Shell is to acquire German battery storage manufacturer sonnen in a bid to accelerate its home energy services position. Sonnen is to sit as a wholly-owned subsidiary of Shell should the acquisition clear regulatory approvals, and the deal comes less than a year after Shell made an investment in the battery firm.

The companies said the deal stood to accelerate their respective abilities to provide integrated energy services and electric vehicle charging solutions to homes, while also benefitting the provision of grid services via sonnen’s virtual power plant platform.

Shell to Acquire Battery Firm Sonnen | Devamı>>>