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Shell Closes On Acquisition Of Retail Supplier Serving Over 200,000 Residential Customers
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Retail energy supplier Inspire announced that it has officially completed its acquisition agreement with Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc.
"As part of Shell, Inspire intends to accelerate its mission by scaling its offering of clean energy access to homes in the U.S.," Inspire said
Moving forward Inspire will be a wholly owned subsidiary of Shell and will retain its brand identity.
At the time the acquisition was announced, Inspire was serving approximately 235,000 residential customers in Delaware, Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Washington DC.
At the time the acquisition was announced, Elisabeth Brinton, Executive Vice President of Renewables & Energy Solutions at Shell had stated, "Our goal is to become a major provider of renewable and low-carbon energy, and this acquisition moves us a step closer to achieving that ... 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."
"Inspire offers renewable energy to customers via a variety of innovative services and subscription plans and incentivizes customers to manage energy usage via a rewards program within its mobile app. The acquisition accelerates Shell's digital ambitions in the power sector by utilizing data-driven, digitally enabled platforms to simplify customers' decarbonization journeys," Shell had said at the time the acquisition was announced
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September 15, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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