aggreko to buy energy storage firm younicos for £40m - battery energy storage
Glasgow-
Aggreko-based Interim power suppliers have agreed to buy energy storage company Younicos in a £ 40 cash transaction.
Younicos focuses on smart energy systems based on battery storage.
Aggreko said the acquisition was in line with its strategy to invest in technology to reduce energy costs for its customers.
Headquartered in Germany and the United States, Younicos has installed more than 200 MW of storage systems.
Last year, the company earned £ 7 and lost £ 15 in operating.
Aggreko said the acquisition is expected to lose money.
Manufactured in a short time.
Chris Weston, Aggreko's chief executive, said: "As the energy market continues to be carbon dioxide, decentralized and digital, the integration of multiple sources of energy, including thermal energy and renewable energy, is essential to ensure reliable power supply.
"As a pioneer in smart energy solutions based on battery storage, Younicos is at the forefront of this trend.
"We are a powerful combination;
Our scale, fleet and global operations, combined with our smart energy capabilities, will enable us to open up new markets and provide reliable, cheaper and cleaner energy to our customers around the world.
"Last month, Aggreko expanded its business in Indonesia by acquiring the power leasing company KBT, a deal worth up to $32. 8m (£25. 7m).
KBT has signed about 200 MW of diesel and gas contracts with Indonesian utility PLN.
The deal will add 140 MW that Aggreko has signed with PLN.