Shell Reshapes US Power Portfolio with $715M RISEC Sale and Hunlock Deal

Key Facts

1Shell announced the sale of the RISEC facility for $715 million to unlock portfolio value.

2The company acquired 169 MW of power capacity in the PJM market through the Hunlock deal.

In a move reflecting the broader trend of energy majors optimizing asset efficiency, Shell plc has announced a strategic reshaping of its U.S. power portfolio. According to reports, the company is divesting the Rhode Island State Energy Center (RISEC) for $715 million to unlock portfolio value. Simultaneously, Shell expanded its footprint in the PJM Interconnection market by acquiring 169 MW of power capacity through the Hunlock deal, signaling a shift toward markets with higher strategic alignment.

This restructuring is part of Shell's broader strategy to high-grade its power assets and improve capital efficiency. By selling RISEC and focusing on the PJM market, the company aims to concentrate resources where they can generate the highest strategic value. Per market data, these transactions provide a significant cash inflow that supports the company's objective of maintaining a disciplined capital allocation framework during the energy transition.

Shell (SHEL) shares stood at $95.96 at close on September 10, 2026, within a daily range of $95.66 to $96.99. Investors will be watching how the $715 million proceeds are utilized for debt reduction or further strategic investments. Following the OPEC meeting on September 6, market participants remain focused on how global energy firms balance traditional asset divestments with new capacity acquisitions in key regional markets.