Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc, has completed its acquisition of Savion LLC, a utility-scale solar and energy storage developer in the US.
Savion focuses on developing solar power and energy storage projects and currently has over 18 gigawatts of solar power and battery power storage under development. Savion delivers its services to utilities and major commercial and industrial organizations.
Going forward, Savion will operate as a wholly owned subsidiary and will enhance Shell’s renewables & energy solutions integrated power business. The purchase complements Shell’s existing investments in zero and lower carbon assets and technologies as the firm strives to become a net-zero emissions energy firm by 2050.