Shell completed the acquisition of German sonnen from INVEN Capital.

Shell completed the acquisition of sonnen, a company in smart energy storage systems and innovative energy services for households from INVEN Capital. This follows an investment by Shell in May 2018 and means that post regulatory approval and completion, sonnen became a wholly-owned subsidiary of Shell. Financial terms were not disclosed. “sonnen is one of the global leaders in smart, distributed energy storage systems and has a track record of customer-focused innovation. Full ownership of sonnen will allow us to offer more choice to customers seeking reliable, affordable and cleaner energy,” Mark Gainsborough, Executive Vice President New Energies at Shell, said. “Together, we can accelerate the building of a customer-focused energy system in support of Shell’s strategy to offer more and cleaner energy solutions to customers.”