Shell to acquire battery firm sonnen

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Shell’s interest in catering for consumers’ home energy needs is well documented and has escalated since it acquired independent supplier First Utility in December 2017.
Its New Energies unit has also become home to a host of other decarbonized and decentralized energy investments over the last few months including solar developers Silicon Ranch and Cleantech Solar and Dutch EV group NewMotion.

According to Energy-Storage news, Oil and gas giant Shell is to acquire German battery storage manufacturer sonnen in a bid to accelerate its home energy services position. Indeed, it indicates that the battery issue is becoming more and more popular.
Sonnen is to sit as a wholly-owned subsidiary of Shell should the acquisition of clear regulatory approvals, and the deal comes less than a year after Shell made an investment in the battery firm.

The companies said the deal stood to accelerate their respective abilities to provide integrated energy services and electric vehicle charging solutions to homes, while also benefitting the provision of grid services via sonnen’s virtual power plant platform. ——————–***——————–
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Shell to acquire battery firm sonnen

‘All rights go to the author of the news and image mentioned above’

Location: Oslo, Norway

Date: Feb 17, 2019 @ 16:57

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