Shell Fuels The Future: New Deal with Ferrari And Power Plant Acquisition On The Horizon

Ferrari N.V. (NYSE:RACE) disclosed a multi-year renewal of its partnership with Shell PLC (NYSE:SHEL).

This agreement, effective January 1, 2026, will cover Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series.

Apart from this, Shell’s subsidiary inked a deal to acquire a 100% equity stake in RISEC Holdings, LLC, which owns a 609-megawatt (MW) combined-cycle gas turbine power plant in Rhode Island for an undisclosed amount.

This acquisition secures long-term supply and capacity offtake for Shell in the deregulated ...