items categories above may include after-tax impacts of identified items of joint ventures and associates which are fully reported within “Share of profit/(loss) of joint ventures and associates” in the Consolidated Statement of Income, and fully reported as identified items included in Income/(loss) before taxation in the table above. Identified items related to subsidiaries are consolidated and reported across appropriate lines of the Consolidated Statement of Income.

    3. Earnings per share

                               
     
    EARNINGS PER SHARE
    Quarters    
    Q1 2025 Q4 2024 Q1 2024      
    4,780    928    7,358    Income/(loss) attributable to Shell plc shareholders ($ million)    
               
          Weighted average number of shares used as the basis for determining:    
    6,033.5    6,148.4    6,440.1    Basic earnings per share (million)    
    6,087.8    6,213.9    6,504.3    Diluted earnings per share (million)    

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    4. Share capital

                             
     
    ISSUED AND FULLY PAID ORDINARY SHARES OF €0.07 EACH
      Number of shares   Nominal value
    ($ million)
    At January 1, 2025 6,115,031,158      510     
    Repurchases of shares (98,948,766)     (8)    
    At March 31, 2025 6,016,082,392      502     
    At January 1, 2024 6,524,109,049      544     
    Repurchases of shares (88,893,999)     (7)    
    At March 31, 2024 6,435,215,050      537     

    At Shell plc’s Annual General Meeting on May 21, 2024, the Board was authorised to allot ordinary shares in Shell plc, and to grant rights to subscribe for, or to convert, any security into ordinary shares in Shell plc, up to an aggregate nominal amount of approximately €150 million (representing approximately 2,147 million ordinary shares of €0.07 each), and to list such shares or rights on any stock exchange. This authority expires at the earlier of the close of business on August 20, 2025, or the end of the Annual General Meeting to be held in 2025, unless previously renewed, revoked or varied by Shell plc in a general meeting.

    5. Other reserves

                                             
     
    OTHER RESERVES
    $ million Merger reserve Share premium reserve Capital redemption reserve Share plan reserve Accumulated other comprehensive income Total
    At January 1, 2025 37,298    154    270    1,417    (19,373)   19,766   
    Other comprehensive income/(loss) attributable to Shell plc shareholders —    —    —    —    1,967    1,967   
    Transfer from other comprehensive income —    —    —    —    11    11   
    Repurchases of shares —    —      —    —     
    Share-based compensation —    —    —    (663)   —    (663)  
    At March 31, 2025 37,298    154    279    754    (17,394)   21,090   
    At January 1, 2024 37,298    154    236    1,308    (17,851)   21,145   
    Other comprehensive income/(loss) attributable to Shell plc shareholders —    —    —    —    (1,420)   (1,420)  
    Transfer from other comprehensive income —    —    —    —    138    138   
    Repurchases of shares —    —      —    —     
    Share-based compensation —    —    —    (426)   —    (426)  
    At March 31, 2024 37,298    154    244    882    (19,132)   19,445   

    The merger reserve and share premium reserve were established as a consequence of Shell plc (formerly Royal Dutch Shell plc) becoming the single parent company of Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company, p.l.c., now The Shell Transport and Trading Company Limited, in 2005. The merger reserve increased in 2016 following the issuance of shares for the acquisition of BG Group plc. The capital redemption reserve was established in connection with repurchases of shares of Shell plc. The share plan reserve is in respect of equity-settled share-based compensation plans.

    6. Derivative financial instruments and debt excluding lease liabilities

    As disclosed in the Consolidated Financial Statements for the year ended December 31, 2024, presented in the Annual Report and Accounts and Form 20-F for that year, Shell is exposed to the risks of changes in fair value of its financial assets and liabilities. The fair values of the financial assets and liabilities are defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Methods and assumptions used to estimate the fair values at March 31, 2025, are consistent with those used in the year ended December 31, 2024, though the carrying amounts of derivative financial instruments have changed since that date.

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    The movement of the derivative financial instruments between December 31, 2024 and March 31, 2025 is a decrease of $732 million for the current assets and a decrease of $1,020 million for the current liabilities.

    The table below provides the comparison of the fair value with the carrying amount of debt excluding lease liabilities, disclosed in accordance with IFRS 7 Financial Instruments: Disclosures.

                     
     
    DEBT EXCLUDING LEASE LIABILITIES
    $ million March 31, 2025 December 31, 2024
    Carrying amount1 48,023    48,376   
    Fair value2 44,240    44,119   

    1.    Shell issued no debt under the US shelf or under the Euro medium-term note programmes during the first quarter 2025.

    2.     Mainly determined from the prices quoted for these securities.

    7. Other notes to the unaudited Condensed Consolidated Interim Financial Statements

    Consolidated Statement of Income

    Interest and other income

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    302    683    907    Interest and other income/(expenses)    
          Of which:    
    481    548    588    Interest income    
      25    23    Dividend income (from investments in equity securities)    
    (127)   (288)   10    Net gains/(losses) on sales and revaluation of non-current assets and businesses    
    (137)   267    66    Net foreign exchange gains/(losses) on financing activities    
    85    131    219    Other    

    Depreciation, depletion and amortisation

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    5,441    7,520    5,881    Depreciation, depletion and amortisation    
          Of which:    
    5,130 5,829 5,654 Depreciation    
    311 1,797 382 Impairments    
    (1) (106) (154) Impairment reversals    

    Impairments recognised in the first quarter 2025 of $311 million pre-tax ($287 million post-tax) principally relate to Chemicals and Products.

    Impairments recognised in the fourth quarter 2024 of $2,659 million pre-tax ($2,245 million post-tax), of which $1,797 million recognised in depreciation, depletion and amortisation and $863 million recognised in share of profit of joint ventures and associates, mainly relate to Renewables and Energy Solutions ($1,068 million pre-tax; $1,000 million post-tax), Integrated Gas ($532 million pre-tax; $345 million post-tax), Marketing ($495 million pre-tax; $459 million post-tax), Chemicals and Products ($315 million pre-tax; $247 million post-tax) and Upstream ($248 million pre-tax; $194 million post-tax).

    Impairments recognised in the first quarter 2024 of $382 million pre-tax ($332 million post-tax) include smaller

    impairments in various segments.

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    Taxation charge/credit

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    4,083    3,164    3,604    Taxation charge/(credit)    
          Of which:    
    4,024 3,125 3,525 Income tax excluding Pillar Two income tax    
    59 39 79 Income tax related to Pillar Two income tax    

    As required by IAS 12 Income Taxes, Shell has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes.

    Consolidated Statement of Comprehensive Income

    Currency translation differences

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    1,711    (4,899)   (1,995)   Currency translation differences    
          Of which:    
    1,618 (5,028) (1,983) Recognised in Other comprehensive income    
    92 129 (12) (Gain)/loss reclassified to profit or loss    

    Condensed Consolidated Balance Sheet

    Other intangible assets

                       
       
    $ million      
      March 31, 2025 December 31, 2024  
    Other intangible assets 11,365    9,480     
           

    The increase in other intangible assets as at March 31, 2025 compared with December 31, 2024 is mainly related to initial recognition at fair value of favourable LNG, gas offtake and sales contracts. These were recognised following completion of the acquisition of Pavilion Energy Pte. Ltd. during the first quarter 2025. The fair value of unfavourable LNG, gas offtake and sales contracts acquired was recognised under trade and other payables.

    Assets classified as held for sale

                       
       
    $ million      
      March 31, 2025 December 31, 2024  
    Assets classified as held for sale 10,881    9,857     
    Liabilities directly associated with assets classified as held for sale 8,001    6,203     

    Assets classified as held for sale and associated liabilities at March 31, 2025 principally relate to Shell’s UK offshore oil and gas assets in Upstream, mining interests in Canada and an energy and chemicals park in Singapore, both in Chemicals and Products. Upon completion of the sale, Shell’s UK offshore assets will be derecognised in exchange for a 50% interest in a newly formed joint venture.

    The major classes of assets and liabilities classified as held for sale at March 31, 2025, are Property, plant and equipment ($8,866 million; December 31, 2024: $8,283 million), Inventories ($1,003 million; December 31, 2024: $1,180 million), Decommissioning and other provisions ($3,228 million; December 31, 2024: $3,053 million), deferred tax liabilities ($2,823 million; December 31, 2024: $2,042 million), Trade and other payables ($1,000 million; December 31, 2024: $484 million) and Debt ($839 million; December 31, 2024: $624 million).

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    1st QUARTER 2025 UNAUDITED RESULTS

    Consolidated Statement of Cash Flows

    Cash flow from operating activities – Other

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    570    (856)   509    Other    

    ‘Cash flow from operating activities – Other’ for the first quarter 2025 includes $652 million of net inflows (fourth quarter 2024: $1,447 million net outflows; first quarter 2024: $188 million net inflows) due to the timing of payments relating to emission certificates and biofuel programmes in Europe and North America and $255 million in relation to reversal of currency exchange gains on Cash and cash equivalents (fourth quarter 2024: $672 million losses; first quarter 2024: $253 million losses).

    Cash flow from investing activities – Other investing cash outflows

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    (1,394)   (655)   (1,494)   Other investing cash outflows    

    ‘Cash flow from investing activities – Other investing cash outflows’ for the first quarter 2025 includes $818 million secured term loans provided to The Shell Petroleum Development Company of Nigeria Limited (SPDC) upon completion of the sale of SPDC. The first quarter 2024 includes $645 million of debt securities acquired in the Corporate segment.

    8. Reconciliation of Operating expenses and Total Debt

                               
     
    RECONCILIATION OF OPERATING EXPENSES    
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    5,549    5,839    5,810    Production and manufacturing expenses    
    2,840    3,231    2,975    Selling, distribution and administrative expenses    
    185    331    212    Research and development    
    8,575    9,401    8,997    Operating expenses    
                               
                 
    RECONCILIATION OF TOTAL DEBT    
    March 31, 2025 December 31, 2024 March 31, 2024 $ million    
    11,391    11,630    11,046    Current debt    
    65,120    65,448    68,886    Non-current debt    
    76,511    77,078    79,931    Total debt    

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    ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES

    A.Adjusted Earnings, Adjusted earnings before interest, taxes, depreciation and amortisation (“Adjusted EBITDA”) and Cash flow from operating activities

    The “Adjusted Earnings” measure aims to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. These items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell’s financial results from period to period. This measure excludes earnings attributable to non-controlling interest when presenting the total Shell Group result but includes these items when presenting individual segment Adjusted Earnings as set out in the table below.

    We define “Adjusted EBITDA” as “Income/(loss) for the period” adjusted for current cost of supplies; identified items; tax charge/(credit); depreciation, amortisation and depletion; exploration well write-offs and net interest expense. All items include the non-controlling interest component. Management uses this measure to evaluate Shell’s performance in the period and over time.

                                                   
     
    Q1 2025 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Income/(loss) for the period 4,875 2,789 2,080 814 (77) (247) (483)
    Add: Current cost of supplies adjustment before taxation (15)     52 (67)    
    Add: Tax on current cost of supplies adjustment (2)     (14) 12    
    Less: Identified items (811) 306 (257) (49) (581) (205) (26)
    Less: Income/(loss) attributable to non-controlling interest 95            
    Less: Current cost of supplies adjustment attributable to non-controlling interest (1)            
    Add: Identified items attributable to non-controlling interest            
    Adjusted Earnings 5,577            
    Add: Non-controlling interest 94            
    Adjusted Earnings plus non-controlling interest 5,670 2,483 2,337 900 449 (42) (457)
    Add: Taxation charge/(credit) excluding tax impact of identified items 3,784 803 2,619 391 99 63 (191)
    Add: Depreciation, depletion and amortisation excluding impairments 5,130 1,404 2,213 566 852 90 6
    Add: Exploration well write-offs 28 29        
    Add: Interest expense excluding identified items 1,119 51 200 12 14 2 841
    Less: Interest income 481 4 11 4 2 461
    Adjusted EBITDA 15,250 4,735 7,387 1,869 1,410 111 (261)
    Less: Current cost of supplies adjustment before taxation (15)     52 (67)    
    Joint ventures and associates (dividends received less profit) (178) (286) (159) 203 54 10
    Derivative financial instruments (38) 542 14 10 (508) (169) 73
    Taxation paid (2,900) (773) (1,999) (174) 63 52 (68)
    Other (206) (68) (386) 396 125 (17) (257)
    (Increase)/decrease in working capital (2,663) (687) (913) (344) (1,081) 380 (19)
    Cash flow from operating activities 9,281 3,463 3,945 1,907 130 367 (531)

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    Q4 2024 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Income/(loss) for the period 1,041 1,744 1,031 103 (276) (1,226) (335)
    Add: Current cost of supplies adjustment before taxation (75)     (2) (73)    
    Add: Tax on current cost of supplies adjustment 23     2 21    
    Less: Identified items (2,778) (421) (651) (736) (99) (914) 45
    Less: Income/(loss) attributable to non-controlling interest 113            
    Less: Current cost of supplies adjustment attributable to non-controlling interest (7)            
    Add: Identified items attributable to non-controlling interest            
    Adjusted Earnings 3,661            
    Add: Non-controlling interest 106            
    Adjusted Earnings plus non-controlling interest 3,766 2,165 1,682 839 (229) (311) (380)
    Add: Taxation charge/(credit) excluding tax impact of identified items 3,371 635 2,618 266 (198) 97 (46)
    Add: Depreciation, depletion and amortisation excluding impairments 5,829 1,440 2,803 587 896 96 8
    Add: Exploration well write-offs 649 277 372
    Add: Interest expense excluding identified items 1,213 54 201 17 16 2 923
    Less: Interest income 548 3 10 7 529
    Adjusted EBITDA 14,281 4,568 7,676 1,709 475 (123) (24)
    Less: Current cost of supplies adjustment before taxation (75)     (2) (73)    
    Joint ventures and associates (dividends received less profit) 451 110 (22) 172 139 51
    Derivative financial instruments 319 120 (28) (8) 230 533 (527)
    Taxation paid (2,910) (635) (2,019) (130) 36 (41) (120)
    Other (1,461) 114 (486) (1,227) (313) 77 375
    (Increase)/decrease in working capital 2,407 114 (611) 845 1,394 353 312
    Cash flow from operating activities 13,162 4,391 4,509 1,363 2,032 850 16
                                                   
     
    Q1 2024 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Income/(loss) for the period 7,439 2,761 2,272 896 1,311 553 (354)
    Add: Current cost of supplies adjustment before taxation (360)     (153) (207)    
    Add: Tax on current cost of supplies adjustment 84     30 54    
    Less: Identified items (641) (919) 339 (7) (458) 390 14
    Less: Income/(loss) attributable to non-controlling interest 82            
    Less: Current cost of supplies adjustment attributable to non-controlling interest (12)            
    Add: Identified items attributable to non-controlling interest            
    Adjusted Earnings 7,734            
    Add: Non-controlling interest 70            
    Adjusted Earnings plus non-controlling interest 7,804 3,680 1,933 781 1,615 163 (368)
    Add: Taxation charge/(credit) excluding tax impact of identified items 4,124 996 2,522 358 338 (91)
    Add: Depreciation, depletion and amortisation excluding impairments 5,654 1,410 2,727 535 870 106 6
    Add: Exploration well write-offs 554 8 546
    Add: Interest expense excluding identified items 1,163 42 169 12 17 1 922
    Less: Interest income 588 10 14 4 560
    Adjusted EBITDA 18,711 6,136 7,888 1,686 2,826 267 (92)
    Less: Current cost of supplies adjustment before taxation (360)     (153) (207)    
    Joint ventures and associates (dividends received less profit) (582) (197) (546) 93 56 13
    Derivative financial instruments 306 (1,080) (3) (39) (402) 1,978 (149)
    Taxation paid (2,616) (467) (1,802) (175) (19) (244) 91
    Other (97) 45 (231) 393 (378) (30) 104
    (Increase)/decrease in working capital (2,752) 275 421 (792) (2,639) 481 (499)
    Cash flow from operating activities 13,330 4,712 5,727 1,319 (349) 2,466 (545)

    Identified items

    The objective of identified items is to remove material impacts on net income/loss arising from transactions which are generally uncontrollable and unusual (infrequent or non-recurring) in nature or giving rise to a mismatch between accounting and economic results, or certain transactions that are generally excluded from underlying results in the industry.

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    Identified items comprise: divestment gains and losses, impairments and impairment reversals, redundancy and restructuring, fair value accounting of commodity derivatives and certain gas contracts that gives rise to a mismatch between accounting and economic results, the impact of exchange rate movements and inflationary adjustments on certain deferred tax balances, and other items.

    See Note 2 “Segment information” for details.

    B.    Adjusted Earnings per share

    Adjusted Earnings per share is calculated as Adjusted Earnings (see Reference A), divided by the weighted average number of shares used as the basis for basic earnings per share (see Note 3).

    C.    Cash capital expenditure

    Cash capital expenditure represents cash spent on maintaining and developing assets as well as on investments in the period. Management regularly monitors this measure as a key lever to delivering sustainable cash flows. Cash capital expenditure is the sum of the following lines from the Consolidated Statement of Cash Flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities.

    See Note 2 “Segment information” for the reconciliation of cash capital expenditure.

    D.    Capital employed and Return on average capital employed

    Return on average capital employed (“ROACE”) measures the efficiency of Shell’s utilisation of the capital that it employs.

    The measure refers to Capital employed which consists of total equity, current debt, and non-current debt reduced by cash and cash equivalents.

    In this calculation, the sum of Adjusted Earnings (see Reference A) plus non-controlling interest (NCI) excluding identified items for the current and previous three quarters, adjusted for after-tax interest expense and after-tax interest income, is expressed as a percentage of the average capital employed excluding cash and cash equivalents for the same period.

                           
     
    $ million Quarters
      Q1 2025 Q4 2024 Q1 2024
    Current debt 11,046 9,931 9,044
    Non-current debt 68,886 71,610 76,098
    Total equity 188,304 188,362 195,530
    Less: Cash and cash equivalents (39,949) (38,774) (42,074)
    Capital employed – opening 228,286 231,128 238,598
    Current debt 11,391 11,630 11,046
    Non-current debt 65,120 65,448 68,886
    Total equity 180,670 180,168 188,304
    Less: Cash and cash equivalents (35,601) (39,110) (39,949)
    Capital employed – closing 221,580 218,134 228,286
    Capital employed – average 224,933 224,630 233,442

             Page 26


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                           
     
    $ million Quarters
      Q1 2025 Q4 2024 Q1 2024
    Adjusted Earnings – current and previous three quarters (Reference A) 21,558 23,716 26,338
    Add: Income/(loss) attributable to NCI – current and previous three quarters 441 427 295
    Add: Current cost of supplies adjustment attributable to NCI – current and previous three quarters 25 14 (24)
    Less: Identified items attributable to NCI (Reference A) – current and previous three quarters 18 18 (11)
    Adjusted Earnings plus NCI excluding identified items – current and previous three quarters 22,005 24,139 26,620
    Add: Interest expense after tax – current and previous three quarters 2,639 2,701 2,718
    Less: Interest income after tax on cash and cash equivalents – current and previous three quarters 1,329 1,389 1,368
    Adjusted Earnings plus NCI excluding identified items before interest expense and interest income – current and previous three quarters 23,315 25,452 27,971
    Capital employed – average 224,933 224,630 233,442
    ROACE on an Adjusted Earnings plus NCI basis 10.4% 11.3% 12.0%

    E.    Net debt and gearing

    Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risk relating to debt, and associated collateral balances. Management considers this adjustment useful because it reduces the volatility of net debt caused by fluctuations in foreign exchange and interest rates, and eliminates the potential impact of related collateral payments or receipts. Debt-related derivative financial instruments are a subset of the derivative financial instrument assets and liabilities presented on the balance sheet. Collateral balances are reported under “Trade and other receivables” or “Trade and other payables” as appropriate.

    Gearing is a measure of Shell’s capital structure and is defined as net debt (total debt less cash and cash equivalents) as a percentage of total capital (net debt plus total equity).

                           
     
    $ million  
      March 31, 2025 December 31, 2024 March 31, 2024
    Current debt 11,391    11,630    11,046   
    Non-current debt 65,120    65,448    68,886   
    Total debt 76,511    77,078    79,931   
    Of which: Lease liabilities 28,488    28,702    26,885   
    Add: Debt-related derivative financial instruments: net liability/(asset) 1,905    2,469    1,888   
    Add: Collateral on debt-related derivatives: net liability/(asset) (1,295)   (1,628)   (1,357)  
    Less: Cash and cash equivalents (35,601)   (39,110)   (39,949)  
    Net debt 41,521    38,809    40,513   
    Total equity 180,670    180,168    188,304   
    Total capital 222,190    218,974    228,817   
    Gearing 18.7  % 17.7  % 17.7  %

    F.    Operating expenses and Underlying operating expenses

    Operating expenses

    Operating expenses is a measure of Shell’s cost management performance, comprising the following items from the Consolidated Statement of Income: production and manufacturing expenses; selling, distribution and administrative expenses; and research and development expenses.

             Page 27


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                                                   
     
    Q1 2025 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Production and manufacturing expenses 5,549 947 2,139 349 1,621 486 8
    Selling, distribution and administrative expenses 2,840 38 42 2,053 442 153 111
    Research and development 185 22 32 42 25 21 43
    Operating expenses 8,575 1,006 2,213 2,444 2,088 661 162
                                                   
     
    Q4 2024 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Production and manufacturing expenses 5,839 982 2,470 270 1,632 480 5
    Selling, distribution and administrative expenses 3,231 39 96 2,258 471 241 126
    Research and development 331 40 69 73 46 37 66
    Operating expenses 9,401 1,061 2,635 2,602 2,149 757 196
                                                   
     
    Q1 2024 $ million
      Total Integrated Gas Upstream Marketing Chemicals and Products Renewables and Energy Solutions Corporate
    Production and manufacturing expenses 5,810 956 2,269 366 1,634 579 5
    Selling, distribution and administrative expenses 2,975 62 58 2,188 420 158 89
    Research and development 212 26 58 34 34 12 49
    Operating expenses 8,997 1,044 2,385 2,587 2,088 749 144

    Underlying operating expenses

    Underlying operating expenses is a measure aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors.

                               
         
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    8,575    9,401    8,997    Operating expenses    
    (44)   (174)   (73)   Redundancy and restructuring (charges)/reversal    
    (101)   (88)   —    (Provisions)/reversal    
    23    —    130    Other    
    (121)   (262)   57    Total identified items    
    8,453    9,138    9,054    Underlying operating expenses    

    G.    Free cash flow and Organic free cash flow

    Free cash flow is used to evaluate cash available for financing activities, including dividend payments and debt servicing, after investment in maintaining and growing the business. It is defined as the sum of “Cash flow from operating activities” and “Cash flow from investing activities”.

    Cash flows from acquisition and divestment activities are removed from Free cash flow to arrive at the Organic free cash flow, a measure used by management to evaluate the generation of free cash flow without these activities.

             Page 28


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    9,281    13,162    13,330    Cash flow from operating activities    
    (3,959)   (4,431)   (3,528)   Cash flow from investing activities    
    5,322    8,731    9,802    Free cash flow    
    597    805    1,025    Less: Divestment proceeds (Reference I)    
    45      —    Add: Tax paid on divestments (reported under “Other investing cash outflows”)    
    130    525    62    Add: Cash outflows related to inorganic capital expenditure1    
    4,899    8,453    8,839    Organic free cash flow2    

    1.Cash outflows related to inorganic capital expenditure includes portfolio actions which expand Shell’s activities through acquisitions and restructuring activities as reported in capital expenditure lines in the Consolidated Statement of Cash Flows.

    2.Free cash flow less divestment proceeds, adding back outflows related to inorganic expenditure.

    H.    Cash flow from operating activities excluding working capital movements

    Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables.

    Cash flow from operating activities excluding working capital movements is a measure used by Shell to analyse its operating cash generation over time excluding the timing effects of changes in inventories and operating receivables and payables from period to period.

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    9,281    13,162    13,330    Cash flow from operating activities    
    854    131    (608)   (Increase)/decrease in inventories    
    (2,610)   751    (195)   (Increase)/decrease in current receivables    
    (907)   1,524    (1,949)   Increase/(decrease) in current payables    
    (2,663)   2,407    (2,752)   (Increase)/decrease in working capital    
    11,944    10,755    16,082    Cash flow from operating activities excluding working capital movements    

    I.    Divestment proceeds

    Divestment proceeds represent cash received from divestment activities in the period. Management regularly monitors this measure as a key lever to deliver free cash flow.

                               
     
    Quarters $ million  
    Q1 2025 Q4 2024 Q1 2024      
    559    493 323 Proceeds from sale of property, plant and equipment and businesses    
    33    305 133 Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans    
      6 569 Proceeds from sale of equity securities    
    597    805 1,025 Divestment proceeds    

             Page 29


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    CAUTIONARY STATEMENT

    All amounts shown throughout this Unaudited Condensed Interim Financial Report are unaudited. All peak production figures in Portfolio Developments are quoted at 100% expected production. The numbers presented throughout this Unaudited Condensed Interim Financial Report may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures, due to rounding.

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this Unaudited Condensed Interim Financial Report, “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” 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. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this Unaudited Condensed Interim Financial Report, refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” 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.

    Forward-Looking statements

    This Unaudited Condensed Interim Financial Report 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’s 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’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” 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 Unaudited Condensed Interim Financial Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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 Unaudited Condensed Interim Financial Report 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’s Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this Unaudited Condensed Interim Financial Report and should be considered by the reader. Each forward-looking statement speaks only as of the date of this Unaudited Condensed Interim Financial Report, May 2, 2025. 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 Unaudited Condensed Interim Financial Report.

    Shell’s net carbon intensity

    Also, in this Unaudited Condensed Interim Financial Report we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

    Shell’s net-zero emissions target

    Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

    Forward-Looking non-GAAP measures

    This Unaudited Condensed Interim Financial Report may contain certain forward-looking non-GAAP measures such as cash capital expenditure and Adjusted Earnings. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

    The contents of websites referred to in this Unaudited Condensed Interim Financial Report do not form part of this Unaudited Condensed Interim Financial Report.

    We may have used certain terms, such as resources, in this Unaudited Condensed Interim Financial Report 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 www.sec.gov.

             Page 30


    SHELL PLC
    1st QUARTER 2025 UNAUDITED RESULTS

    This announcement contains inside information.

    May 2, 2025

         
    The information in this Unaudited Condensed Interim Financial Report reflects the unaudited consolidated financial position and results of Shell plc. Company No. 4366849, Registered Office: Shell Centre, London, SE1 7NA, England, UK.

    Contacts:

    – Sean Ashley, Company Secretary

    – Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

    LEI number of Shell plc: 21380068P1DRHMJ8KU70

    Classification: Inside Information

             Page 31

    The MIL Network

  • MIL-OSI: Shell plc publishes first quarter 2025 press release

    Source: GlobeNewswire (MIL-OSI)

    London, May 2, 2025

    “Shell delivered another solid set of results in the first quarter of 2025. We further strengthened our leading LNG business by completing the acquisition of Pavilion Energy, and high-graded our portfolio with the completion of the Nigeria onshore and the Singapore Energy and Chemicals Park divestments.

    Our strong performance and resilient balance sheet give us the confidence to commence another $3.5 billion of buybacks for the next three months, consistent with the strategic direction we set out at our Capital Markets Day in March.”

    Shell plc Chief Executive Officer, Wael Sawan


     

    SOLID RESULTS; RESILIENT BALANCE SHEET; CONSISTENT DISTRIBUTIONS

    • Q1 2025 Adjusted Earnings1 of $5.6 billion reflect strong performance across the business. CFFO excluding working capital was $11.9 billion for the quarter. Working capital outflow was $2.7 billion in Q1 2025.
    • Strengthened LNG trading and optimisation capabilities with the Pavilion Energy acquisition and high-graded the portfolio with the completion of the divestments of the Singapore Energy and Chemicals Park2, and SPDC3 in Nigeria.
    • Disciplined capital allocation, with 2025 cash capex outlook of $20 – 22 billion.
    • Commencing another $3.5 billion share buyback programme for the next 3 months, making this the 14th consecutive quarter of at least $3 billion in buybacks. Total shareholder distributions paid over the last 4 quarters were 45% of CFFO, consistent with the 40 – 50% of CFFO through the cycle distribution target announced at Capital Markets Day 2025.
    • Resilient balance sheet with gearing (including leases) of 19%.
    $ million1 Adj. Earnings Adj. EBITDA CFFO Cash capex
    Integrated Gas 2,483 4,735 3,463 1,116
    Upstream 2,337 7,387 3,945 1,923
    Marketing 900 1,869 1,907 256
    Chemicals & Products4 449 1,410 130 458
    Renewables & Energy Solutions (42) 111 367 403
    Corporate (457) (261) (531) 19
    Less: Non-controlling interest (NCI) 94      
    Shell Q1 2025 5,577 15,250 9,281 4,175
    Q4 2024 3,661 14,281 13,162 6,924

    1Income/(loss) attributable to shareholders for Q1 2025 is $4.8 billion. Reconciliation of non-GAAP measures can be found in the unaudited results, available at www.shell.com/investors.
    2 Completed on April 1, 2025.
    3The Shell Petroleum Development Company of Nigeria Limited.
    4Chemicals & Products Adjusted Earnings at a subsegment level are as follows: Chemicals $(0.1) billion and Products $0.6 billion.


     

    • CFFO excluding working capital is $11.9 billion in Q1 2025 and reflects tax payments of $2.9 billion. Working capital outflow is $2.7 billion, consistent with outflows as we have seen in the first quarters of recent years.
    • Net debt of $41.5 billion includes the lease additions related to the Pavilion Energy acquisition as well as a drawdown on the loan facilities provided at the completion of the sale of SPDC in Nigeria.
    $ billion1 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
    Working capital (2.8) (0.3) 2.7 2.4 (2.7)
    Divestment proceeds 1.0 0.8 0.2 0.8 0.6
    Free cash flow 9.8 10.2 10.8 8.7 5.3
    Net debt 40.5 38.3 35.2 38.8 41.5

    1 Reconciliation of non-GAAP measures can be found in the unaudited results, available at www.shell.com/investors.


     

    Q1 2025 FINANCIAL PERFORMANCE DRIVERS

    INTEGRATED GAS

    Key data Q4 2024 Q1 2025 Q2 2025 outlook
    Realised liquids price ($/bbl) 63 64
    Realised gas price ($/thousand scf) 8.1 7.4
    Production (kboe/d) 905 927 890 – 950
    LNG liquefaction volumes (MT) 7.1 6.6 6.3 – 6.9
    LNG sales volumes (MT) 15.5 16.5
    • Adjusted Earnings were higher than in Q4 2024, reflecting lower exploration well write-offs. Trading and optimisation results were in line with Q4 2024, despite higher unfavourable (non-cash) impact from expiring hedging contracts.
    • Q2 2025 production and liquefaction outlook reflects higher scheduled maintenance across the portfolio.

    UPSTREAM

    Key data Q4 2024 Q1 2025 Q2 2025 outlook
    Realised liquids price ($/bbl) 71 71
    Realised gas price ($/thousand scf) 7.0 7.4
    Liquids production (kboe/d) 1,332 1,335
    Gas production (million scf/d) 3,056 3,020
    Total production (kboe/d) 1,859 1,855 1,560 – 1,760
    • Adjusted Earnings were higher than in Q4 2024, reflecting lower depreciation following year-end reserves updates and lower well write-offs, partially offset by lower sales volumes.
    • Q2 2025 production outlook reflects scheduled maintenance and the completed sale of SPDC in March 2025.

    MARKETING

    Key data Q4 2024 Q1 2025 Q2 2025 outlook
    Marketing sales volumes (kb/d) 2,795 2,674 2,600 – 3,100
    Mobility (kb/d) 2,041 1,964
    Lubricants (kb/d) 77 87
    Sectors & Decarbonisation (kb/d) 678 623
    • Adjusted Earnings were higher than in Q4 2024, supported by seasonally stronger margins in Lubricants.

    CHEMICALS & PRODUCTS

    Key data Q4 2024 Q1 2025 Q2 2025 outlook1
    Refinery processing intake (kb/d) 1,215 1,362
    Chemicals sales volumes (kT) 2,926 2,813
    Refinery utilisation (%) 76 85 87 – 95
    Chemicals manufacturing plant utilisation (%) 75 81 74 – 82
    Global indicative refining margin ($/bbl) 5.5 6.2
    Global indicative chemical margin ($/t) 138 126

    1Following the Singapore Energy and Chemicals Park divestment, IRM, ICM and associated sensitivities have been updated for Q2 2025; see the guidance tab of the Quarterly Databook, available at www.shell.com/investors.

    • Trading and optimisation results were significantly higher than in Q4 2024 and in line with contributions in Q2 and Q3 of 2024, while the Chemicals results continued to be impacted by a weak margin environment.
    • Q2 2025 outlook reflects the completed sale of the Energy and Chemicals Park in Singapore.

    RENEWABLES & ENERGY SOLUTIONS

    Key data Q4 2024 Q1 2025
    External power sales (TWh) 76 76
    Sales of pipeline gas to end-use customers (TWh) 165 184
    Renewables power generation capacity (GW)* 7.4 7.5
    • in operation (GW)
    3.4 3.5
    • under construction and/or committed for sale (GW)
    4.0 4.0

    *Excludes Shell’s equity share of associates where information cannot be obtained.

    • Adjusted Earnings were higher than in Q4 2024, with higher seasonal demand and volatility driving higher trading and optimisation, particularly in the Americas.

    Renewables and Energy Solutions includes activities such as renewable power generation, the marketing and trading and optimisation of power and pipeline gas, as well as carbon credits, and digitally enabled customer solutions. It also includes the production and marketing of hydrogen, development of commercial carbon capture and storage hubs, investment in nature-based projects that avoid or reduce carbon emissions, and Shell Ventures, which invests in companies that work to accelerate the energy and mobility transformation.

    CORPORATE

    Key data Q4 2024 Q1 2025 Q2 2025 outlook
    Adjusted Earnings ($ billion) (0.4) (0.5) (0.6) – (0.4)

    UPCOMING INVESTOR EVENTS

    May 20, 2025 Annual General Meeting
    July 31, 2025 Second quarter 2025 results and dividends
    October 30, 2025 Third quarter 2025 results and dividends


     

    USEFUL LINKS

    Results materials Q1 2025
    Quarterly Databook Q1 2025
    Webcast registration Q1 2025
    Dividend announcement Q1 2025
    Capital Markets Day 2025 materials


     

    ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES
    This announcement includes certain measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles (GAAP) such as IFRS, including Adjusted Earnings, Adjusted EBITDA, CFFO excluding working capital movements, free cash flow, Divestment proceeds and Net debt. This information, along with comparable GAAP measures, is useful to investors because it provides a basis for measuring Shell plc’s operating performance and ability to retire debt and invest in new business opportunities. Shell plc’s management uses these financial measures, along with the most directly comparable GAAP financial measures, in evaluating the business performance.

    This announcement may contain certain forward-looking non-GAAP measures such as Adjusted Earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile the non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of the company, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are estimated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

    CAUTIONARY STATEMENT
    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” 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. “Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” 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’s 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’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; “anticipate”; “aspire”; “aspiration”; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” 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’s 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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’s Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). 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, May 2, 2025. 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.
    All amounts shown throughout this announcement are unaudited. The numbers presented throughout this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures, due to rounding.
    Shell’s Net Carbon Intensity
    Also, in this  announcement, we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

    Shell’s Net-Zero Emissions Target
    Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

    The content of websites referred to in this announcement does not form part of this announcement.

    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 www.sec.gov.

    The financial information presented in this announcement does not constitute statutory accounts within the meaning of section 434(3) of the Companies Act 2006 (“the Act”). Statutory accounts for the year ended December 31, 2024 were published in Shell’s Annual Report and Accounts, a copy of which was delivered to the Registrar of Companies for England and Wales. The auditor’s report on those accounts was unqualified, did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying the report and did not contain a statement under sections 498(2) or 498(3) of the Act.

    The information in this announcement does not constitute the unaudited condensed consolidated financial statements which are contained in Shell’s first quarter 2025 unaudited results available on www.shell.com/investors.

    CONTACTS

    • Media: International +44 207 934 5550; U.S. and Canada: Contact form

    The MIL Network

  • MIL-OSI USA: Weber Washington Times Op-Ed: The world runs on Southeast Texas energy

    Source: United States House of Representatives – Congressman Randy Weber (14th District of Texas)

    Washington, D.C. – In a new op-ed in the Washington Times, U.S. Rep. Randy Weber (TX-14), the Chairman of the Energy Subcommittee on the Science, Space, and Technology Committee and Vice-Chair of the Energy Subcommittee on the Energy and Commerce Committee, details the urgent need to restore American energy leadership by investing in the Gulf Coast — particularly Southeast Texas.

    Below, please find an excerpt from the op-ed.

    The world runs on Southeast Texas energy

    Washington Times

    By: Representative Randy Weber

    April 28, 2025

    “When America needs energy, it turns to Texas and more specifically, to Southeast Texas. We don’t just refine oil or export gas. We fuel economies, empower allies, and protect national security. In short: we are the energy capital of the world…

    “Our energy sector supports millions of well-paying jobs across America and tens of thousands of those are in Southeast Texas. These are jobs that don’t require four-year degrees, but do demand skill, grit, and the kind of work ethic that built this county. Welders, pipefitters, engineers, rig hands, terminal operators, truck drivers, safety techs this is the American workforce at its best…

    “We have four years to do a lot of important work that has been neglected for years. If we want to continue our energy dominance, we must double down on Southeast Texas…

    “That means investing in critical infrastructure pipelines, ports, and power grids to move our products faster and safer. It means cutting the red tape that delays permits and discourages innovation. It means unleashing the full potential of LNG, hydrogen, and carbon capture, and empowering the hardworking men and women who keep our energy economy running.”

    MIL OSI USA News

  • MIL-OSI USA: What’s Up: May 2025 Skywatching Tips from NASA

    Source: NASA

    [embedded content]

    The first week of May brings the annual Eta Aquarid meteors, peaking on the 6th. And sometime in the next few months, astronomers predict a “new star” or nova explosion will become visible to the unaided eye. 

    All Month – Planet Visibility: 

    Venus: Appears very bright and low in the east in the hour before sunrise all month. 

    Mars: Easy to find in the west in the first few hours of the night, all month long. Sets around midnight to 1 a.m. local time. 

    Jupiter: Shines brightly in the west following sunset all month. Early in the month it sets about two hours after the Sun, but by late May it’s setting only an hour after sunset. 

    Saturn: Begins the month next to Venus, low in the eastern sky before sunrise. Quickly separates from Saturn and rises higher in the sky each day before dawn. 

    Daily Highlights
    May 6 – Eta Aquarid Meteors – The peak of this annual shower is early on the morning of May 6th. The two or three nights before that are also decent opportunities to spy a few shooting stars. On the peak night this year, the Moon sets by around 3 a.m., leaving dark skies until dawn, for ideal viewing conditions. Seeing 10-20 meteors per hour is common for the Northern Hemisphere, while south of the equator, observers tend to see substantially more. 
    May 3 – Mars & Moon: The first quarter Moon appears right next to the Red Planet on the 3rd. Find them in the west during the first half of the night that evening. 
    All month – Venus & Saturn: Low in the eastern sky each morning you’ll find bright Venus paired with much fainter Saturn. They start the month close together, but Saturn pulls away and rises higher over the course of the month. 
    All month – Mars & Jupiter: The planets to look for on May evenings are Mars and Jupiter. They’re visible for a couple of hours after sunset in the western sky. 
    All month – Corona Borealis: Practice finding this constellation in the eastern part of the sky during the first half of the night, so you have a point of comparison when the T CrB nova appears there, likely in the next few months. 

    What’s Up for May? Four bright planets, morning and night, a chance of meteor showers, and waiting for a nova. 
    May Planet Viewing 
    For planet watching this month, you’ll find Mars and Jupiter in the west following sunset. Mars sticks around for several hours after it gets dark out, but Jupiter is setting by 9:30 or 10 p.m., and getting lower in the sky each day. The first quarter Moon appears right next to the Red Planet on the 3rd. Find them in the west during the first half of the night that evening. 

    In the morning sky, Venus and Saturn are the planets to look for in May. They begin the month appearing close together on the sky, and progressively pull farther apart as the month goes on. For several days in late May, early risers will enjoy a gathering of the Moon with Saturn and Venus in the eastern sky before dawn. Watch as the Moon passes the two planets while becoming an increasingly slimmer crescent. You’ll find the Moon hanging between Venus and Saturn on the 23rd.   
    Eta Aquarid Meteor Shower 
    Early May brings the annual Eta Aquarid meteor shower. These are meteors that originate from Comet Halley. Earth passes through the comet’s dust stream each May, and again in October. Eta Aquarids are fast moving, and a lot of them produce persistent dust trains that linger for seconds after the meteor’s initial streak.  
    This is one of the best annual showers in the Southern Hemisphere, but tends to be more subdued North of the Equator, where we typically see 10-20 meteors per hour. On the peak night this year, the Moon sets by around 3 a.m., leaving dark skies until dawn, for ideal viewing conditions. While the peak is early on the morning of May 6th, the two or three nights before that are also decent opportunities to spy a few shooting stars. 
    Waiting for a Nova 

    Astronomers have been waiting expectantly for light from a distant explosion to reach us here on Earth. An event called a nova is anticipated to occur sometime in the coming months. Some 3,000 light years away is a binary star system called T Coronae Borealis, or “T CrB.” It consists of a red giant star with a smaller white dwarf star orbiting closely around it. Now the giant’s outer atmosphere is all puffed up, and the dwarf star is close enough that its gravity continually captures some of the giant’s hydrogen. About every 80 years, the white dwarf has accumulated so much of the other star’s hydrogen, that it ignites a thermonuclear explosion. And that’s the nova. 
    T Coronae Borealis is located in the constellation Corona Borealis, or the “Northern Crown,” and it’s normally far too faint to see with the unaided eye. But it’s predicted the nova will be as bright as the constellation’s brightest star, which is about as bright as the North Star, Polaris. You’ll find Corona Borealis right in between the two bright stars Arcturus and Vega, and you can use the Big Dipper’s handle to point you to the right part of the sky. Try having a look for it on clear, dark nights before the nova, so you’ll have a comparison when a new star suddenly becomes visible there. 

    Now, you may have heard about this months ago, as astronomers started keeping watch for the nova midway through 2024, but it hasn’t happened yet. Predicting exactly when novas or any sort of stellar outburst will happen is tricky, but excitement began growing when astronomers observed the star to dim suddenly, much as it did right before its previous nova in 1946. When the nova finally does occur, it won’t stay bright for long, likely flaring in peak brightness for only a few days. And since it’s not predicted again for another 80 years, you might just want to join the watch for this super rare, naked eye stellar explosion in the sky! 
    Here are the phases of the Moon for May. 

    You can stay up to date on all of NASA’s missions exploring the solar system and beyond at NASA Science.
    I’m Preston Dyches from NASA’s Jet Propulsion Laboratory, and that’s What’s Up for this month. 

    MIL OSI USA News