China's Envision joins investors in German battery firm sonnen cash boost



A German battery maker which allows people to store and pool electricity said it has secured 76 million euros ($85 million) from venture capital investors, including Chinese wind turbine and energy management group Envision, to develop its systems.
Start-up sonnen, formerly Sonnenbatterie, said in a statement on Sunday it plans to use the money to expand in Italy, Australia, the United States and Britain.
Its technology allows renewable power to be stored and then used when weather conditions prevent sufficient generation.
Such storage is moving into a price range which makes it more... read more

 
16 October 2016 in Business, Views: 48
Source: Reuters
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