Shell acquires Inspire Energy Capital and expands its renewable energy business in the United States

HOUSTON, July 27, 2021 / PRNewswire / – Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to purchase 100% of the stakes of Inspire Energy Capital LLC (Inspire), a residential renewable energy retailer headquartered in Santa Monica, California and Philadelphia, Pennsylvania.

This acquisition advances Shell’s Powering Progress strategy to create and grow renewable, low-carbon businesses with the goal of becoming a net-zero energy company by 2050, in tune with society.

“Our goal is to become a major supplier of renewable, low-carbon energy, and this acquisition brings us one step closer to that goal,” said Elisabeth Brinton, executive vice president of renewable and energy solutions at Shell. “This agreement instantly expands our business-to-consumer electricity offerings in key regions of the United States, and we are well positioned to take advantage of Inspire’s advanced digital capabilities to enable more households to benefit from energy.” renewable and low carbon emissions. “

Inspire offers renewable energy to customers through a variety of innovative services and subscription plans and encourages customers to manage energy use through a rewards program within its mobile app. The acquisition accelerates Shell’s digital ambitions in the power sector by using data-driven digital platforms to simplify customers’ decarbonization journeys.

Achieving Shell’s net zero emissions target could mean Shell doubles the amount of electricity sold and provides enough renewable electricity to power 50 million homes by 2030. Subject to regulatory clearance and satisfaction of the closing conditions, the deal is expected to be concluded by the fourth quarter. from 2021.

Notes to Editors

  • Shell Energy North America has been one of Inspire’s premier energy suppliers since 2017.
  • Inspire will strengthen Shell’s current position as a supplier of electricity to residential customers in the United States alongside MP2 Energy, a wholly owned subsidiary of Shell Energy North America.
  • Inspire currently serves approximately 235,000 residential customers in Delaware, Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Washington DC.
  • Subject to regulatory clearance and satisfaction of closing conditions, Inspire will be a wholly owned subsidiary of Shell, operating under its existing brand within our integrated energy business Renewables & Energy Solutions.
  • At February 11, 2021, Shell presented its Powering Progress strategy, including details of how it will achieve its goal of being a net zero-emission energy company by 2050, in line with the company’s progress as it grows strives to meet the Paris Agreement target of limiting the increase in global mean temperature to 1.5 ° C.
  • For more details on Shell’s Powering Progress strategy, please visit
  • For more details on Shell’s climate goal, please visit


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Shell’s operating plan, outlook and budgets are forecast for a ten-year period and are updated annually. They reflect the current economic environment and what we can reasonably expect over the next ten years. Therefore, Shell’s business plans, outlook, budgets and pricing assumptions do not reflect our goal of net zero emissions. Going forward, as the company moves towards net zero emissions, we expect Shell’s business plans, outlook, budgets and pricing assumptions to reflect this movement.

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SOURCE Shell Oil Company

Rosemary C. Kearney