HomeSmart Grid T&DEnergy StorageShell to acquire German energy storage firm sonnen

Shell to acquire German energy storage firm sonnen

Energy giant Shell is buy German energy storage firm sonnen.

With the help of Shell, sonnen will accelerate its ability to offer innovative integrated energy services and electric vehicle charging solutions, and the provision of grid services that are based on sonnen’s virtual battery pool.

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

sonnen co-founder and chief executive Christoph Ostermann said: “Shell New Energies is the perfect partner for helping us grow in a market that is expanding rapidly. With this investment we’re excited to help more households to become energy independent and benefit from new opportunities in the energy market. Shell will help drive the growth of sonnen to a new level and help speed up the transformation of the energy system.”

sonnen offers smart energy storage to customers and digital energy services via its sonnenCommunity platform. For example, the sonnenBatterie optimizes the use of solar power in a household and supplies energy at night using stored solar power generated in daytime. sonnen has been a pioneer in the energy market by combining its technology with new business models for a decentralized energy system. Recently, sonnen put Germany’s biggest virtual battery into operation. It is based on aà‚ network of home electricity storage systems across the country to help balance power supply and demand on the power grid.

sonnen was recently atà‚ DistribuTECHà‚ showing off its storage systems and software platform that creates virtual power plants (VPPs). The company presented a session in one of the event’s Knowledge Hubs titled How utilities are creating virtual power plants with residential batteries.