Statkraft Ventures is set to exit distributed energy software provider Limejump in an acquisition by Shell that will follow some $10m of funding for the company.
Petroleum producer Shell has agreed to acquire Limejump, a UK-based virtual power plant developer backed by energy utility Statkraft, for an undisclosed amount.
Founded in 2013, Limejump provides a cloud-based software platform that can create virtual power plants where isolated renewable energy systems can link together, to join the UK grid and earn money by providing energy when necessary.
The system uses machine learning technology to help smaller renewable generators and battery storage units access the balancing mechanism market, a tool…
