Thursday, March 28

Tag: electric vehicle

Shell purchases Sonnen, Tesla’s rival in the home battery business
Business

Shell purchases Sonnen, Tesla’s rival in the home battery business

On Friday, oil major Royal Dutch Shell and German vitality stockpiling organization Sonnen declared that Shell would gain Sonnen for an undisclosed amount. Sonnen has been one of the best contenders with Tesla's Powerwall in the US home battery market. The organization constructed its base in Germany, appending batteries for self-consumption to homes with solar panels. Sonnen now guarantees 40,000 batteries installed in households in Germany, the US, and Australia. The organization's assets incorporate proprietary software that optimizes a home's battery use in combination with solar power. In May of a year ago, Sonnen conveyed a "virtual battery" framework in Germany, aggregating residential batteries into one-megawatt blocks. As Sonnen wrote in a press release at the time: "...