RDSA Shell Plc

   By Oliver Griffin 
 

Royal Dutch Shell PLC (RDSB.LN) said Friday that it has agreed to buy Sonnen, a German company, for an undisclosed sum following an earlier investment in May.

The Anglo-Dutch oil-and-gas company said Sonnen is a global leader in smart, distributed energy sources.

Sonnen is a manufacturer of smart residential energy-storage systems.

Mark Gainsborough, executive vice president of Shell's new energies division, said: "Full ownership of Sonnen will allow us to offer more choice to customers seeking reliable, affordable and cleaner energy."

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

February 15, 2019 03:29 ET (08:29 GMT)

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