Shell acquires Sonnen smart energy business

Shell is to acquire 100% of Sonnen, a manufacturer of smart residential storage systems, following an initial investment in May last year. Started up in Germany, Sonnen now also has locations in the UK Italy, Australia and the USA.

Sonnen offers digital energy services via its sonnenCommunity platform, including sonnenBatterie, which  optimises the use of solar power. It has used new business models for a decentralised energy system. Recently, sonnen put Germany’s biggest virtual battery into operation, based on a network of home electricity storage systems.

“Sonnen is one of the global leaders in smart, distributed energy storage systems and has a track record of customer-focused innovation. Full ownership of Sonnen will allow us to offer more choice to customers seeking reliable, affordable and cleaner energy,” said Mark Gainsborough, executive vice president new energies at Shell.

The company said the agreement will accelerate the ability of the two companies to offer innovative integrated energy services and electric vehicle charging solutions, and the provision of grid services  based on Sonnen’s virtual battery pool.