Shell to acquire Inspire Energy Capital.

Shell, an oil and chemical group engaged in the exploration, production, transportation, refining, distribution and marketing of crude oil and gas, agreed to acquire Inspire Energy Capital, a renewable energy residential retailer. Financial terms were not disclosed. This acquisition advances Shell's Powering Progress strategy to build and scale renewable and low-carbon businesses with a target to become a net-zero emissions energy business by 2050, in step with society. "Our goal is to become a major provider of renewable and low-carbon energy, and this acquisition moves us a step closer to achieving that. This deal instantly expands our business-to-consumer power offerings in key regions in the U.S., and we are well-positioned to build on Inspire's advanced digital capabilities to allow more households to benefit from renewable and low-carbon energy," Elisabeth Brinton, Shell Executive Vice President of Renewables & Energy Solutions.