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Enlarge / An employee working for the manufacturer of solar batteries, Sonnen GmbH, in the Bavarian village Wildpoldsried, southern Germany, is pictured on July 5, 2016. (credit: CHRISTOF STACHE/AFP/Getty Images)
On Friday, oil major Royal Dutch Shell and German energy storage company Sonnen announced that Shell would acquire Sonnen for an undisclosed amount.
Sonnen has been one of the top competitors with Tesla’s Powerwall in the US home battery market. The company built its base in Germany, attaching batteries for self-consumption to homes with solar panels. Sonnen now claims 40,000 batteries installed in households in Germany, the US, and Australia.
The company’s assets include proprietary software that optimizes a home’s battery use in combination with solar power.
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Enlarge / This photo represents a previous project completed by the Green Power EMC and Silicon Ranch partnership. The 52 MW ac solar energy plant in Hazlehurst, Georgia incorporates 633,600 solar modules. (credit: PRNewsfoto/Silicon Ranch Corporation)
On Monday, Royal Dutch Shell announced that it is going to acquire a 43.86-percent stake in a Nashville-based solar plant company called Silicon Ranch Corporation. The deal could cost up to $ 217 million, according to Reuters.
The Netherlands-based oil and gas company is one of the biggest companies in the world, and, by its own account, it recorded revenue of $ 233.6 billion in 2016 and $ 4.8 billion in net income. The $ 217 million it has set aside for a US-based solar investment is a small fraction of that, but it does reflect some willingness to acknowledge a future, however far out, in which oil and gas may not dominate energy and transportation sectors.
The move follows oil and gas giant BP (formerly British Petroleum), which invested $ 200 million in European solar development company Lightsource just a month ago.
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Moto G4 and Moto G5 model Motorola phones are vulnerable to kernel command line injection vulnerabilities.
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