AUSTIN, TX--(Marketwired - May 4, 2015) - Younicos, a global leader in intelligent grid-scale energy storage solutions, welcomes Tesla's announcement to enter the grid-scale energy storage market. As an established player with almost 100 megawatts of grid-scale storage installed, Younicos is pleased to see how a relatively new market has drawn innovative companies from other sectors.
"The market entry of the renowned electric vehicle brand brings a lot of attention to energy storage worldwide, which is great. It also shows that there is a great business case to be made. Battery storage offers enhanced reliability and efficiency for today's energy system -- and enables revenue-generating opportunities," says Stephen Prince, Chief Revenue Officer of Younicos.
Batteries are ideal for providing different ancillary services like frequency regulation, voltage support or ramping. They react in milliseconds and are extremely accurate -- but only if they are controlled by highly intelligent software.
Stephen Prince continues: "A lot of people believe they can simply take a bank of batteries and connect them to the grid. But battery cells are not brain cells. You need highly sophisticated software to guarantee that your storage system delivers what the grid needs, when it needs it. Younicos software can provide 22 different control modes for battery systems, with many functioning in parallel. At the same time, you have to take into account what continuous charging and discharging does to the battery cells, in order to maintain full functionality for as long as possible. At a time when concern for stranded assets is real, a new technology has to be as reliable as possible."
As a technology-open system integrator, Younicos researches the various battery chemistries very closely and performs tests and validation in its dedicated battery labs. Stephen Prince: "Competition stimulates the market. We're looking forward to seeing the quality and capabilities of battery chemistries rise, while prices drop. That will make battery storage even more attractive."
About Younicos
Younicos is a global leader for intelligent storage and grid solutions. Clients benefit from technical expertise, commercial know-how and in-depth experience built on nearly 100 megawatts installed in more than 20 energy storage projects worldwide. The company was founded in 2005 in Berlin, Germany and currently employs more than 120 storage enthusiasts there and in Kyle and Austin, Texas (USA). More information is available at www.younicos.com.
Contact Information:
Eugene Hunt
Phone: 978-687-2342