Residential battery storage maker sonnen is reporting two very different stories today: Its German business has filed for insolvency, while sonnen USA says sales have doubled and it’s preparing to expand.
The insolvency filing comes just two months after Shell sold sonnen to investment group TIVEN. Germany’s Handelsblatt reported that sonnen GmbH confirmed the filing and informed roughly 400 employees in Wildpoldsried, Bavaria, on October 22.
For homeowners with sonnen batteries, the immediate question is what happens to service. According to Handelsblatt, the company intends to keep supporting its more than 150,000 existing customers. But a substantial overhaul is coming: Numerous…