Shell Buys Electric Vehicle Charging Company Volta

Oil major Shell continues to build it’s renewable energy portfolio with the purchase of electric vehicle charging company Volta fort ~$169M. VLTA was trading higher at $0.8899 +0.1628 (+22.3903%)pre-market on the news. Volta (VLTA) went public in August 2021 as part of its merger with special purpose acquisition company TortoiseCorp II and briefly traded over $15 in 2021 with the SPAC mania. Under the deal terms, Shell USA Inc. (SHEL) will acquire all outstanding common shares of Volta (VLTA) at … Continue reading “Shell Buys Electric Vehicle Charging Company Volta”

Shell to Buy Danish Biomethane Producer in $2 Billion Deal

Shell PLC is expanding its renewable energy portfolio buying Denmark’s Nature Energy Biogas A/S it said Monday. Nature Energy is Europe’s biggest producer of biomethane from organic waste. The renewable fuel can replace conventional natural gas in heavy road and marine transport, industry and heating. Shell’s acquisition follows BP agreeing to buy U.S. biogas producer Archaea Energy Inc. for $3.3 billion plus debt, for a total of $4.1 billion six weeks ago. Chevron Corp. earlier this year paid $3.15 billion … Continue reading “Shell to Buy Danish Biomethane Producer in $2 Billion Deal”