Shell is to acquire flexibility provider Limejump. The companies said the deal will allow “both companies to continue to take steps to support the UK energy system’s transition to a lower carbon future”.
Erik Nygard, chief executive of Limejump, said “Shell will help us to drive our innovative technology platform to new heights and support the Limejump team to make a bigger impact on the industry than previously possible. This agreement supports our continued mission to revolutionise the energy industry and to put it simply, we are now super-charged and ready.”
Brian Davis, vice president of energy solutions at Shell New Energies said, “We are impressed by the Limejump team and their track record of building a digital energy platform that connects and optimises a diverse range of assets. Together, we can offer more choices to our customers in the UK as we accelerate the building of a customer-focused energy system in support of Shell’s strategy to offer more and cleaner energy solutions to customers.”
Limejump, which will become a wholly owned subsidiary of Shell, said it would continue to focus on: paving the way to a more sustainable energy future; maximising revenue streams for all decentralised asset owners; and utilising data science and technology to enhance the interplay between renewable supply, demand flexibility and energy storage.