Evolve Energy has completed a long-term structured trading agreement with Shell Energy Europe.
Under the agreement, SEEL will provide Evolve Energy with commodity hedging services and access to a range of directly owned and third-party renewable energy assets.
This collaboration will further enhance Evolve Energy’s ability to provide UK businesses with certifiable renewable energy contracting options, tailored to every stage of their decarbonisation journey.
The agreement will enable 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 1.2TWh a year to 4.2TWh a year by 2031.
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 due to generator credit requirements and limited supplier support, often relying on renewable certificates to reach clean energy targets.
Working together with SEEL, Evolve Energy will address a key UK market need by offering I&C businesses tailored, flexible contracts and credit support, making renewable energy even more accessible.
James Hall (pictured), operations director at Evolve Energy, said: “We’re delighted to announce this agreement with SEEL, the result of nine months of hard work and collaboration.
“Together, we’ve developed a framework that integrates significant renewable energy volumes, directly supporting our strategy for a sustainable future.
“While we had interest from other parties, it was crucial to partner with an organisation that deeply understands our business and shares our vision.
“This agreement not only secures a robust foundation for future growth but also strengthens our financial resilience, enabling us to navigate volatile commodity markets and credit challenges that often hinder non-investment-grade organisations.”