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Shell acquires trader Prime Energy with a focus on the free market

The Prime Energy group includes the companies Prime Energy, Exata Energia and Ativa

Canal Solar Shell acquires Prime Energy trading company with focus on the free energy market

Prime Energy's customer portfolio will complement Shell's wholesale energy trading capabilities. Photo: Freepik

A Shell Brasil Renewables & Energy, company of Shell oil company focusing on energy transition and decarbonization, signed a commercial agreement to acquisition of the Prime group, which integrates the companies Prime Energy, Exata Energia and Ativa.

The group, headquartered in São Paulo (SP), has two sales companies and consultancy companies in Free Energy Market and DG (distributed generation) management, as well as a company focused on energy efficiency.

O Canal Solar contacted Bernardo Marangon, partner at Exata Energia and teacher of Canal Solar that confirmed the transaction. The acquisition was published in the DOU (Official Gazette of the Union) last Tuesday (27) and also depends on regulatory approvals. The transaction was also confirmed in a press release.

According to Shell Brasil Renewables & Energy, Prime Energy has a portfolio of customers and a network that will complement its Shell wholesale energy trading shares.

Today, the Energy group has one of the largest energy sales and consultancies in Brazil. Furthermore, it has a strong presence in the DG segment and is responsible for the energy management of companies with large consumption, which operate in the so-called free energy market, with clients such as Claro and Smartfit.

Ericka Araújo
About the Author
Ericka Araújo

Communications Manager of Canal Solar. Host of Papo Solar. Since 2020, he has been following the renewable energy market. He has experience in producing podcasts, interview programs and writing journalistic articles. In 2019, he received the 2019 Tropical Journalist Award from SBMT and the FEAC Journalism Award.

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