Shell’s Acquisition of Inspire Energy Capital

Wilson Sonsini Goodrich & Rosati advised Inspire Energy Capital on the deal.

Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc, announced that it has signed an agreement to buy 100 percent of the equity interests of Inspire Energy Capital LLC, a renewable energy residential retailer with headquarters in Santa Monica, California, and Philadelphia, Pennsylvania.

Inspire offers renewable energy to customers through a variety of innovative services and subscription plans and incentivizes customers to manage energy usage via a rewards program within its mobile app. The company currently serves approximately 235,000 residential customers in Delaware, Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Washington, D.C. The acquisition of Inspire accelerates Shell’s digital ambitions in the power sector by utilizing data-driven, digitally enabled platforms to simplify customers’ decarbonization journeys. 

Following the close of the transaction—which is expected by Q4 2021, subject to regulatory clearance and the satisfaction of closing conditions—Inspire will be a wholly owned subsidiary of Shell, operating under its existing brand within Shell’s Renewables & Energy Solutions integrated power business.

The Wilson Sonsini team that advised Inspire in the transaction included: Bob O’Connor (Picture), Rich Mullen, Marty Korman, Kenji Strait, Cody Conwell, Piper Miles-Coccaro, Todd Glass, Scott Zimmermann, Heather Curlee, Ira Palgon, Dana Hall, Margaret Yi, Dave Strong, Nika Antonikova, Manja Sachet, Chi-Fei Wang, Barclay Oudersluys, Jonathan McGruer, Tracy Shapiro, Matt Staples, Megan Kayo, Daniel Chen, Edward Ruse, Jaqueline Tokuda, Jason Chan, Matt Gorman, Heather Diles, Susan Reinstra, Martin Sul, Jeremiah Nelson, Ben Labow, Todd Hahn, Tarek Helou, Roxana Mondragon-Motta, Joshua Gruenspecht, Jonathan Davey and Anne Seymour.

Involved fees earner: Margaret Yi – Hunton Andrews Kurth LLP; Nika Antonikova – Wilson Sonsini Goodrich & Rosati; Jason Chan – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Heather Curlee – Wilson Sonsini Goodrich & Rosati; Jonathan Davey – Wilson Sonsini Goodrich & Rosati; Heather Diles – Wilson Sonsini Goodrich & Rosati; Todd Glass – Wilson Sonsini Goodrich & Rosati; Matt Gorman – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Todd Hahn – Wilson Sonsini Goodrich & Rosati; Dana James Hall – Wilson Sonsini Goodrich & Rosati; Tarek Helou – Wilson Sonsini Goodrich & Rosati; Megan Kayo – Wilson Sonsini Goodrich & Rosati; Martin Korman – Wilson Sonsini Goodrich & Rosati; Benjamin Labow – Wilson Sonsini Goodrich & Rosati; Jonathan McGruer – Wilson Sonsini Goodrich & Rosati; Piper Miles-Coccaro – Wilson Sonsini Goodrich & Rosati; Roxana Mondragon-Motta – Wilson Sonsini Goodrich & Rosati; Rich Mullen – Wilson Sonsini Goodrich & Rosati; Jeremiah Nelson – Wilson Sonsini Goodrich & Rosati; Bob O’Connor – Wilson Sonsini Goodrich & Rosati; Barclay Oudersluys – Wilson Sonsini Goodrich & Rosati; Ira Palgon – Wilson Sonsini Goodrich & Rosati; Susan Reinstra – Wilson Sonsini Goodrich & Rosati; Edward Ruse – Wilson Sonsini Goodrich & Rosati; Manja Sachet – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati; Tracy Shapiro – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Kenji Strait – Wilson Sonsini Goodrich & Rosati; David Strong – Wilson Sonsini Goodrich & Rosati; Martin Sul – Wilson Sonsini Goodrich & Rosati; Jaqueline Tokuda – Wilson Sonsini Goodrich & Rosati; Chi-Fei Wang – Wilson Sonsini Goodrich & Rosati; Scott Zimmermann – Wilson Sonsini Goodrich & Rosati;

Law Firms: Hunton Andrews Kurth LLP; Wilson Sonsini Goodrich & Rosati;

Clients: Inspire Energy Capital;

Author: Martina Bellini