The sonnen Group, manufacturer of intelligent battery storage in Europe, has completed a new financing round with a total equity amount of US$ 85 million. The financing enables sonnen to continue its dynamic growth as an energy innovator in Germany and deepen its expansion into international markets.
Through this investment Envision Energy, and Thomas Putter, former CEO and ex-Chairman of Allianz Capital Partners and an investor in renewable energy technology, gain a minority stake in sonnen. In addition to its wind turbines, Envision Energy also develops intelligent software for the orchestration of the future energy world, which consists of a variety of decentralised energy sources and devices.
