Solarwatt flexes muscles in home energy storage fight with Shell, Tesla – Reuters

Solarwatt flexes muscles in home energy storage fight with Shell, Tesla – Reuters

FRANKFURT, July 7 (Reuters) - Germany's Solarwatt, backed by BMW's billionaire shareholder Stefan Quandt, plans to launch a small module that lets homeowners link rooftop solar panels to power storage batteries and electric vehicles to cut costs.

The wallbox allows home owners to control when and how much home-produced photovoltaics (PV) power they store, use to charge their electric vehicles (EVs), or sell to the grid.

The move takes aim at Shell-owned (RDSa.L) sonnen, China's BYD (002592.SZ), , Germany's E3/DC, EnBW's (EBKG.DE) Senec, LG Chem (051910.KS), Varta (VAR1.DE) and Tesla (TSLA.O), which EuPD Research says dominate the home storage market.