The deal comes less than a year after Shell's initial investment in sonnen. Source: Sonnen
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.
A Shell executive this week noted the company's plan to build a 120MW solar PV project in Australia, while also highlighting its then partnership with sonnen, which has already installed more than 3,000 battery systems in Australia.
As the Energy sector accelerates along its digital transformation journey, the industry is faced with how best to deploy technology in order to transform operations, drive efficiency, reduce cost and lessen environmental impact.With digitalisation affecting the entire value chain, EnTech will play a pivotal role in demystifying the technology disrupting the market and help organisations with investment in innovation.EnTech features a case-study led agenda providing expert market insight and an unrivalled networking opportunity to discuss the latest innovation and implement the right technology roadmap.