Shell New Energies to Buy Inspire Energy Capital
July 27 2021 - 2:02PM
Dow Jones News
By Stephen Nakrosis
Shell New Energies US LLC Tuesday agreed to buy renewable energy
residential retailer Inspire Energy Capital LLC.
Shell New Energies is a subsidiary of Royal Dutch Shell PLC.
"This deal instantly expands our business-to-consumer power
offerings in key regions in the U.S., and we are well-positioned to
build on Inspire's advanced digital capabilities to allow more
households to benefit from renewable and low-carbon energy," said
Elisabeth Brinton, EVP of Renewables & Energy Solutions at
Shell.
Inspire Energy, which has headquarters in Santa Monica, Calif.,
and Philadelphia, offers renewable energy subscriptions and
services and incentivizes customers to manage energy usage via a
rewards program within its mobile app, Shell said.
The deal is expected to close in the fourth quarter, the company
said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 27, 2021 13:56 ET (17:56 GMT)
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