Younicos, a Berlin, Germany-based-independent energy storage provider, raised $50m in growth capital.
Backers included First Solar, Inc. (NASDAQ: FSLR), a global provider of solar energy solutions and Grupo ECOS, a sustainable investment-focused private equity firm. They joined an undisclosed strategic lead investor.
The company will use the funds to further scale its deployment of intelligent energy storage solutions.
Led by James P. McDougall, CEO, Younicos is a global leader for intelligent energy storage and grid solutions. Founded in 2005 in Berlin, Germany, the company currently employs more than 150 storage experts there and in Kyle and Austin, Texas (USA).