LONDON, July 29, 2025 /PRNewswire/ — The Energy Transitions Commission (ETC) has today published a landmark report, Power Systems Transformation: Delivering Competitive, Resilient Electricity in High-Renewable Systems. The report sets out that global power systems dominated by wind and solar generation can reliably deliver electricity at costs comparable to or lower than today’s fossil fuel-based power systems in most parts of the world.

Electricity is projected to provide up to 70% of global final energy consumption in a decarbonised energy system, growing from around 20% today. Total global electricity demand could potentially triple, reaching 90,000 TWh by 2050 compared to 30,000 TWh today, and be met with new generation predominantly from wind and solar.

A Global Opportunity

The report shows that many countries can operate power systems with 70% or more electricity from wind and solar, using proven technologies available today, like battery storage, other energy storage, long-distance transmission, and flexible energy use. It highlights significant regional opportunities:

  • “Sun belt” countries – including India, Mexico, and much of Africa – are best-positioned to cut power system costs by transitioning to low-cost, solar-led systems, which mainly require day-night balancing.
  • In contrast, “wind belt” countries – such as the UK, Germany, and Canada – that rely on higher shares of wind face higher balancing costs, but can still achieve affordable, stable systems through smart policy and innovation.
  • In many regions, long-distance transmission lines can be one of the most cost-effective solutions to balancing supply and demand, and should be maximised where feasible.

Rapid electrification of buildings, transport and industries and decarbonisation of power systems must advance together to keep costs per kilowatt-hour affordable for consumers and businesses.

“Multiple technologies, including nuclear and geothermal, may play a role in zero-carbon power systems. But wind and solar will be the dominant source of power in most countries, providing 70% or more of electricity at costs at or below today’s fossil-based systems. In particular, in the global sun belt, the collapsing cost of solar PV and batteries makes possible far cheaper and more rapid growth in green electricity supply than seemed feasible 10 years ago. But wind belt countries can also achieve cost-effective decarbonisation by leading in offshore wind, long-duration storage, and grid innovation.” said Adair Turner, Chair of the Energy Transitions Commission.

Key Findings:

  • It is technically possible for wind- and solar-dominant systems to be stable and resilient with the right mix of balancing and grid technologies. These systems are no more likely to experience blackouts than thermal generation-dominated systems.
  • High wind and solar systems can be competitive with today’s wholesale prices and grid costs. Sun belt countries could see costs more than halve to $30$40/MWh by 2050. Wind-dependent country costs (e.g., UK) are higher, but in the future could be comparable to current levels.
  • The “last mile” of decarbonisation will be the most expensive, particularly in countries which need ultra-long duration balancing to meet seasonal variations in supply and demand. Once countries have reached very low levels of carbon intensity (e.g., less than 50g per kWh), electrification is more important than rapid last-mile decarbonisation.
  • Up to 30% of all global power demand could be time-shifted through demand-side flexibility. This requires the development of dynamic pricing and the use of smart management technologies.
  • Grid costs per kWh can be kept stable. Total global grid length will need to more than double by 2050, reaching around 150–200 million km. Annual grid investment could rise from $370 billion in 2024, peaking at $870 billion in the 2030s. However, ~35% of grid expansion costs (equivalent to $1.3 trillion in Europe1) could be avoided between now and 2050 through the usage of innovative grid technologies.
  • Delivering low-cost, high variable renewable energy power systems will require strategic vision and planning, including market reform to put all technologies on a level playing field, grid modernisation enabled by innovative technologies, supply chain development strategies and customer engagement.

“Clean electricity is essential for climate action and is the most affordable way to power economic development. Countries can build resilient economies fit for the future by investing in renewables, grids, and flexibility now. Indeed it is their obligation to do so, according to the recent ICJ advisory opinion. Low-cost, clean power is what people, industry and businesses want. Countries must deliver it now, and this report shows that they can.” said Christiana Figueres, Founding Partner, Global Optimism.

Policymakers, the power industry, and financial institutions should collaborate to ensure:

  • Appropriate planning of high wind/solar systems to expedite planning approvals and minimise deployment bottlenecks.
  • Electrification of demand that keeps pace with generation and grid build-out to avoid the cost per kWh increasing for consumers.
  • Accelerate power market reforms to unlock investment in critical technologies.
  • Address workforce and supply chain bottlenecks to enable delivery at scale.

“Renewables are the core of the global energy transition, delivering clean, reliable, and affordable power. Wind, solar, hydropower, geothermal, storage and modern grids are transforming electricity systems and opening new opportunities for growth, investment, and energy security.

To keep this momentum, deployment must advance alongside grid expansion, market reform, and investment. Together, these build competitive, resilient systems that support jobs and economic progress. With governments leading and the private sector supporting, renewables will deliver a clean, secure, and just energy future.” said Bruce Douglas, CEO at Global Renewables Alliance.

The ETC also published a supplementary briefing, Connecting the World: Long-Distance Transmission as a Key Enabler of a Zero-Carbon Economy, focused on the role of cross-border interconnectors and long-distance transmission in accelerating the energy transition.

Additional Quotes

Additional quotes from Ausgrid, Iberdrola, Mission Possible Partnership, Octopus Energy, Schneider Electric, SSE, Ember, and Transition Zero are available here.

About the ETC:
Power Systems Transformation: Delivering Competitive, Resilient Electricity in High-Renewable Systems was developed in collaboration with ETC members from across industry, financial institutions, and civil society. The Energy Transitions Commission is a global coalition of leaders from across the energy landscape committed to achieving net-zero emissions by mid-century. This report constitutes a collective view of the ETC; however, it should not be taken as members agreeing with every finding or recommendation.

Download the report: https://url.uk.m.mimecastprotect.com/s/HXpOC14zlTp3o0nsXs4iV1vhC?domain=energy-transitions.org/

 

For further information on the ETC, please visit: https://www.energy-transitions.org

1 BNEF (2024), New Energy Outlook.

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SOURCE Energy Transitions Commission

MEXICO CITY, July 28, 2025 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, declared today a cash distribution of Ps. 1,117.2 million (US$60.2 million), or Ps. 0.6958 per Certificado Bursátil Fiduciario Inmobiliario (“CBFI”) (US$ 0.0375 per CBFI).

The distribution is payable August 12, 2025, to CBFI holders.

Ex-dividend date of August 11, 2025.

Record date of August 11, 2025.

Legal Basis

Concept

Generated

Payment Date

Total Amount (Ps$)

Number of CBFIs

Ps$/CBFI

Article 187, section VI, ISR Law

Fiscal Result Distributed in cash

Jun-25

12-Aug-25

$       1,117,185,574.69

1,605,627,494

$                    0.6958

Fiscal Result Distributed in Certificates

Jun-25

12-Aug-25

$                                –

1,605,627,494

$                            –

 Total Distributed Fiscal Result (subject to withholding as applicable)

$       1,117,185,574.69

1,605,627,494

Article 188, section IX, ISR Law

Capital reimbursement

Jun-25

12-Aug-25

$                                –

$                            –

Total amount distributed (Fiscal Result + Capital Reimbursement)

$       1,117,185,574.69

1,605,627,494

$                    0.6958

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of June 30, 2025, the company’s portfolio comprised 507 Investment Properties, totaling 87.0 million square feet (8.1 million square meters). This includes 345 logistics and manufacturing facilities across 6 industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) and 162 buildings with 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

(PRNewsfoto/FIBRA Prologis)

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SOURCE FIBRA Prologis

MEXICO CITY, July 28, 2025 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the second quarter 2025.

HIGHLIGHTS FROM THE QUARTER:

  • Record net effective rents on rollover were 68.0 percent.
  • Period-end and average occupancy were 97.7 and 98.2 percent, respectively.
  • Customer retention was 86.0 percent.
  • Same store cash NOI was 0.1 percent.
  • Published our annual Impact and Sustainability report.

Net earnings per CBFI was Ps. 1.8021 (US$0.0915) for the quarter compared with Ps. 0.7770 (US$0.0470) for the same period in 2024.

Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 1.1634 (US$0.0585) for the quarter compared with Ps0.8112 (US$0.0485) for the same period in 2024.

SOLID OPERATING RESULTS 

“In the first half of the year, we delivered strong financial results and strong operational outperformance. Amid trade headwinds and evolving market dynamics, our strategic focus on resilient consumption-driven hubs and disciplined execution continues to drive sustainable growth and long-term value for our stakeholders,” said Héctor Ibarzábal, CEO of FIBRA Prologis.

Operating Portfolio

2Q25

2Q24

2Q25 Notes

Period End Occupancy 

97.7 %

98.4 %

Five markets above 96%.

Average Occupancy

98.2 %

98.6 %

Above 97% since 2Q21.

Leases Commenced

2.1 MSF

1.3 MSF

The activity was concentrated mainly in
Mexico City and Guadalajara.

Customer Retention

86.0 %

65.8 %

Net Effective Rent Change

68.0 %

58.1 %

Led by Monterrey, Mexico City and
Juarez.

Same Store Cash NOI

0.1 %

11.9 %

Led mainly by rent change and annual
rent increases, partially offset by FX.

Same Store Net Effective NOI

5.0 %

11.2 %

Led by rent change and annual rent
increases.

As a reminder, FIBRA Terrafina was managed by a third party through November 30, 2024. As such, some metrics only include FIBRA Terrafina activity after December 1, 2024.

FINANCIAL POSITION

As of June 30, 2025, FIBRA Prologis’ leverage was 22.8 percent and liquidity was approximately Ps. 21.5 billion (US$1.1 billion), which included Ps. 19.7 billion (US$1.0 billion) of available capacity on its unsecured credit facility and Ps. 1.8 billion (US$97 million) of unrestricted cash.

UPDATED GUIDANCE FOR 2025

(US$ in million, except per
CBFI amounts)

Previous

New

FX = Ps$20.5 per US$1.00

Low

High

Low

High

Notes

FFO per CBFI

US$0.2000

US$0.2200

US$0.2200

US$0.2400

Excludes the impact of
foreign exchange
movements and any
potential incentive fee.

WEBCAST & CONFERENCE CALL INFORMATION

FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:                                                     

  • Tuesday, July 29, 2025, at 9 a.m. Mexico Time.
  • Access the live webcast at www.fibraprologis.com, in the Investor Relations section, by clicking Events.
  • Dial in: +1 888 596 4144 or +1 646 968 2525 and enter Passcode 4603995.

A telephonic replay will be available July 29August 5 at +1 800 770 2030 from the U. S. and Canada or at +1 647 362 9199 from all other countries using conference code 4603995. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of June 30, 2025, the company’s portfolio comprised 507 Investment Properties, totaling 87.0 million square feet (8.1 million square meters). This includes 345 logistics and manufacturing facilities across 6 industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) and 162 buildings with 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, expected distributions, and our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, trade relations, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to global pandemics, and (x) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and  the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

(PRNewsfoto/FIBRA Prologis)

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SOURCE FIBRA Prologis

Verizon

Foreign Language Academy in Kansas City builds student confidence through adaptable, tech-forward lesson plans.

Verizon Innovative Learning Schools Coach Abigail Thompson collaborates with colleagues at Foreign Language Academy, teaching them how to implement Verizon Innovative Learning HQ lesson plans in their classrooms using available technology. Photo credit: Nicole Bissey

When Abigail Thompson joined Foreign Language Academy in Kansas City, Missouri, as the Verizon Innovative Learning Schools Coach, she made it her personal mission to inspire teachers and students with technology and share ways that classroom tech could reshape learning.

“I had already been a teacher in Kansas City Public Schools, and I was really interested in technology and how it’s best used in the classroom,” Thompson says. “I like that I still get to work with kids in some capacity, but I love that I get to help other teachers be great.”

In her role, Thompson has helped teachers successfully implement lesson plans from Verizon Innovative Learning HQ, which offers free to all educators more than 450 tech-based lessons, created by partners like McGraw Hill, Discovery Education and Arizona State University. The lesson plans cover subjects from game design to biology and beyond.

Occasionally, Thompson finds an appealing lesson plan that suggests using a tool or app that the school doesn’t have. “The reality is maybe we don’t always have that exact resource,” she says. But because the lesson plans on Verizon Innovative Learning HQ lay out exactly what is needed for each course of study, Thompson says she easily finds smart substitutions. “Exploring what tools we have and can utilize instead has been big for us,” she says.

One of the most popular Verizon Innovative Learning HQ resources at Thompson’s school, for example, is the Stop-Motion Animation lesson, which gives students a fun, hands-on way to be creative while learning core STEM principles. The lesson plan recommends using the Stop Motion Studio app, but Thompson found a substitute app already available on school tablets with the same capabilities.

Students find the technology both easy-to-use and engaging. “After I take all the pictures, I go to the app where you can edit and add effects,” says fifth grader Gabriela. “I feel like I’m learning when I use it. You’re expanding your brain to learn about editing photography and video together.” The lesson also teaches physics (understanding motion and gravity), engineering (designing sets and props) and math (measuring time and frame rates).

Thompson said another lesson plan that’s a favorite across all grades levels is Emoji Design, which recommends using a graphic design software program that the school doesn’t own. Thompson identified five alternate applications that worked with the material, however, giving students several options for creating their designs.

The resulting emojis are as different as the students are. Kevin, a sixth grader, made a sports-themed emoji to symbolize his love of soccer and basketball; eighth grader Maria Jose taught herself how to create a gradient background to use in her design.

The flexibility of the lesson plans on Verizon Innovative Learning HQ brings creative energy to the classroom, giving students the freedom to explore and innovate during lessons, which in turn builds their confidence. For some lesson plans, the students can choose which tools they will use to complete their work, and students will make selections based on their own interests and comfort level. “One of the kids got so excited about [a popular music production app],” says Thompson. “He said, ‘I’m really good at keeping beats, so I’m working in percussion.’ I just love that.”

Having agency and authorship of their learning experience gives the students the confidence to develop new skills. “Using technology for creation rather than consumption in the classroom is so important,” Thompson says. “It helps students see technology as a tool and gives them so many options to show who they are and what they know. Creating choice has given voice to the students. It helps them gain both knowledge and confidence, so I just think that’s awesome.”

The students think it’s awesome, too. “We integrate our own ideas into our work,” says Gabriel, a seventh grader.

Leo, also in seventh grade, puts it more simply: “The lessons are more fun.”

Tim Nash, a STEM and robotics teacher, says that his students are repurposing skills they learned in the Verizon Innovative Learning HQ lessons and bringing them to other subjects. “We have a journalism class that does weekly video announcements using [readily available video production apps],” Nash says. “It’s something new that we’re doing, because the kids now know how to use the tools in ways that can be implemented outside of the classroom.”

Those video announcements are shared school-wide. And, as Nash points out, it’s “pretty cool” that middle-school students are stepping into these kinds of roles, inspired to branch out and apply what they’ve learned in real-life scenarios.

For her colleagues, meanwhile, Thompson fosters ongoing creative usage of Verizon Innovative Learning HQ lessons at the school by sharing resources, lesson examples and project ideas with teachers, partly through a monthly newsletter and partly through one-to-one calls with her co-workers. And just like their students, the teachers are taking the ball and running with it, with creative and engaging results. “The teachers see the resources and take them and they make them their own,” she says.

Verizon Innovative Learning is a key part of the company’s responsible business plan to help move the world forward for all. As part of the plan, Verizon has an ambitious goal of providing 10 million youth with digital skills training by 2030. Educators can access free lessons, professional development, and immersive learning experiences to help bring new ways of learning into the classroom by visiting Verizon Innovative Learning HQ.

HOUSTON, July 28, 2025 /PRNewswire/ — Savion Equity, LLC, a subsidiary of Shell plc, and a fund managed by the Ares Infrastructure Opportunities strategy (Ares), today announced the formation of Tango Holdings, LLC (Tango), a joint venture that will manage 496 megawatts of Savion-developed solar projects in Ohio, Kentucky, Oklahoma, and Indiana. Savion is transferring majority ownership of five solar assets into this joint venture.

This transaction reflects Shell’s strategy to selectively develop renewable generation projects and reduce ownership as they mature, enabling the company to build scale efficiently, improve capital returns, and maintain cost discipline. Shell plans to continue developing other onshore renewable power generation assets through Savion’s development pipeline.

“The investment by Ares is a testament to Savion’s success building and operating assets that deliver renewable power to key energy markets in the USA,” Greg Joiner, Executive Vice President for Power at Shell, said.  “Launching Tango with a strategic investment partner like Ares will allow us to maximize value of our power generation portfolio as we continue to build a more focused, competitive and adaptive business.”

Tango is jointly owned by Ares (80%) and Savion (20%) with equity interests in the Martin County Solar Project, the Kiowa County Solar Project, and in three additional solar projects currently under construction. Savion will serve as the managing member with Shell Renewable Asset Management International overseeing asset management of the projects.  

This deal is structured to simultaneously sign and close, with an immediate effective date.

Notes to editors 

  • This transaction represents 496 MW of Savion’s 3,049 MW solar and energy storage assets under construction, in operation, or under contract.
  • Savion, founded in 2019, is a wholly owned subsidiary of Shell. Headquartered in Kansas City, Missouri, Savion develops large-scale solar and energy storage projects across 28 states. 
  • Shell Renewable Asset Management International is responsible for safely operating and maintaining Shell’s power generation assets by leveraging technical, commercial, and regulatory expertise.
  • Ares Management Corporation is a leading global alternative investment manager with approximately $546 billion of assets under management, as of March 31, 2025. The Ares Infrastructure Opportunities team is a market leader in private infrastructure investing.

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “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 press release 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 press release 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 press release, 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 press release 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 and amendment thereto 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 press release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release, July 28, 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 press release.

Shell’s net carbon intensity

Also, in this press release 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 press release 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 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.

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SOURCE Shell

Co-produced by Live Nation Urban, ONE Musicfest Features Additional Appearances by Clipse, Jazmine Sullivan, Kehlani, Leon Thomas, Ari Lennox, Busta Rhymes, Wale, Carl Thomas, Chief Keef, Greg Street & Friends with Plies, Trick Daddy, Project Pat, Rich Kidz, Trinidad James, Havoc of Mobb Deep, Jagged Edge, Marvin Sapp, Mike Clark Jr., Organized Noize, Tweet, Lloyd, Pleasure P, Ray J, Sammie, Bankroll Ni, Bobby V, Boosie, Cupid, DJ Smooth, Rasheeda, KenTheMan, Flippa T, FLO, Tonio Armani, Ray Vaughn, Yakiyn, and Odeal

ATLANTA, July 28, 2025 /PRNewswire/ — The South’s most significant cultural moment is set. ONE Musicfest (OMF), presented by P&G, the largest Black-owned, open-air, multi-stage festival in the nation, returns to Atlanta’s Piedmont Park (1071 Piedmont Avenue, Atlanta, GA) with one of its most powerful lineup yet paying tribute to the city’s musical legacy, cultural influence, and creative spirit. Celebrating its 16th annual festival, OMF continues its reign as a global celebration of Black excellence, artistry, and unity. Co-produced by Live Nation Urban, ONE Musicfest will take place over two days on Saturday, October 25, and Sunday, October 26.

Please find the ONE Musicfest ticketing information, and full lineup on our website.

This year’s festival promises once-in-a-lifetime performances including historic Atlanta-centric moments reflecting the heart of the culture:

HEADLINERS & ICONIC CELEBRATIONS

  • Future Atlanta’s own takes center stage for a rare, hometown headlining performance.
  • Dungeon Family Reunion Honoring Rico Wade — The Dungeon Family reshaped Southern hip hop and helped position Atlanta as a global music capital through their innovative sound and collective creativity. As a founding member of Organized Noize, Rico Wade—alongside Ray Murray and Sleepy Brown—helped craft the South’s most iconic records and launched the careers of Outkast, Goodie Mob, and Future.
  • The Roots with Mary J. Blige — The legendary Roots Crew return to OMF after a decade, joined by Mary J. Blige, the Queen of Hip Hop Soul for her OMF debut.
  • Ludacris & Friends — Marking 25 years of Ludacris’ debut album, the ATL icon headlines with a celebratory set full of special guests and surprise performances.
  • Doechii — The breakout star of the year, boasting a BET “Best New Artist” Award, a Grammy® nomination, and a No. 1 urban radio hit, makes her OMF debut.

THE FULL LINEUP

In alphabetical order:

803 Fresh, Ari Lennox, Bankroll Ni, Bobby V, Boosie, Busta Rhymes, Carl Thomas, Case, Chief Keef, Clipse, Cupid, DJ Smooth, Flippa T, FLO, Greg Street & Friends (Plies, Project Pat, Rich Kidz, Trinidad James, Trick Daddy), Havoc of Mobb Deep, Jagged Edge, Jazmine Sullivan, KenTheMan, Kehlani, Leon Thomas, Lloyd, Marvin Sapp, Mike Clark Jr., Odeal, Organized Noize, Pleasure P, Rasheeda, Ray J, Ray Vaughn, Sammie, Tonio Armani, Trick Daddy, Trinidad James, Tweet, Wale, Yakiyn

Atlanta is our home, and this year we’re celebrating it in the biggest way possible — with Future, Ludacris, and a historic Dungeon Family Reunion honoring the life and legacy of Rico Wade, a true giant in hip hop,” said Jason “J.” Carter, Founder of ONE Musicfest. “ONE Musicfest has always been about uniting legends, elevating new voices, and creating unforgettable cultural moments. While we’re paying tribute to Atlanta’s legacy, this year’s lineup reflects the richness and diversity of Black music and culture from across the globe.”

As an alumnus of Ebony Magazine’s Power 100, OMF has a significant annual economic impact of more than $61 million. The festival employs over 5,000 people annually, comprising event staff, production crews, security personnel, hospitality staff, vendors, and artists. OMF powers Atlanta’s creative economy, supports Black-owned businesses, and fosters partnerships that last beyond festival weekend. It’s more than a festival — it’s a cultural engine for Atlanta and the global community.

This year’s festival will host Toyota, Hennessy, Teremana and more top tier brands.

ABOUT ONE MUSICFEST

ONE Musicfest (OMF) is the nation’s largest Black-owned, open-air, multi-stage music festival, attracting over 100,000 diverse music lovers from all over the country. Founded by veteran event producer, Jason “J” Carter in Atlanta, OMF celebrates Black music and culture with iconic performances that have included Future, SZA, Kendrick Lamar, Earth, Wind, & Fire, Pharrell, The Dungeon Family, Usher, Ms. Lauryn Hill, Doechii, A$AP Rocky, Ludacris, The Roots, Jill Scott, and many more. Generating over $61 million in annual economic impact, the festival supports hundreds of local businesses, with more than half of them being Black-owned, and employs more than 5,000 people each year. OMF expanded with the launch of TwoGether Land Festival in Dallas, Texas, extending its mission to unify and uplift Black communities through music, community building, and shared experience. 

Learn more at www.onemusicfest.com.

Creative assets here.

ABOUT LIVE NATION URBAN

Live Nation Urban (LNU) remains North America’s preeminent producer of concert experiences, festivals, and platforms headlined, curated, and owned by black talent. Operating in partnership with Live Nation Entertainment, the world’s leading live entertainment company, the company sets the tone for culture with over a dozen sought-after festival brands such as The Roots Picnic, Broccoli City, Exodus Music & Arts Festival, ONE Musicfest, Strength of a Woman, and more.

Beyond their captivating live events, Live Nation Urban has established themselves as key social architects in black culture with their innovative initiatives that include Juneteenth: A Global Celebration (broadcast on CNN), Kerry Washington’s THICKER THAN WATER book tour, and a special Hip-Hop 50 event at the home of Vice President Kamala Harris in addition to tours by artists such as Ari Lennox, Babyface, Kirk Franklin, Lil Wayne, Davido, Charlie Wilson, Jeezy, Jagged Edge, LL Cool J, Jill Scott, Coco Jones, Jodeci, RuPaul, and Raphael Saadiq. The LNU-produced “A Grammy Salute to 50 Years of Hip-Hop” special garnered a nomination at the NAACP Image Awards for “Outstanding Variety Show.” Live Nation Urban continues to grow across hip-hop, R&B, soul, and gospel as the most trusted purveyor of live urban music. Learn more about Live Nation Urban at https://livenationurban.com/.

Socials:
Twitter: @onemusicfest #onemusicfest #OMF2025
Instagram: @onemusicfest #ONEMusicfest
Facebook: Facebook.com/ONEMusicfest
Website: onemusicfest.com

For more information, contact:
ONE Musicfest
Tresa Sanders: tresa@tre-media.net
Daylan Cole: daylan@tre-media.net 

Live Nation Urban
Carleen Donovan: carleen@theoriel.co
Drew Ingall: drew@theoriel.co

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SOURCE ONE MusicFest

VOLO, Ill., July 28, 2025 /PRNewswire/ — The Volo Museum, world renowned for its collection of famous and one of a kind vehicles, is unlocking its vault to offer collectors a rare opportunity: a once in a lifetime chance to own the only known real Barbie car in the hands of the public.

 

This official Barbie Pink Convertible, a custom Cadillac built by Disney and used at Walt Disney World in Orlando from 1990 to 1998, is going to auction with no reserve, alongside dozens of other iconic, unusual, and downright bizarre museum pieces. The seven day online auction begins August 1 and ends August 7, and anyone with an eBay account can bid.

Originally painted white and featured in parades as Cruella de Vil’s DeVille, the Cadillac was later repainted in Barbie’s signature pink and became the ride of the world’s most iconic doll. It also saw use by Miss Piggy during its time at Disney.

What makes this Barbie car truly special is its provenance. It is not a fan build, but a documented Disney show vehicle, complete with Disney registration showing a VIN in Walt Disney’s name, as well as internal documentation and email correspondence outlining how it was used in park productions. This makes it both a Barbie collectible and a Disney collectible, a rare cross category gem for serious fans and collectors.

“This is the only one of its kind available to the public,” said Brian Grams, director of the Volo Museum. “You will never find another Barbie car like this with official Disney registration and documented park history.”

The Barbie Cadillac is just the crown jewel of a truly eclectic lineup that includes:

  • A 14 foot tall 8 passenger running and driving hot rod shopping cart
  • A street legal larger than life Radio Flyer Red Wagon
  • Britney Spears’ personal Mercedes Convertible, once deemed the most dangerous car in Los Angeles
  • A 45 foot tall 12 passenger Ferris wheel from the 1940s
  • Dozens of rare antique kiddie rides and Americana themed showpieces

“These items have delighted hundreds of thousands of guests,” said Grams. “But we are always evolving. Letting these go makes room for new treasures and gives others the chance to enjoy and preserve them.”

All items will be sold at no reserve, meaning they will go to the highest bidder regardless of price. Preview the full auction catalog, with new items being added daily, at volocars.com.

Media Contact:
Brian Grams
Director, Volo Museum

Phone: 305-781-0606
Email: brian@volocars.com
Website: https://www.volocars.com

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SOURCE Volo Auto Museum

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