Shell acquires German company that makes batteries for home use

Feb

15

2019

Shell announced on Friday that an agreement has been signed to acquire all shares of the German company sonnen. Shell is buying a company that specializes in home batteries and smart energy storage.

Shell does not mention in the announcement anything about the financial details involved in the acquisition. However, it became known in May last year that Sonnen welcomed Shell as an investor; Shell Ventures, part of Royal Dutch Shell, then invested 60 million euros in the German company. In 2016, the American General Electric Shell was already ahead with an investment in sonnen.

Mark Gainsborough, the vice president of Shell’s New Energies business, says the full ownership of the company makes it possible to “offer more choices to customers who are looking for reliable, affordable and cleaner energy”.

Sonnen offers smart energy storage solutions in combination with digital services via its sonnenCommunity platform. The German company is best known for the sonnenBatterie, which stores energy generated via solar panels and can supply it at night. This device is similar to Tesla’s Powerwall. A year ago, the company also launched the sonnenCharger, a smart charging point that can charge electric cars on the basis of solar energy.

SonnenBatterie

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