Senec are the latest company in the clean energy space to be snapped up by a leading utility. The residential market in Germany is the hottest in Europe where an estimated 35,000 home batteries will be installed in 2018. With EnBW's customer base of over 5 Million, this certainly gives a great opportunity for Senec to establish themselves as a leader in home energy storage systems in Germany. Senec have also been successful in Italy but this investment should mean they can further expand their operations to more European countries and beyond.
The Hyperion team are looking forward to a busy three days at Energy Storage Europe in Dusseldorf next week, catching up with clients and contacts. I'm really looking forward to seeing the new technology advances and seeing who might be next for a big takeover.
Announcing the acquisition, Senec managing director,s Maximilian von Grundherr said that the move will allow the company to continue to roll out new business models for battery storage. “The strategies and cultures of our companies are a perfect match,” said von Grundherr, in a statement. “At the heart of our solution is an integrated system of energy management and battery storage developed by the company. With our partner EnBW at our side, Senec will continue to grow and open up additional business models in the home storage market. ”