Shell Acquires Inspire Clean Energy
July 27, 2021
Inspire Clean Energy has signed an agreement to be acquired by Shell New Energies US LLC and will become a wholly owned subsidiary of Shell. The acquisition is intended to accelerate Inspire’s ability to scale residential access to renewable energy in the U.S. and to expand Shell’s business-to-consumer renewable power offerings and digital capabilities.
- Buyers
- Shell New Energies US LLC (a subsidiary of Royal Dutch Shell plc), Royal Dutch Shell plc
- Targets
- Inspire Clean Energy
- Industry
- Energy
- Location
- California, United States
- Transaction Type
- Buyout
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