Shell to buy all of storage specialist Sonnen

Shell has agreed to acquire 100% of sonnen, a company focused on smart energy storage systems and innovative energy services for households. This follows an investment by Shell in May 2018 and means that, post regulatory approval and completion, sonnen will become a wholly owned subsidiary of Shell.

sonnen offers smart energy storage to customers and offers digital energy services via its sonnenCommunity platform. For example, the sonnenBatterie optimises 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 decentralised energy system. Recently, sonnen put Germany’s biggest virtual battery into operation. It is based on a network of home electricity storage systems across the country to help balance power supply and demand on the power grid.

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 that are based on sonnen’s virtual battery pool.