Shell plc (LSE:SHEL) entered into an agreement to acquire Daystar Power Energy Solution from Persistent Energy Capital AG and others on September 22, 2022. Daystar Power's co-founders and management team will continue to grow its operations in its key West African markets, while expanding its presence to other African countries in East and Southern Africa. The deal subject to regulatory approvals, to deliver carbon emission reductions and power cost savings to C&I businesses across Africa.

As of December 16, 2022, the transaction received regulatory approvals. Tracey Renshaw and Chris Baird, Natasha Luther-Jones of DLA Piper acted as legal advisor to Shell.