Shell’s expansion plans bring customers even more innovative commodity solutions
A purchase agreement has been signed by Shell Energy North America for the acquisition of MP2 Energy LLC which is expected to be closed in the 3rd quarter of 2017, subject to regulatory approvals.
MP2 provides market based solutions to commercial and industrial customers for managing energy supply, load, and generation, through self-developed proprietary systems and technology.
Targeting large commercial and industrial customers on the west coast of the U.S., SENA manages a successful retail energy business. SENA expands those capabilities and gains capabilities in Texas and throughout the eastern U.S., as well as access to MP2’s top tier network of aggregators, brokers, and consultants, with the acquisition of MP2.
“We are proud to bring MP2 into the Shell Energy North America family. MP2 has established itself as a significant player in the large end-user electricity market, and achieved its position by combining optimally designed energy solutions and exceptional customer service. As Shell continues to expand its energy focus, we will strive to bring customers ever more innovative commodity solutions, including the deployment of new energy management tools,” said Glenn Wright, VP, SENA.
MP2 will continue to be managed by the existing MP2 management team as a wholly-owned subsidiary of Shell Energy North America, with the close of this acquisition. PWKD04072017