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Shell

Founder of lithium-ion ESS firm Sonnen steps aside as COO promoted to top seat

Mon, 10/05/2020 - 12:40 -- Paul Crompton

Sonnen, the residential lithium-ion energy storage maker bought by Shell, has announced its founder and CEO will step down from his role.

Oliver Koch took over the management of the Sonnen Group on 1 October following his promotion from chief operating officer (COO), where he been since 2014. Koch has also been part of the management board fir six years.

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UK battery tech firm added to Shell collection

Mon, 03/04/2019 - 00:00 -- Hugh Finzel

Fossil-fuel giant Shell has further extended its reach into the energy storage sector with the acquisition of virtual battery systems operating firm, Limejump.

The purchase by Shell’s New Energies division comes hot on the heels of the multinational’s acquisition of all of the shares in German battery storage firm Sonnen, as reported in last week’s BEST Battery Briefing.

Limejump is a UK-based energy storage management company that describes itself as “the first energy company to trade an aggregated unit and the first to trade batteries in the UK balancing mechanism market”.

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Shell tightens grip on storage with Sonnen takeover

Mon, 02/25/2019 - 00:00 -- Hugh Finzel

Fossil fuel giant Shell has acquired 100% of German battery storage firm Sonnen for an undisclosed sum.

The move comes less than a year after Sonnen raised €60 million (US$70.5m) in a financing round led by Shell.

Shell said the deal, which is subject to various regulatory approvals, aimed to “accelerate the building of a customer-focused energy system in support of Shell’s strategy to offer more and cleaner energy solutions to customers”.

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