Shell buys German energy storage firm Sonnen
19 February, 2019
Anglo-Dutch oil and gas giant Shell has agreed to buy 100% of Sonnen, a German smart energy storage firm, for an undisclosed amount.
Sonnen, founded in 2010, has quickly become one of Europe’s largest manufacturers of rechargeable energy storage packs, having installed 40,000 of its units across Germany, Australia and the US.
Recently, the company started-up Germany’s biggest virtual battery, based on a network of home electricity storage systems across the country.
As a Shell subsidiary it will now extend its product range into electric vehicle charging infrastructure.