Younicos has signed agreements for $50 million in growth capital to further scale its deployment of intelligent energy storage solutions. The funding comes from a consortium that includes First Solar, Inc., a global provider of solar energy solutions and Grupo ECOS, a sustainable investment-focused private equity firm. They join an undisclosed strategic lead investor. According to GTM Research, this is the largest investment in a technology independent energy storage provider in 2015.
“We welcome our new investors and partners. Their investment and strategic cooperation commitment is the strongest possible testament to both the enormous potential of the energy storage market and the unique leadership position Younicos maintains within it,” said James P. McDougall, CEO of Younicos.
The company was founded in 2005 in Berlin, and has more than 150 employees in Germany and the USA.