FUTURE OF ENERGY CHALLENGE
Visit the Net Impact website to learn more about our partner, the Accelerator, and more!
Shell partners with Net Impact to give the next generation of thinkers, inventors, and entrepreneurs the opportunity to design and innovate solutions to modern day problems related to mobility.
For the 4th year in a row, Shell is partnering with Net Impact to host the Future of Energy Challenge. Net Impact is a non-profit organization that serves innovators and entrepreneurs at both the university level and in the professional world. Net Impact has a passion for empowering and equipping the next generation for success in reaching their goals and changing the world.
In the Future of Energy Challenge, Net Impact chapter members collaborate to design and innovate solutions to challenges related to mobility, energy and more. The finalist teams are paired with Shell mentors to develop their ideas into strong proposals. The teams are then brought together to participate in an accelerator to further develop their proposals and help them get to “market-ready” status. Shell hosts this challenge to encourage and inspire the leaders of tomorrow by giving them a platform for expression, ingenuity and creativity when it comes to solving the latest challenges in energy and mobility.
In this year’s competition, students are challenged to find innovative solutions to reduce scope 3 emissions. Scope 3 emissions are often the most complex portion of a company’s GHG footprint, and because they are indirect emissions that take place down the supply chain and outside the company’s direct control, it is often more difficult for companies to address them in efforts to reduce their overall carbon footprint.
Shell aims to reduce the carbon intensity of the energy products we sell by 100% by 2050 in step with society1 – an ambition that requires consideration of scope 3 emissions produced by customers. Becoming a net-zero emissions energy business is a huge task. The business plans we have today will not get us there. Our plans must change over time, as society and our customers also change. Amidst the complexity of supply chains, addressing scope 3 GHG emissions is an area with substantial opportunities for aspiring entrepreneurs looking to have an impact in the energy space. Shell is excited to invite the next generation of innovators and entrepreneurs to submit their solutions to this year’s Future of Energy Challenge.
The Future of Energy Challenge has produced innovative and viable business solutions that have changed the landscape of the mobility and energy space. For example, the winners of the 2019 competition, ElecTrip, developed their idea through the Future of Energy Challenge and are now a fully operational business. ElecTrip is an electric-vehicle transportation company that uses Teslas to transport customers to and from cities like Houston, Austin and San Antonio. ElecTrip has completed over 1,000 rides and serves companies like McKinsey & Company, Pricewaterhouse Coopers, and Apple.
1We may refer to Shell’s “Net Carbon Footprint”, 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 only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries. Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, Shell’s operating plans, outlooks, budgets and pricing assumptions do not reflect our net-zero emissions target. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans, outlooks, budgets and pricing assumptions to reflect this movement.
Click here to learn more about the 2021 Future of Energy Challenge!
Click here to learn more about the 2020 final pitch competition.
Click here to learn more about the Future of Energy Challenge: Mobility, Net Impact, and more!
Click here to learn more about Electrip, the 2019 Future of Energy Challenge Winner!