sonnen is pleased to announce the closing of its latest financing round of €60 million, led by Shell Ventures and significantly supported by all existing investors. The investment enables sonnen to expand its strategy of rapid international growth and to further enhance its pioneering position as the “utility of the future.”
Wildpoldsried, May 23, 2018 - As a world leader in smart, residential solar storage solutions, sonnen will be able to leverage this financing to strengthen its lead and accelerate growth in markets such as the United States and Australia.
German energy storage systems manufacturer sonnen has introduced a radical new way of helping households cope with ever-rising power costs. The German battery storage maker will absorb all electricity charges, and instead charge a flat fee (of $30, $40 or $50 a month depending on the size of the dwelling and capacity of its rooftop solar array) for those households installing the company’s energy storage systems, saving the average home around $3,000 a year in power costs.
Even customers without their own photovoltaic system can take advantage of the benefits of a sonnenBatterie and the free electricity tariff sonnenFlat city that will be introduced in Germany. Apartment owners and renters can now enjoy free electricity for 10 years and gain independence from their energy provider, eliminating the uncertainty of future energy cost increases.
Wildpoldsried, 26 January 2017 – Until now, it was only possible for home owners to use a home energy storage unit that was connected to their own photovoltaic system or another off-grid energy source. However, members of the sonnenCommunity in Germany can now obtain, store and use free electricity from the community without needing to generate their own power.
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