58. Shell’s Closure of Hydrogen Refueling Stations

How Many Stores Closing: 7 Stations In CA 

Current Value of the Business: $249 billion*

By 2024, Shell has announced the definitive shutdown of its seven hydrogen refueling stations across California, attributing the move to ‘supply complications and external market factors.’ This marks an end to Shell’s earlier ambitions of expanding its network by adding 48 new sites for light-duty vehicle refueling in the state.

This strategic pivot stems from various market dynamics, pushing Shell to refocus its efforts. The energy giant is now emphasizing hydrogen fuel solutions for heavy-duty vehicles while advancing its electric vehicle (EV) charging infrastructure as part of its commitment to decarbonizing light-duty transport, per statements from a Shell representative.