A small German startup has connected 20,000 households that independently produce energy. The company is Sonnen. It’s virtual network allows users to buy and sell excess energy to each other at a reduced cost. The FT has more.
In Germany, about 20,000 households are already part of an initiative, launched by energy storage company Sonnen, which connects homes that independently produce energy. Sonnen’s virtual network allows them to buy and sell excess energy to each other at a reduced cost.
Sonnen is Europe’s largest maker of rechargeable energy storage packs. When the company launched in 2010, its battery packs sold for €25,000. Today, they cost €5,000…
In Brooklyn, a start-up called LO3 Energy is testing a similar system that allows neighbours to buy and sell energy on a microgrid.
Such ideas could change lives in a way that compares with what mobile phones have done in the past decade, said Frank Rijsberman, director-general of the Global Green Growth Institute in Seoul.