Stockholm, Sweden 22 May 2019
Cleantech Group has awarded sonnen the European Deal of the Year for its acquisition by Shell New Energies. The award recognizes the stand-out deal for the period from March 2018 to March 2019, considered not only for its financial characteristics, but also for the wider impact and what the deal says for the future of deal-making for clean technology companies and investors, and for the direction and future of sustainable innovation.
The award highlights the growing need not only for resource innovation, but for innovative and powerful new alliances that can unlock markets and achieve the scale to transform the present into a de-carbonized and resource-efficient future.
“There were other European deals this year which outperformed this on return on investment metrics, but the message of this award transcends finance”, said Richard Youngman, CEO Cleantech Group. “sonnen’s sale to Shell New Energies delivers a clear message – we’re all in this together. It speaks to the importance of embracing the future of unusual alliances, of big and small, of incumbent and innovators working together across different cultures, leveraging each other’s advantages.”
The award forms part of the series Cleantech Group has been running since 2002 to celebrate the achievements of companies, investors and individuals.
About Cleantech Group
Cleantech® Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.
The company was established in 2002 and is headquartered in San Francisco with a growing international presence in London. Our parent company, Enovation Partners, is based in Chicago.