Shell buys Sonnen, Tesla’s competitor in the home battery business

A worker assembling a Sonnen battery.

Enlarge / An employee working for the manufacturer of solar batteries, Sonnen GmbH, in the Bavarian village Wildpoldsried, southern Germany, is pictured on July 5, 2016. (credit: CHRISTOF STACHE/AFP/Getty Images)

On Friday, oil major Royal Dutch Shell and German energy storage company Sonnen announced that Shell would acquire Sonnen for an undisclosed amount.

Sonnen has been one of the top competitors with Tesla’s Powerwall in the US home battery market. The company built its base in Germany, attaching batteries for self-consumption to homes with solar panels. Sonnen now claims 40,000 batteries installed in households in Germany, the US, and Australia.

The company’s assets include proprietary software that optimizes a home’s battery use in combination with solar power.

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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