Shell completes acquisition of ERM Power Limited
Nov. 29, 2019
Shell Energy Australia Pty Ltd (Shell) has completed the acquisition of ERM Power Limited (ERM), one of Australia’s leading commercial and industrial electricity retailers.
Greg Joiner, the Vice President of Shell Energy in Australia, which to date has primarily focused on gas trading, will take on the role of Chief Executive Officer of ERM. In the future the two businesses will be integrated and ERM rebranded as Shell Energy.
Mr Joiner said he was pleased to welcome ERM’s highly-capable staff and customers to Shell.
“ERM will become Shell’s core power platform in Australia and substantially accelerate our position in the Australian market,” Mr Joiner said.
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Notes to editors:
- Shell has strong credentials in power, serving commercial and industrial customers for over 20 years in North America. In 2017, Shell acquired MP2 Energy in Texas and the eastern USA and announced the first agreement to supply commercial and industrial customers directly in Germany, Italy and the UK moving from wholesale over many years to becoming a retailer supplying end customers.
- Australia is one of the core identified markets for Shell’s new “Emerging Power” theme, along with Northwest Europe and the USA. These markets are where we are seeing a strong growth in renewables to complement traditional fuels, and where customers are seeking a reliable, flexible and cost-effective pathway to a lower-emissions energy system.
- Through this acquisition, ERM’s customers will have greater access to dual fuel offerings and a growing suite of behind the meter and energy-efficiency solutions, including connections to our existing sonnen business in Australia.
- The deal to acquire ERM was first announced 22 August 2019.
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