"With GE Ventures we not only have one of the world's largest technology enterprises as partner, but also another supporter for our goal to completely redesign today's energy supply," Sonnen chief executive Christoph Ostermann says.

Sonnen, which claims to be Europe's largest producer of lithium-ion based battery storage systems, has sold more than 10,000 storage systems globally. The company formerly was known as Sonnenbatterie.

Sonnen recently has started offering storage-plus-solar systems in the US that are based on Sony Li-ion batteries and SolarWorld PV panels, which has quickly become its second largest market after Europe and has boosted its overall sales.

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