M&A Deal Summary

Shell Acquires Inspire Energy

On July 27, 2021, Shell acquired renewable energy company Inspire Energy

Acquisition Highlights
  • This is Shell’s 2nd transaction in the Renewable Energy sector.
  • This is Shell’s 4th transaction in the United States.
  • This is Shell’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-07-27
Target Inspire Energy
Sector Renewable Energy
Buyer(s) Shell
Deal Type Add-on Acquisition

Target

Inspire Energy

Cherry Hill, New Jersey, United States
Inspire is a technology-enabled clean energy company that subscribes people to a world where energy from renewable sources is a better choice for their homes and the environment. With Inspire, members receive access to clean energy and peace of mind from a predictable price for their home's electricity supply. The company has made it easy for hundreds of thousands of people to support clean energy, and join the fight against climate change. Inspire was formed in 2014 with headquarters in Santa Monica, CA and Philadelphia, PA.

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Buyer(S) 1

Buyer

Shell

London, United Kingdom
Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees103,000
Revenue 316.6B USD (2023)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, the United Kingdom.

DEAL STATS #
Overall 8 of 11
Sector (Renewable Energy) 2 of 3
Type (Add-on Acquisition) 6 of 9
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Mobile Chemical Refinery

Mobile, Alabama, United States

Mobile Chemical LP Refinery is designed to process approximately 90,000 barrels per day of crude oil and products that include LPG, diesel fuel, jet fuel, and gasoline. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock.

Sell $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Powershop

Melbourne, Australia

Powershop is is an electricity and gas retailer serving more than 185,000 customers in the residential and small business markets. Powershop offers electricity in Victoria, New South Wales, South Australia, and South-East Queensland, as well as gas in Victoria. Powershop is Climate Active certified, an Australian Government certification awarded to businesses and organizations that have reached a state of achieving net-zero emissions. Powershop was founded in 2014 and is based in Melbourne, Australia.

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