In June, Sonnen saw sales increase to almost €10 million. In the first half of the year, an increase 50% was seen compared to the same period last year, said the Allgäu provider of PV home storage systems on Friday.
Worldwide, 1,500 solar batteries have been delivered, thus setting a new sales record. Around 75% were supplied to the DACH region, which includes Germany, Austria and Switzerland.
Sonnen attributes several reasons for the sales record, including a general positive trend in the PV home storage market; payoff from information gleaned from the electricity services it provides; and an expansion of its specialist partner network in Germany.
In this regard, Sonnen signed a distribution partnership with Porsche Holding Salzburg at the end of June. Under the “Moon” brand, it will sell its home PV storage systems together with intelligent wall boxes for electric vehicles.
For the full year, the Germany-based company expects sales of between €80 million to €100 million, a spokesperson told pv magazine. In view of further internationalization, the company expects that 45-50% of its sales will be generated outside of Germany.
In May, Sonnen secured €60 million in new financing for, among other things, growth plans in the U.S. and Australia; and its cooperation with Shell Ventures, which led the funding round.