Altus Power, Shell partner to offer integrated renewables solutions

• US clean power company Altus Power Inc and Shell New Energies United States LLC on Monday announced a collaboration to offer integrated renewable energy as well as storage space solutions.

The cooperation will integrate Altus Power's experience across solar generation, storage and also community solar with Shell's competence in electrical mobility, fixed battery storage, load monitoring and also renewable power supply.

The firms said they will examine the potential of developing totally integrated renewable resource supply as well as onsite power solutions for consumers. Their offerings will certainly also be targeted at property profiles handled by industrial real estate services firm CBRE Group Inc (NYSE: CBRE), which has a tactical partnership with Altus Power. Special-purpose acquisition company CBRE Acquisition Holdings Inc (NYSE: CBAH), which is sponsored by a subsidiary of CBRE, is readied to merge with Altus Power as well as make it a noted firm, under an offer announced in July.