Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Shell Ventures backs Sonnen’s solar energy sharing model



ImpactAlpha, May 25 – Solar power models available to residential customers today include off-grid panels, micro-grid communities that use a shared power source and network, and central-grid connected solar users who channel excess power back to utilities.

Germany’s Sonnen, which makes solar energy storage batteries, has developed a system to allow solar-powered residences to share self-generated power among themselves. It connects users of its solar batteries to each other through its sonnenCommunity product.

  • Oil company backing… Oil giant Royal Dutch Shell’s venture arm led Sonnen’s €60 million ($71 million) funding round.
  • Investment to date… Sonnen has raised about $180 million and its prior investors include GE Ventures, eCapital, MVP, SET Ventures and Inven Capital.
  • Customer base… Sonnen has about 120,000 customers, including 17,000 sonnenCommunity customers, and plans to expand in the U.S. and Australia.

You might also like...