Shell to buy Inspire Energy Capital
Inspire, a technology enabled clean energy company in the U.S., today announced it has signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC (“Shell”). As part of Shell, Inspire intends to rapidly scale its offering of access to sustainable energy to U.S. households.
Inspire will operate under its existing brand within Shell’s Renewables & Energy Solutions integrated power business. The Inspire leadership team and existing employee base will remain in place.
The deal is expected to be completed by Q4 of 2021, subject to regulatory approvals and the satisfaction of closing conditions.
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