Oil and gas company Shell has agreed to acquire 100% of Germany-based sonnen, a company that offers a residential storage product in the U.S.
The Feb. 15 announcement follows an investment by Shell in sonnen May 2018, which means that, post regulatory approval and completion, sonnen will become a wholly owned subsidiary of Shell. sonnen in 2016 said that it planned to offer an energy storage product in U.S. residential markets.
sonnen’s sonnenBatterie is an integrated all-in-one energy storage system for residential and commercial customers. In addition to the battery modules, the inverter and the measurement technology, the system also integrates an intelligent energy manager software that controls energy usage for homes and businesses. Additional information about sonnen is available here.
The sonnen acquisition marks the latest move by Shell into the distributed energy resources space. In late January, Greenlots, an U.S.-based electric vehicle charging and energy management software firm, announced it had signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc.
Other residential storage players in the U.S.
Electric vehicle manufacturer Tesla also offers a residential storage product in the U.S., the Powerwall.
In late 2016, Germany-based Daimler AG, the parent company of Mercedes-Benz, said it was expanding its stationary energy storage business to the U.S. market.
Mercedes-Benz energy storage products will enter the North American market early 2017, starting with the launch of a modular residential product.