February 15 (Renewables Now) - Energy major Royal Dutch Shell Plc (AMS:RDSA) today announced a deal to buy 100% of German energy storage specialist Sonnen for an undisclosed sum.
The acquisition by Shell Overseas Investment BV follows an investment in Sonnen from May 2018. “Full ownership of sonnen will allow us to offer more choice to customers seeking reliable, affordable and cleaner energy,” said Mark Gainsborough, executive VP New Energies at Shell.
Sonnen offers smart energy storage solutions and digital energy services via its sonnenCommunity platform. The acquisition by Shell is to “drive the growth of sonnen to a new level” and help accelerate the transformation of the energy system, said Christoph Ostermann, CEO and co-founder of the German company.
Two months ago it was announced that Sonnen and its technology partner, Tiko Energy Solutions, have obtained pre-qualification from transmission system operator (TSO) TenneT to provide primary balancing power using a network of residential battery storage systems across Germany. The individual energy storage systems independently arrange themselves into a large-scale virtual battery. The battery qualifies to participate in the primary operating reserve market.
Working together, Shell and Sonnen will offer innovative integrated energy services and electric vehicle charging solutions, as well as grid services based on the virtual battery pool.