Energy Acquisitions in Rhode Island

Shell Energy North America (SENA), a subsidiary of Shell plc, has completed the 100% equity acquisition of RISEC Holdings, LLC, owner of a 609 MW two-unit combined-cycle gas turbine power plant outside Providence, Rhode Island. The deal consolidates Shell’s position in the ISO New England wholesale market and secures long-term supply and capacity offtake previously contracted through the plant, which entered service in 2002; prior owners included funds managed by Carlyle (51%) and EGCO RISEC II, LLC (49%).

Environ, a New York-based energy management firm, has acquired Best Practice Energy (BPE), a Wakefield, Rhode Island energy-management and procurement specialist. The deal was completed with growth capital support from 424 Capital to accelerate Environ's service capabilities and deploy BPE's proprietary data tools across Environ's commercial energy, efficiency, clean energy and ESG offerings.

SinglePoint, Inc. (OTCQB: SING) acquired Frontline Power Solutions (FPS), a multi-state licensed energy services company that provides energy supply agreements, billing, auditing, and efficiency consulting to commercial, industrial, and institutional clients. The acquisition expands SinglePoint’s capabilities in deregulated energy markets and gives the company access to FPS’s client portfolio and expertise in energy procurement and efficiency services.

Caterpillar Inc. has acquired Enhanced Energy Group, Inc., which operates as CarbonPoint Solutions, a Rhode Island–based carbon capture technology company. The acquisition brings CarbonPoint's patented CO2 concentration and capture systems into Caterpillar's product portfolio to support emissions reduction across engines, turbines and industrial power applications.