Shell completes acquisition of Next Kraftwerke

Published: 2. August 2021

Shell* has completed the acquisition of virtual power plant operator Next Kraftwerke, following receipt of all necessary regulatory clearances. Next Kraftwerke becomes a wholly owned subsidiary of Shell within Shell Energy’s Trading & Supply business. The deal to acquire Next Kraftwerke was announced online on 25 February.

*Shell Overseas Investment BV


Next Kraftwerke operates one of the biggest Virtual Power Plants in Europe. By utilizing the full potential of digitalization, the company networks thousands of energy-producing and energy-consuming units in the Virtual Power Plant “Next Pool”. Through its technology and trading, clients are able to produce and consume electricity when prices are best for them. By trading their aggregated power 24/7 on different energy spot markets the Virtual Power Plant also makes a substantial contribution to stabilizing the grid by smartly distributing the power generated and consumed by the individual units in times of peak load.