Shell acquires Sonnen

February 18, 2019
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Truly disruptive

After leading a $69 million investment round in the company last May, Shell has agreed to acquire the residential battery storage developer Sonnen. This deal also comes a few weeks after Shell's acquisition of Greenlots, the electric vehicle charging infrastructure developer. Shell is rapidly gearing itself up with the right technologies to take advantage of the growing presence of distributed energy resources that will enable the delivery of energy services to the built environment and to electric utilities as well with Sonnen's virtual power plant (VPP) capabilities, which may integrate Greenlot's EV charging stations. Furthermore, with Shell's support, Sonnen will become a more aggressive competitor to Tesla's Powerwall.

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