Sonnen receives 25-million-euro loan from the European Investment Bank
pv magazine
German battery storage supplier Sonnen has received a 25-million-euro loan from the European Investment Bank (EIB), . The EIB said supporting Sonnen will help Europe realise its clean energy targets, and added that the loan will part-finance the storage company’s 83-million-euro 2019-2021 investment plan for research and development, digitalisation and sales and marketing. In May, Sonnen closed its last financing round with 60 million euros from a group of investors led by Shell Ventures. Sonnen says it aims to strengthen its presence in the US and Australian markets, according to the article.