Constellation to acquire Rhode Island State Energy Center (RISEC) from Shell for $715 million

Shell signs Hunlock Creek Generating acquisition and agrees to sell RISEC to Constellation

September 10, 2026

Energy

Shell Energy North America (SENA) signed two related transactions as part of US power portfolio management: it agreed to acquire 100% of Hunlock Creek Generating LLC (Hunlock) and it agreed to sell its interests in RISEC Holdings, LLC to Constellation Energy Generation, LLC for $715 million. The transactions are subject to regulatory approvals and expected to close in the first quarter of 2027.

Resource Innovations Acquires Shifted Energy

October 9, 2025

Energy

Resource Innovations (RI), a San Francisco–based utility software and consulting platform, has acquired Honolulu-based Shifted Energy to integrate its Grid Maestro DERMS technology into RI’s demand-side management (DSM) and grid-edge offerings. The deal expands RI’s capability to deliver end-to-end virtual power plant and flexible load management solutions at scale, with a focus on equitable access for renters and underserved communities.

Shell completes acquisition of RISEC Holdings’ combined-cycle power plant

January 24, 2025

Energy

Shell Energy North America (SENA) completed its previously announced acquisition of a 100% equity stake in RISEC Holdings, LLC (RISEC). The 609 MW combined-cycle gas turbine plant continues supplying the ISO New England wholesale power market, securing long-term supply and capacity offtake for Shell.

Shell Energy North America to acquire RISEC Holdings’ combined-cycle power plant

October 23, 2024

Energy

Shell Energy North America (SENA), a subsidiary of Shell plc, signed an agreement to acquire a 100% equity stake in RISEC Holdings, LLC (RISEC). RISEC owns a 609 MW two-unit combined-cycle natural gas power plant in Rhode Island, supplying the ISO New England wholesale power market.

RWE Clean Energy Acquires 599 MW of Solar and Storage Projects from Galehead Development

May 20, 2024

Renewable Energy

RWE Clean Energy acquired three development-stage renewable energy projects totaling 599 MW (solar and battery storage capacity) from Galehead Development, LLC. The assets — Cedar Ridge (Idaho, solar + storage), Remington (Oregon, standalone BESS) and Champlain (New York, solar) — expand RWE's footprint in the Pacific Northwest and New York and add development-stage capacity to its U.S. pipeline.

Investcorp Acquires RESA Power from Blue Sea Capital

December 16, 2021

Industrial Services

Investcorp has acquired RESA Power, a Houston-based provider of maintenance, testing, systems integration and distribution services for power distribution equipment, from Blue Sea Capital. RESA operates 20+ locations across the United States and Canada and serves over 6,000 customers; Investcorp intends to support organic growth, geographic expansion across North America and accelerate strategic add-on acquisitions.