Shell Energy Retail Limited
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Shell Energy Retail Limited - overview
Established
2018
Location
Coventry, -, UK
Primary Industry
Renewable Energy
About
Based in Coventry, UK, and founded in 2018, Shell Energy Retail Limited operates as a renewable energy company. In September 2023, the firm was acquired by Octopus Energy Group Limited, a portfolio company of Generation Investment Management, Origin Energy Limited, and CPP Investment Board. The firm as of August 2023, has a presence all across the UK market, serving approximately 1. 7 million British homes.
Shell Energy Retail Limited in the UK is wholly owned and fully operated by Octopus Energy Limited. As of December 2023, Shell Energy Retail Limited is no longer a part of the Shell Group of Companies. The company provides renewable energy, broadband, and smart home solutions in Great Britain. Shell Energy offers renewable electricity for homes and broadband services which includes high-speed packages of up to 900Mbps, catering to diverse customer needs.
Additionally, the company provides smart home technologies like Amazon Fire HD Wi-Fi Tablet, TP-Link, a whole home mesh WiFi, ring outdoor stick-up cam, etc. Moreover, the company offers heating and home solutions, like smart thermostats, electric vehicle home chargers, and boiler covers along with a boiler service in the first year for those who take out the cover. The company generates revenue by offering its renewable energy products and related services to its customers. Some of the products available on its e-commerce website are TP-Link KP303 Kasa Smart Wi-Fi Power Strip at EUR 30.
99, Arlo Pro 4 Camera at EUR 219. 99, Ring battery video doorbell Plus at EUR 159, etc.
Current Investors
Octopus Energy Group Limited
Primary Industry
Renewable Energy
Sub Industries
Electric Utilities, Renewable Energy, Cable Service Providers, Internet Service Providers
Website
www.shellenergy.co.uk
Verticals
IoT (Internet of Things)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Shell Energy Retail Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Shell Energy Retail Limited | - |
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