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Home»Posts Tagged "rhode"

Browsing: rhode

Business

Shell Energy Acquires Rhode Island Power Plant in Strategic Move

By Sam Allcock23/10/20240

Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc, has announced its agreement to acquire a 100% equity stake in RISEC Holdings, LLC, which owns a combined-cycle gas turbine power plant with a capacity of 609 megawatts (MW) in Rhode Island, USA. This strategic acquisition aims to bolster Shell’s position in the deregulated Independent System Operator New England (ISO New England) power market. The Rhode Island plant has been a vital asset for Shell since 2019, when SENA entered into an energy conversion agreement for 100% of the plant’s energy offtake. The acquisition will not only secure…

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Latest Stories

Experts Reveal How Your Sunglasses Could Land You a £5,000 Fine While Driving

By Lucy Contrino

Stop wasting money at the airport: travel experts reveal the add ons that are ACTUALLY worth it 

By Lucy Contrino

How has the rise of online casinos affected land-based casinos?

By Sam Allcock
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