Photo Credit: Photographic Services, Shell International Limited.
Inspire Clean Energy and Shell Close Acquisition Deal
Sep 15, 2021, 12:00 ET
SANTA MONICA, Calif., Sept. 15, 2021 /PRNewswire/ — Inspire, a technology enabled clean energy company, announced that it has officially completed its acquisition agreement with Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc. As part of Shell, Inspire intends to accelerate its mission by scaling its offering of clean energy access to homes in the U.S.
“I couldn’t be more excited to embark on this next chapter of Inspire’s growth and innovation as part of Shell’s Renewables and Energy Solutions portfolio,” said Patrick Maloney, Founder & CEO of Inspire. “The planet is at a critical juncture and significant climate action is necessary. I am confident that, together with Shell, we will make the kind of impact needed to help mitigate the carbon emissions associated with the energy consumption of our customers.”
Moving forward Inspire will be a wholly owned subsidiary of Shell and will retain its brand identity.
About Inspire
Inspire is a mission-driven, technology enabled clean energy company that subscribes people to a world where energy from renewable sources is a better choice for their home 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. Founded in 2014, Inspire has made it easy for hundreds of thousands of people to support clean energy, and join the fight against climate change. Inspire, a certified B Corp, is a privately held company with headquarters in Santa Monica, CA and Philadelphia, PA.
About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
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SOURCE Inspire
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