FT. LAUDERDALE, FL -- Liberty Power announced their new multi-year supply agreement with Shell Energy North America (US), L.P. (Shell Energy).
Liberty Power's decision to select Shell Energy as its provider for such a critical support service was made after a thoughtful and deliberate due-diligence process, finding the oil and natural gas marketing and trading company to be best positioned to support its evolving needs. Liberty Power will soon begin the process of transitioning to Shell Energy.
"We are very excited about our new agreement with Shell Energy," said David Hernandez, Liberty Power CEO and co-founder. "We look forward to working with such a strong and experienced market leader as we continue to meet the growing needs of our customers."
Liberty Power's new arrangement provides it with added flexibility for transacting and managing energy supplies. The company expects this added flexibility to result in an improved ability to deliver value to its channel partners and customers over time.
"Shell Energy and Liberty Power have a natural connection – we are committed to our customers," said Beth Bowman, Shell Energy North America General Manager. "We are pleased Liberty Power recognizes that Shell Energy is in the best position to help them meet their future needs, delivering added value to their customers for years to come."
Shell Energy is a major energy market participant, marketing more than 11 billion cubic feet (Bcf) of gas each day and 220 million megawatt hours (MWh) of wholesale and retail power annually. The company manages approximately 5,000 megawatts (MW) of generation across North America. Shell Energy has provided structured supply services for more than a decade. Active in all deregulated power and gas markets, it maintains an A-/A1 credit rating.