Oil and gas major Shell has outlined an overhaul of its company strategy as it bids to take advantage of worldwide electrification.
Centrica has completed the installations of 100 domestic batteries in Cornwall as part of its Local Energy Market (LEM) trial.
Shell Energy said its decision to rebrand was a “line in the sand” as it pledged to kick-start a consumer-facing revolution in the supply market.
Shell has rebranded First Utility as Shell Energy and switched all of its residential customers to 100% renewable power as it places the UK supply market firmly in its crosshairs.
German battery storage firm sonnen is expecting to benefit from synergies from more companies within Shell’s New Energies unit as the energy transition accelerates.
Shell is to acquire German battery storage manufacturer sonnen in a bid to accelerate its home energy services position.
Installations of solar and battery units are underway in Cornwall as part of a local energy project setting out to prove that distributed energy resources can power homes and businesses in the region via a smart digital aggregation platform.
Shell’s investment in sonnen is yet more evidence that international energy majors are starting to really act on clean energy, the battery storage manufacturer’s chief executive has said.
Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (£52.6 million) investment round by German battery storage firm sonnen.