sonnen to deliver 20,000 storage systems to newly-formed „Energy Alliance Italia”

sonnen to deliver 20,000 storage systems to newly-formed „Energy Alliance Italia”

The newly-formed “Energy Alliance Italia” announced today an agreement to install 20,000 sonnenBatteries in Italy over the next 24 months. The alliance consists of the largest and most innovative installers across Italy, including Supersolar, Smile Energy, CDNE, Rex Energy and Sky NRG. The framework agreement between the alliance members and sonnen, the global market leader for intelligent energy storage systems and operator of the largest energy sharing platform (the “sonnenCommunity”), was officially signed on October 20, 2017.

“Italy has outstanding conditions to become a leading European market for energy storage and electricity sharing. Our alliance is an important cornerstone in forming a deep strategic partnership between Italy’s leading installers and sonnen, securing the best technology and production capacity” says Giorgio Mattaliano Belforti, CEO and Chairman of Smile Energy.

The goal of the “Energy Alliance Italia” is to deploy sonnenBatteries to 20,000 Italian households over the next 24 months and set the groundwork needed to create the largest virtual power plant (VPP) in Italy. Households will be able to generate their own electricity with solar panels and store the excess in their sonnenBatteries, making them largely independent from traditional utilities and reducing energy bills by up to 85%.

In addition to reducing energy bills, households will become part of a decentralized energy community in which members share energy with each other. With this technology, already deployed by sonnen in Germany, the U.S. and Australia, Italy will establish its own sonnenCommunity. Members of the sonnenCommunity will become 100% independent from conventional energy suppliers by creating their own, self-sufficient energy network.

“We are one step closer to providing clean and affordable energy for everyone. Our innovative energy sharing platform provides the technology to implement this ambitious project, which is the largest of its kind in Europe”, says Philipp Schröder, Managing Director and Chief Sales & Marketing Officer at sonnen.

Rising electricity prices and falling costs for both PV and energy storage have made Italy the second largest market for solar-based self-consumption, trailing only Germany. High solar-based self-consumption creates the foundation for additional services like grid stabilization and re-dispatch using smart networks of decentralized storage systems - opportunities that sonnen is already pursuing in its country of origin, Germany, and is set to deploy abroad.

At the same time a new city is being built in the US state of Arizona, where 3,000 homes will produce, store, and share their own power. In doing so, sonnen has undertaken what is currently also the biggest residential power storage project in the USA.

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About sonnen
The sonnen Group is one of the fastest growing companies in Germany. In a ranking of the ‘Top 50 Smartest Companies 2016’ by the Massachusetts Institute of Technology (MIT), sonnen GmbH was listed alongside Amazon, Facebook and Tesla. Investors in the Allgäu company include the US technology corporation General Electric. sonnen already supplies over 60,000 people globally with clean energy. The sonnenCommunity is an online network based on the blockchain idea for sharing self-generated power.

About eCAPITAL
eCAPITAL entrepreneurial Partners AG is a Münster-based alternative investment fund manager (AIFM) in accordance with EU-directive EuVECA. As a leading German venture capital firm, eCAPITAL has supported innovative entrepreneurs in future-oriented industries since 1999. The firm focuses on rapidly growing companies in the software / IT, industry 4.0, cleantech and new materials industries. Currently, eCAPITAL manages six funds with a total of 200 million euros under management and invests in companies in early and later stages.

Contact

sonnen GmbH
Mathias Bloch
Am Riedbach 1
87499 Wildpoldsried
Tel.: +49 8304 929 33 426
Email: m.bloch(at)sonnenbatterie.de
Internet: 
www.sonnenbatterie.de

eCAPITAL entrepreneurial Partners AG
Bettina Schäfer
Hafenweg 24
48155 Münster
Tel.: +49 251 703 767 0
Email: info(at)ecapital.de
Internet: www.ecapital.de