British Aggreko PLC acquired German battery storage company Younicos AG. Investment is £40 million ($52 million). Younicos delivers smart energy solutions integrating battery storage, which are modular and scalable. The Younicos’s CEO Stephen Prince will report directly to Chris Weston, Aggreko Chief Executive.
Younicos was founded in 2005 and has over 200 MW of installed storage systems, with a strong pipeline across both developed and emerging markets. In 2016, Younicos had revenues of £7 million and made an operating loss of £15 million; gross assets at 31 December 2016 were £20 million.
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