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Younicos Ties With German Smart Energy Effort

Younicos, the German developer of energy storage technology which now has operations in Austin, said today that it has linked up with a new, 75-member consortium of companies to help transform Germany's northwestern coastal region into a showcase for smart energy. Younicos--which has its operations here in Austin thanks to the acquisition of Xtreme Power last year--said the consortium is investing 200 million Euros into the effort, if approved by the German government for a research grant. Younicos said the effort will help it demonstrate how large-scale energy storage is enabling an efficient and sustainable energy infrastructure.