Monday, July 13, 2015

Younicos Ties With German Smart Energy Effort

Younicos, the German developer of energy storage technology which now has operations in Austin, said today that it has linked up with a new, 75-member consortium of companies to help transform Germany's northwestern coastal region into a showcase for smart energy. Younicos--which has its operations here in Austin thanks to the acquisition of Xtreme Power last year--said the consortium is investing 200 million Euros into the effort, if approved by the German government for a research grant. Younicos said the effort will help it demonstrate how large-scale energy storage is enabling an efficient and sustainable energy infrastructure.