Germany: Energy Shell to Acquire Smart Energy Service Provider Sonnen

Editor: Ahlam Rais

With this move, Shell intends to offer more choices to customers seeking cleaner energy. This will also enhance the ability of the two companies to offer electric vehicle charging solutions, and the provision of grid services that are based on sonnen’s virtual battery pool.

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Shell Overseas Investment has agreed to acquire 100 % of sonnen.
Shell Overseas Investment has agreed to acquire 100 % of sonnen.
(Source: Deposit Photos)

Germany – Shell Overseas Investment has agreed to acquire 100 % of sonnen, a leader in 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.

Through the full ownership of sonnen, Shell aims to offer more choices to customers seeking reliable, affordable and cleaner energy. 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.

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