shell buys german battery maker sonnen - lithium ion rechargeable battery

London (AFP)-Anglo-
Dutch oil giant Royal Dutch Shell agreed on Friday to buy Sonnen, a German manufacturer of rechargeable batteries ).
Shell, which has invested in German start-ups
On May 2018, the company revealed in a statement that it would purchase 100% of Sonnen in an undisclosed amount.
Tender, which makes lithium
Ion batteries used to store wind and solar energy were established in 2010 and have since grown rapidly to become the dominant force in Europe.
"Sonnen is one of the global leaders in intelligent distributed energy storage systems with customer records
"Focus on innovation," said Mark Gainsboro, executive vice president of Shell's new energy division.
"Full ownership of Sonnen will enable us to offer more options for customers looking for reliable, economical and clean energy.
We can speed up the construction of our customers together-
"Focus on energy systems and support Shell's strategy of providing customers with more, cleaner energy solutions," he added in the statement . ".
Analysts said Friday's announcement showed that the traditional oil industry is looking to further diversify into green energy.
Markets's Neil Wilson said the announcement was "a signal for 100% oil giants to locate green energy ". com.
In June 2018, Shell's main rival in the UK, BP, bought Chargemaster, Britain's largest electric vehicle charging company, betting on a surge in demand for green transportation.