Shell invests in battery manufacturer Sonnen
The German battery manufacturer Sonnen has finished a new round of financing with a 60 million euro boost and Shell as a new investor.
The majority of the investment sum comes from Shell, but the US tech giant GE, the Chinese wind energy provider Envision, as well as other donors participated in the financing for the German battery manufacturer. The financing will help cement Sonnen’s position as a leading global battery manufacturer.
Aside from the investment itself, Shell’s renewable energy division will also cooperating strategically with Sonnen. The focus of the cooperation is set towards the development of innovative, clean energy solutions, as well as charging infrastructure for e-mobility and network services based on Sonnen’s networked battery pool.
In October, Shell also took over the charging infrastructure specialists NewMotion. A month later, the oil corporation joined the HPC network IONITY.
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