Not entirely unexpected that a company with the experience and reputation of Younicos should be acquired. Once again traditional power companies are buying their way into the new decarbonised, decentralised energy sector.
We've seen many utilities and even auto OEMs take stakes in decentralized energy specialists. Not least the recent acquisitions and disposals of ENGIE, show them leading the way. This deal perhaps a little more prosaic than transformative. Clearly Aggreko will have a huge client base where integration with energy storage and renewables makes huge economic, environmental and political sense. At least this way Aggreko get to keep those customers that are planning to move towards a hybrid solution. The move makes total sense for Aggreko, let's see how this effects Younicos strategy for C&I and Utility markets.
FTSE 250 temporary power provider Aggreko has agreed to buy energy storage company Younicos for £40m. Younicos delivers smart energy solutions integrating battery storage, which are modular and scalable. Its knowledge of batteries combined with proprietary control systems, enables the seamless integration and management of all forms of power, including thermal, renewable and battery energy resources. Aggreko said the deal strengthens its position as global energy markets continue to evolve and is in line with its strategy to invest in technology to reduce the cost of energy for its customers. It said the Younicos integration and control systems, combined with batteries, can be deployed across its existing business to lower the cost of energy, ensure reliability and reduce carbon emissions for its customers around the world.