Evolve Energy Announces Partnership with Shell Energy Europe
Evolve Energy Supply Ltd has completed a long-term structured
trading agreement with Shell Energy Europe Ltd (SEEL). Under the agreement, SEEL
will offer commodity hedging—strategies to manage energy price volatility—and
access to renewable energy assets, enhancing Evolve Energy’s ability to provide
customized clean energy solutions for UK businesses.
Evolve Energy, a licensed electricity and gas supplier,
specializes in flexible contracts and renewable energy solutions, which enables
Industrial & Commercial (I & C) customers to pursue net-zero goals with
tailored support.
The agreement will combine Evolve Energy’s in-house technical
capabilities and skills in customer engagement with SEEL’s expertise in
delivering wholesale commodity, enabling Evolve Energy’s customers to scale
their renewable energy commitments to both achieve ESG standards and satisfy
supply chain partner requirements. Through the partnership, Evolve Energy aims
to grow its power supply from 1.2 TWh p.a. to 4.2 TWh p.a. by 2031,
significantly boosting its capacity to serve the net zero aspirations of the UK’s
I & C sector.
This collaboration will advance Evolve Energy’s mission to
break down the barriers that businesses face in accessing renewable energy.
Many businesses with moderate energy needs struggle to access Corporate Power
Purchase Agreements (CPPAs) due to generator credit requirements and limited
supplier support, often relying on renewable certificates to reach clean energy
targets. The company’s ability to manage complexity, coupled with a streamlined
approach, enable non-standard supply solutions that connect independent
generators with adaptable CPPA options.
James Hall, Operations Director at Evolve Energy, said in
part: “We’re pleased to announce this agreement with SEEL, developed over nine
months of collaboration. The framework integrates renewable energy volumes,
supports sustainable growth, and strengthens financial resilience, enabling us
to address commodity market volatility and credit challenges while scaling
solutions for our customers’ net-zero goal
For more information, visit www.evolve-energy.com
