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.
Further reading
Limejump leads the charge as National Grid opens Balancing Market to aggregators
The New Power Interview: Erik Nygard, Limejump