Younicos acquires Xtreme Power Assets

17.04.2014

Younicos Inc., a wholly-owned subsidiary of German Younicos AG, completed the strategic acquisition of the bankrupt US company Xtreme Power. Younicos acquired all relevant assets and will also retain employees of Xtreme Power.

By acquiring the other big player in the energy storage business, Younicos becomes the world leader for multiple battery technologies, inverters and smart power control systems. Besides the Xtreme Power assets Younicos will also retain members of the company’s former management, engineering, business development and operations team.

Energy storage expert Younicos is currently building Europe’s first stand-alone commercial Battery Park in Schwerin, Germany. Additionally they are providing the software for Europe’s biggest commercial energy storage trial in Leighton Buzzard, UK. Xtreme Power was one of the few companies that had implemented multi-megawatt installations, such as the largest US wind energy storage system at the Notrees wind power project in west Texas. The former Xtreme Power team will join Younicos with their experience in designing, implementing and servicing over 78 MW of energy storage installations.

James P. McDougall, CEO of Younicos commented on the acquisition: “This is a historic and strategic moment for Younicos. We’re onboarding a great and talented team, acquiring important assets, know-how and customer relationships that are complementary to our current product and services offering. Younicos AG is the industry leader in Europe. The Xtreme Power asset acquisition and joining of forces establishes Younicos firmly in North America, one of the highest potential growth markets for large scale energy storage applications. We look forward to integrating the two teams under the Younicos flag and in doing so becoming the world leader in large scale energy storage solutions.” 

Tanja Peschel

Similar Entries

Webinar "Operation of Wind Power Plants in Cold Climate 2021" (pict. VGB)

For the first time the results of the VGB Research Project “Comparison of blade-based ice detection systems” will be presented at the webinar
"Operation of Wind Power Plants in Cold Climate".

Excelsior Energy Capital (“Excelsior”), a renewable energy infrastructure fund focused on long-term investments in wind and solar power plants in North America, and Unico Solar Investors (“Unico Solar”), a wholly owned subsidiary of Unico Investment Group LLC that develops, owns and operates commercial and community solar installations, announced the completion of a 300-kilowatt solar energy system at Central Station, a new four-story, 125,000-square-foot office building. Developed by SteelWave and owned by Principal Real Estate Investors, the building is located at 285 Sobrante Way in Sunnyvale, California.

Integrated-Solar-Bickleigh (pict. ViridianSolar)

Viridian Solar announces today that leading UK roofing systems manufacturer, Marley has acquired 100% of the share capital of its business. The move provides the foundation for further growth for the roof-integrated solar specialist as it prepares for rapid growth driven by changes to building regulations and its expansion into international markets.

Episode 1: ‘Understanding Hydropower’ (pict. SSE plc.)

SSE Renewables has released two video tours designed to give an insight into the world of hydropower, at a time when access to their operational estate is restricted by ongoing coronavirus precautions.