Aggreko fully integrates Younicos battery storage offer into global business
• Leading battery storage pioneer, Younicos, is today fully integrated into Aggreko, FTSE-250 listed global energy company.
• Battery and energy management expertise will now be delivered through a modular and mobile storage-as-a-service offering.
• New business unit, Aggreko Microgrid and Storage Solutions (AMSS), combines the capabilities of Younicos with Aggreko’s expertise in solar hybrid and other global power technologies.
• Integration will increase Aggreko’s global footprint, routes to market and relevance to customers.
Berlin, Austin and London, 17 October 2018 –
Aggreko, global provider of mobile and modular power, today announces the full integration of energy storage pioneer Younicos. From today, Younicos will start trading as Aggreko.
Through this integration, Aggreko is significantly adding to its offer for customers – incorporating Younicos’ energy storage expertise, track record of 220 megawatts of installed battery projects and unique software. The Berlin-founded company was acquired by Aggreko in July 2017.
Younicos will sit within a new business unit, Aggreko Microgrid and Storage Solutions (AMSS), which aims to deliver energy-storage-as-a-service, as well as full microgrid “as-a-service”, built on Aggreko’s 9 GW fleet of distributed power generation assets.
Battery storage will be available in mobile and modular 1 MW building blocks both as stand-alone systems, and as a key building block of the Aggreko’s microgrid-as-a-service offer.
Through Aggreko’s proven global delivery and service capability, and Younicos’ unparalleled battery and energy management software, this new integration unit will have the ability to size and model hybrid energy systems to achieve the lowest cost of energy for customers all over the world.
Chris Weston, Chief Executive of Aggreko, said:
“The energy market in undergoing a significant transition. The integration of Younicos is one of the many ways Aggreko is changing to benefit from change all around us.
We can now bring cleaner, cheaper and more reliable energy to customers anywhere in the world - from remote off-grid operations and communities, to commercial and industrial energy users across a wider range of industries and sectors. As national grids increase their use of renewable energy and integrate storage, we can bring the solutions needed to support a wider energy mix. The market is changing, and we are proud to support our customers, however complex and unique their needs."
AMSS will be headed by Karim Wazni, who was previously both Managing Director of Younicos and Head of Aggreko’s solar-hybrid energy business. AMSS will be part of the Global Solutions business unit headed by Dan Ibbetson, Group Business Development and Strategy Director.
Karim Wazni, Managing Director of AMSS, said:
“We are very pleased that, just over a year since we acquired Younicos, the know-how, experience and – above all – people, have become an integral part of Team Aggreko. Together, we can make a real difference by providing reliable power that is both cleaner and more affordable, allowing our customers to respond to the current shift towards a decarbonised world.”
The full team in both Berlin and Austin (Texas) Younicos offices have been retained.