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Parent Of Retail Supplier To Acquire Residential-Focused Storage Provider Sonnen

Envisions Building Customer-Focused Energy System, Offering More Choices, Energy Solutions

February 15, 2019

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Reporting by Paul Ring • ring@energychoicematters.com

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Shell has agreed to acquire 100% of sonnen, a provider of smart energy storage systems and innovative energy services for households.

This follows an investment by Shell in May 2018 and means that, post regulatory approval and completion, sonnen will become a wholly owned subsidiary of Shell.

"Full ownership of sonnen will allow us to offer more choice to customers seeking reliable, affordable and cleaner energy,” Mark Gainsborough, Executive Vice President New Energies at Shell, said. "Together, we can accelerate the building of a customer-focused energy system in support of Shell’s strategy to offer more and cleaner energy solutions to customers."

"The agreement 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," the companies said

sonnen offers smart energy storage to customers and offers digital energy services via its sonnenCommunity platform. For example, the sonnenBatterie optimizes the use of solar power in a household and supplies energy at night using stored solar power generated in daytime. sonnen has also combined its technology with new business models for a decentralized energy system.

Recently, sonnen put Germany’s biggest virtual battery into operation. It is based on a network of home electricity storage systems across the country to help balance power supply and demand on the power grid.

As previously reported, Shell established its New Energies division in 2016, being involved at almost every stage of the process, from generating electricity, to buying and selling it, to supplying it directly to customers. Shell aims to make electricity a significant part of its business.

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