Shell Acquires a 609 MW Gas Turbine Power Plant in the United States

Zacks10-31

Shell plc SHEL enters an accord to acquire RISEC Holdings, LLC, through its subsidiary Shell Energy North America (“SENA”). Per the agreement, SENA will acquire a 609-megawatt (MW) two-unit combined-...

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Per the agreement, SENA will acquire a 609-megawatt (MW) two-unit combined-...</p>\n\n<a href=\"https://finance.yahoo.com/news/shell-acquires-609-mw-gas-131500128.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shell Acquires a 609 MW Gas Turbine Power Plant in the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShell Acquires a 609 MW Gas Turbine Power Plant in the United States\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 21:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/shell-acquires-609-mw-gas-131500128.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shell plc SHEL enters an accord to acquire RISEC Holdings, LLC, through its subsidiary Shell Energy North America (“SENA”). Per the agreement, SENA will acquire a 609-megawatt (MW) two-unit combined-...</p>\n\n<a href=\"https://finance.yahoo.com/news/shell-acquires-609-mw-gas-131500128.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/shell-acquires-609-mw-gas-131500128.html","article_id":"2479036018","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/dVQlIQsnfSCvCo7iWSRkhw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e74bb4b4d4e1f023b767002b0d956afd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479036018","pubTimestamp":1730380500,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shell plcSHEL enters an accord to acquire RISEC Holdings, LLC, through its subsidiary Shell Energy North America . Per the agreement, SENA will acquire a 609-megawatt  two-unit combined-cycle gas turbine power plant in Rhode Island, United States, which will help the company secure a long-term energy supply for Shell in the deregulated New England power market. SENA, already a recognized player in this market with an energy conversion agreement with RISEC since 2019, will further strengthen its position with this new acquisition.Due to growing decarbonization efforts, the demand for energy in the ISO New England market is set to increase. Therefore, Shell’s acquisition positions it well to provide reliable energy in this scenario and capitalize on its existing trading portfolio through its strong knowledge of the plant’s performance.To read this article on Zacks.com click here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","E":"埃尼石油","PW":"Power REIT","UBCP":"联合合众银行","SHEL":"SHELL PLC SPON ADS EACH REPR 2 ORD SHS","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BP":"英国石油","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4201":"综合性石油与天然气企业","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1829250122.USD":"高盛欧洲核心股票组合Acc","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4211":"区域性银行"},"translate_title":"壳牌收购美国609兆瓦燃气轮机发电厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBCP":1,"SHEL":1,"PW":1,"E":1,"BP":0.9},"content_text":"Shell plc SHEL enters an accord to acquire RISEC Holdings, LLC, through its subsidiary Shell Energy North America (“SENA”). Per the agreement, SENA will acquire a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, United States, which will help the company secure a long-term energy supply for Shell in the deregulated New England power market. SENA, already a recognized player in this market with an energy conversion agreement with RISEC since 2019, will further strengthen its position with this new acquisition.\nShell’s Position in the New England Power Market\nDue to growing decarbonization efforts, the demand for energy in the ISO New England market is set to increase. Therefore, Shell’s acquisition positions it well to provide reliable energy in this scenario and capitalize on its existing trading portfolio through its strong knowledge of the plant’s performance.\nAccording to the company, this acquisition will open new trading opportunities and will add value to Shell’s trading portfolio while securing a strong position in the market. The cost of the acquisition will be covered by the existing cash capital expenditure guidance of the company without further increasing its capital expenditure. The acquisition is expected to close by the first quarter of 2025, subject to approvals by regulatory bodies, and promises a high internal rate of return.\nCombined-Cycle Technology Leading to Reduced Emissions\nRISEC’s combined-cycle gas turbine power plant uses gas turbines to generate electricity, which captures waste heat to produce steam, thereby leading to reduced emissions. This technology complements renewable energy sources like wind and solar, and provides reliable and secure power on demand.\nSHEL is committed to providing sustainable energy solutions by transitioning toward cleaner energy sources.\nTwo other energy majors leading the energy transition race are BP plc BP and Eni SpA E.\nBP is seeking to capitalize on the global economy's transition to lower-carbon fuels. Apart from focusing strongly on oil production growth, the company has been investing in renewable energy businesses with a plan to ramp up capital spending for non-oil and gas businesses. BP has plans to become carbon-neutral by 2050.\nEni has been building a full set of decarbonized products and services for clients to achieve carbon neutrality by mid-century. Even though the energy business scenario is challenging, Eni’s efficient exploration keeps it highly competitive.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBP p.l.c. (BP) : Free Stock Analysis Report\nEni SpA (E) : Free Stock Analysis Report\nShell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479036018"}