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Shell has agreed to acquire 100% of Sonnen, a leader in smart energy storage systems and innovative energy services for households. This follows Shell's investment in May 2018 and means that after its approval and completion by the regulatory authorities, Sonnen will become a wholly-owned subsidiary of Shell.
"Sonnen is a global leader in intelligent, distributed energy storage systems and has a proven track record of customer-driven innovation. Sonnen's full ownership will allow us to offer more choice to customers looking for reliable, affordable and cleaner energy, "said Mark Gainsborough, executive vice president of new energy at Shell. "Together, we can accelerate the building of a customer-focused energy system, in line with Shell's strategy to provide its customers with cleaner, cleaner energy solutions."
– Mark Gainsborough, Shell
Christoph Ostermann, CEO and co-founder of Sonnen, said: "Shell New Energies is the ideal partner to help us grow in a growing market. With this investment, we are pleased to help more households become energy independent and take advantage of new opportunities in the energy market. Shell will help advance Sonnen's growth and accelerate the transformation of the energy system. "
Sonnen, which competes with Tesla Powerwall and more recently LG Energy Storage Systems, offers customers smart energy storage and digital energy services via its SonnenCommunity platform.
For example, sonnenBatterie optimizes the use of solar energy in a household and provides energy at night using stored solar energy generated during the day. Sonnen pioneered the energy market by combining its technology with new business models for a decentralized energy system.
Integrated energy services
Sonnen recently commissioned the largest virtual battery in Germany. It relies on a network of residential electrical storage systems across the country to help balance the supply and demand for electricity on the electricity grid.
Sonnen's EcoLinx targets the home market and debuted at CEDIA Expo 2018. This product, which combines energy storage and smart home controls.
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The agreement will accelerate the ability of both companies to offer innovative solutions for integrated energy services and EV charging, as well as the provision of network services based on Sonnen's virtual battery pool.
Shell has created its new energy division in 2016. Shell New Energies focuses on two main areas: new fuels for transportation, such as advanced biofuels and hydrogen; and energy, operating at almost every stage of the process, from generation to purchase and sale of electricity, to direct supply to customers.
Shell aims to make electricity an important part of its business. Shell's New Energy business seeks to leverage its strengths in high-growth and commercial energy sectors and could spend an average of $ 1-2 billion a year through 2020 on business opportunities.
The German-based Sonnen Group is a leading manufacturer of smart residential storage systems and a pioneer of technologies for a clean, decentralized and connected energy system. Thanks to its virtual battery based on digitally connected residential storage systems, Sonnen offers innovative new energy services to network providers and customers.
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