GE Ventures adds energy storage to investment portfolio

on June 10, 2016

SeeNewsJune 6 (SeeNews) – General Electric’s (NYSE:GE) startup-collaboration division, GE Ventures, has added German energy storage specialist Sonnen GmbH to its investment portfolio, the German company said in a statement on Monday.

The US venture capital company, along with existing investors in Sonnen, provided a sum in the double-digit million-euro range that should help the German firm develop its brand of residential power storage systems.

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SeeNewsGE Ventures adds energy storage to investment portfolio