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German solar battery maker Sonnen qualifies to provide grid services

FILE PHOTO: A lithium battery unit of the startup "sonnen", formerly known as Sonnenbatterie, is seen in Berlin, Germany, October 14, 2016. REUTERS/Axel Schmidt/File Photo

 

FRANKFURT: German solar battery maker Sonnen has won approval to join the lucrative market for keeping the country's power network in balance, giving a boost to its drive to reach profitability.

 

Jean-Baptiste Cornefert, head of Sonnen's eServices retail unit, told Reuters it had been accepted by Germany's biggest power grid firm TenneT to join the so-called balancing market, in which companies compete in auctions to either deliver power or take it into storage to keep the system balanced.


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