Retail Supplier Inspire Enters Multi-Year Strategic Relationship With Oil Major Sub.

Inspire, which describes itself as, "a consumer technology company focused on enabling everyone to have a smart home powered by clean energy," and which is engaged in retail supply (Inspire Energy), announced today that it has entered into a multi-year strategic relationship with Shell Energy North America.

Under the arrangement, Shell will provide Inspire with a broad range of services to support the company's aggressive expansion plans over the next several years, including a credit line for trading and a revolving credit facility.

"Shell's support will facilitate Inspire's purchase of clean energy products and accelerate membership growth, with capacity for over one million members. The new arrangement comes on the heels of Shell's recent commitment to increase its development of new energies, spending up to $2 billion a year until 2020," the companies said

"Our core mission is to build the world's most consumer-focused clean power platform," said Patrick Maloney, founder and CEO of Inspire.

"Inspire's flagship product is a personalized, monthly subscription that includes an integrated smart home experience, energy management services, and 100% clean energy, with no upfront costs. Through the Inspire mobile app, members can track energy use, control their smart home devices, and gain intelligent insights into their homes' performance. Because the cleanest form of energy is the kind people don't use, Inspire's new Rewards Program is designed to unlock rewards within the app and pay members when they use less. Inspire's proprietary technology platform analyzes and scrutinizes complex energy data. Combined with information about consumers and their homes, each Smart Energy subscription plan is intelligently designed for each individual member," Inspire said