The deal comes less than a year after Shell's initial investment in sonnen. Source: Sonnen

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.

Read the full story on PV Tech's sister site Energy-Storage.news.

Tags: energy transition, shell, sonnen, acquisitions, m&a

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