Shell-Owned German Solar Battery Company Sonnen Aiming For Growth: Report

0
364
  • The report added that Oliver Koch, who became chief executive in September, said sonnen’s batteries held big potential
  • The report added that independent market research cited by sonnen shows there were 180,000-200,000 batteries installed in Germany in early 2020

As per a report by Reuters, Royal Dutch Shell-owned German solar battery maker sonnen expects to expand in line with its core market. The report added that Oliver Koch, who became chief executive in September, said sonnen’s batteries held big potential. They are mainly aimed at homeowners with solar photovoltaic systems, allowing them to store their power output for later use.

Koch told Reuters that the company is growing at the same speed as the overall marketplace. The German market is expected to expand by 30 per cent this year and the company does not want to lose any market share, he said adding that sonnen’s share amounted to 20 per cent.

180,000-200,000 batteries installed in Germany in early 2020

The report added that independent market research cited by sonnen shows there were 180,000-200,000 batteries installed in Germany in early 2020. Sales have more than doubled in two years. New battery sales in 2020 could have hit 70,000-80,000, when 120,000 households installed solar for the first time.

The report said that new battery sales in 2020 can reach 70,000-80,000, when 120,000 households installed solar for the first time. He added that sonnen , which has sales totalling several hundred million euros number and employs 750 people, had so far sold 60,000 batteries around the world. It is also active in the United States, Australia, Britain and France.

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *