Berlin-based energy storage company Younicos raises $50 million from First Solar and others


Younicos, which specialises in intelligent storage and grid solutions based on battery technology, has raised a whopping $50 million in growth capital.

The company, which was founded in Berlin back in 2005, says the round was led by a 'strategic investor' that it chose not to name. Other investors include First Solar, the publicly listed American solar energy solutions provider, and PE firm Grupo ECOS.

According to GTM Research, the round marks the largest investment in a technology-independent energy storage provider in 2015.

To date, Younics has installed nearly 100 megawatts in more than 20 energy storage projects worldwide. The company employs more than 150 staff across its offices in Berlin and Austin, Texas.

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