Aggreko acquires Younicos for green energy future

AggercoThe acquisition aims at reducing the cost of energy the customers and providing a more reliable green power to the global market. (Image source: minoru karamatsu/Flickr)Scottish temporary power firm Aggreko announced the takeover of German-US based Younicos, a move that is aimed at reducing the energy cost to Aggerko’s customers and bringing about a reliable and green power to the international market

Aggerko said that the acquisition is a part of the company’s strategy to invest in technology and reduce costs for customers, by strengthening its position in the global energy markets.

Younicos is a global provider of batteries, energy storage systems and integrated battery technologies and develops control software to manage renewable, thermal and battery power networks.

Aggerko said that Younicos’s capabilities complement the goal of Aggerko, particularly its role on solar and renewable energy sector.

Chris Weston, chief executive at Aggreko, remarked, “As energy markets continue to decarbonise, decentralise and become more digital, the integration and control of multiple energy sources, including thermal and renewable, will be essential to ensure the provision of reliable power.”

Through the takeover, Aggerko is looking forward to opening up new market opportunities and provide customers around the world with a reliable, cheaper and cleaner source of energy.

Aggreko generates power mainly using diesel and gas-fuelled mobile generators. The company expects that Younicos’ software and storage projects will help to make renewable energy more viable than before.

Stephen Prince, chief executive at Younicos, said, the acquisition focuses on providing a better integration and management of multiple distributed energy sources, which can optimise energy systems and deliver customers with greater stability at a lower cost and less environmental impact.

With around 7300 employees and 9500MW on hire, Younicos has an extensive network of depots, service centres and offices in more than 100 locations around the world.

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