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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”.

“Shell will help us to drive our innovative technology platform to new heights”, said Limejump CEO Erik Nygard. “This agreement supports our continued mission to revolutionise the energy industry and, to put it simply, we are now supercharged and ready.”

Brian Davis, VP of energy solutions at Shell New Energies, said the company had been impressed with Limejump’s “track record of building a digital energy platform and that connects and optimises a diverse range of assets”.

On completion of the deal— for an undisclosed sum— Limejump will become a wholly owned subsidiary of Shell.

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