Shell to Acquire sonnen

shellShell (via Shell Overseas Investment B.V.) is to acquire sonnen, a German provider of smart energy storage systems and innovative energy services for households.

This deal, whose amount was not disclosed, follows an investment by Shell in May 2018.
Post regulatory approval and completion, sonnen will become a wholly owned subsidiary of Shell.

The acquisition 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.

Led by Christoph Ostermann, Chief Executive Officer and Co-Founder, The sonnen Group is a leading manufacturer of smart residential storage systems and is a pioneer of technologies for a clean, decentralized and connected energy system. With its virtual battery that is based on digital connected residential storage systems, the company offers new and innovative energy services for grid providers and customers. sonnen offers its products in many different countries and has locations in Germany, Italy, UK, Australia and the USA.



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