Startup · $95m raised
Adelaide
Every investor coverage indicates participated in a round Sonnen raised.
The transaction that ended Sonnen's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Shell | Acquisition | 15 Feb 2019 | - | SmartCompany, RenewEconomy |
Companies Sonnen acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Christoph Ostermann | CEO · Founder | RenewEconomy (Tue 11 Oct 2022), RenewEconomy (Mon 18 Feb 2019) |
| Marc Sheldon | Asia Pacific Chief Operating Officer (former) | RenewEconomy |
| Nathan Dunn | Managing Director | @AuManufacturing |
Stories naming Sonnen. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Home energy group 1komma5° has invested in Queensland solar and storage firm Arkana Energy Group, its fourth and largest Australian purchase, following earlier deals for Natural Solar, Solaray Energy and Kozco Energy Group.
German conglomerate 1komma5° has taken a controlling stake in NSW solar and battery retailer Natural Solar, launching its Asia Pacific expansion into household electrification services.
Also RenewEconomy·RenewEconomy
Shell's takeover of Powershop from Meridian Energy has upset green-minded customers; Environment Victoria cut ties, while renewable-focused retailers reported sign-up surges as defectors shop elsewhere.
Also SmartCompany
Energy software firm SwitchDin hires Marc Sheldon as its first Chief Operating Officer to drive expansion; he previously led Asia Pacific operations at battery maker sonnen.
Distributed energy software company SwitchDin has secured a five million dollar investment from solar manufacturer Q Cells, whose German parent sees Australian rooftop solar technology as key to integrated energy offerings.
Oil major Shell has completed its takeover of German home battery maker Sonnen, setting up a contest with Tesla and LG Chem, with the piece also noting Sonnen's Adelaide plant and other oil majors' clean-energy purchases.
Also SmartCompany
Speculation that Shell may deepen ties with or acquire German battery maker Sonnen, recalling Shell's 2018 investment, its Greenlots purchase, and Sonnen's funding history including European Investment Bank money.
Also RenewEconomy
A Brisbane solar technology company's inverter has been accepted into South Australia's home battery subsidy scheme, while the Queensland Government announced $4 million to help it build an energy monitoring platform.