sonnen files for insolvency in Germany as US sales double
Sonnen, a residential battery storage company, is facing a split fortune: its German operations have filed for insolvency, while its US business reports strong growth with sales doubling and plans for expansion underway. The contrasting results highlight regional market differences in the energy storage sector.
Key points
- German business filed for insolvency
- US sales doubled
- Expansion planned in US market
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