Shell is set to exit the energy storage platform developer in an acquisition by Q Cells, which is already utilising its technology.
Solar cell and module manufacturer Q Cells has agreed to acquire US-based energy storage software provider Geli for an undisclosed sum, allowing oil and gas supplier Shell to exit.
Geli is the creator of a software platform that can be used to design and manage battery-based energy storage systems for use with renewable energy installations. Its technology will be used by Q Cells to strengthen its integrated solar-and-energy-storage projects.
Hee Cheul (Charles) Kim, CEO of Q Cells, said: “There is…
