Panasonic mulls over energy storage market entry - report
Japanese electronics maker Panasonic Corp (TYO:6752) may be considering investing in the energy storage specialist Younicos, trade publication pv magazine reported today.
The German Cartel Office is currently proofing the legalities of Panasonic's possible collaboration with Younicos, pv magazine found out.
A Younicos spokesperson confirmed for the media that the company is currently at an advanced stage of negotiations with strategic investors and the investment round will be closed in the autumn but gave no names.
Set up in 2005 in Germany, Younicos has so far installed about 100 MW of battery storage systems. The company says it currently has more than 120 MW of projects under negotiation and over 4 GW of qualified order pipeline over the next four years. It expects to employ some 300 storage experts worldwide by 2017, doubling its current headcount, as it is to deploy new projects in the US, Europe and Asia.