Shell’s pivot to renewables sharpens with California deal

Royal Dutch Shell Plc, the world’s second-biggest oil company, is expanding its bet on renewable energy. Shell’s North American unit agreed to provide a credit line for trading and a revolving loan facility to Inspire Energy Holdings LLC, according to a statement Wednesday. The Santa Monica, California-based clean-power, smart-home and energy-management company will use the funds to expand its reach. Terms weren’t disclosed.

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Shell’s pivot to renewables sharpens with California deal

Royal Dutch Shell Plc, the world’s second-biggest oil company, is expanding its bet on renewable energy. Shell’s North American unit agreed to provide a credit line for trading and a revolving loan facility to Inspire Energy Holdings LLC, according to a statement Wednesday. The Santa Monica, California-based clean-power, smart-home and energy-management company will use the funds to expand its reach. Terms weren’t disclosed.

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