Through this investment two new partners are backing the growing energy services company, joining existing investors including E-Capital, MVP, Set Ventures, Inven Capital and GE Ventures. The international technology company Envision Energy, and Thomas Putter, former CEO and ex-Chairman of Allianz Capital Partners and a leading investor in renewable energy technology, gain a minority stake in sonnen. Roth Capital Partners advised Sonnen on the transaction.
Global partner Envision Energy
In addition to wind turbines, Envision Energy also develops energy software.The company is represented worldwide and maintains numerous research and development centers in Asia, Europe and the United States, including Silicon Valley, Houston, Texas and Boulder, Colorado. “The future of energy is clean, decentralized and digital. With its Sonnen Community platform and smart Sonnen Batterie technology, Sonnen already demonstrates how our energy infrastructure will look tomorrow. We want to support Sonnen's vision of the future of energy and make this future a reality together”, says Lei Zhang, CEO of Envision Energy.
Further international expansion
"With Envision Energy, we have gained a strategic investor who shares our vision, supplements our technology and has a strong presence in both the U.S. and Asian markets”, says Christoph Ostermann, CEO of Sonnen Group.The financing enables Sonnen to continue its dynamic growth as an energy innovator in Germany and deepen its expansion into international markets, Ostermann said. This continued growth includes the development of new products such as the energy sharing platform known as the Sonnen Community and the further expansion of its business in the United States, Australia, UK and Italy. (HCN)
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http://www.pveurope.eu/News/Energy-Storage/Energy-storage-our-expert-s-interviews-at-a-glance
