The grid-scale battery producer, which had raised $200m from investors including Areva and GE as of January, secured another $50m in a First Solar-backed round.
US-based energy storage technology provider Younicos agreed a $50m growth equity investment by solar power producer First Solar, private equity firm Grupo Ecos and an unnamed strategic lead investor yesterday.
Founded in Germany in 2005, Younicos produces grid-scale batteries that are used to store energy generated by solar plants and wind farms. It has installed more than 100 MW of battery storage across more than 20 installations around the world.
The funding, the largest round disclosed by an energy storage…
