HomeSmart Grid T&DEnergy StorageAggreko buys Younicos for $52m

Aggreko buys Younicos for $52m

Aggreko is set to buy energy storage outfit Younicos for à‚£40m ($51.8m).

Based in the US and Germany, Younicos supplies modular battery storage systems from 200 kW to 20 MW as well as bespoke grid-scale storage systems and a proprietary control solution. The company says it has commissioned 150 MW in 40 projects worldwide.

Aggreko said it intends to deploy Younicos’s integration and control systems, combined with batteries, across its existing temporary power fleet worldwide.

Company head Chris Weston said: “As energy markets continue to decarbonize, decentralize and become more digital, the integration and control of multiple energy sources, including thermal and renewable, will be essential to ensure the provision of reliable power.

“As a pioneer of smart energy solutions based on battery storage, Younicos is at the forefront of this trend. Together we are a powerful combination; our scale, fleet and global presence, coupled with a smart energy capability, will allow us to open up new markets and provide our customers around the world with a reliable, cheaper and cleaner source of energy.”