Fossil-fuel giants invest in battery storage

Germany-based battery storage firm Sonnen and Israeli fast-charge developer StoreDot have secured cash boosts from the investment arms of two fossil fuel multinationals in separate deals.
Germany’s Sonnen has raised EUR60 million ($70.5m) in a financing round led by Shell Ventures— the private equity arm of oil and gas giant Shell.
The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.