In addition, technology industry veteran King R. Lee has been named as an Independent Director. Drawing on their extensive experience and industry networks, Fagerlund and Lee will provide guidance and counsel to the Younicos senior management team, as the industry pioneer continues to scale its deployment of intelligent storage solutions and energy storage as a service offering.
Im excited about the opportunity to play an active role in shaping a successful energy transition – not only in Germany, but globally, Mats Fagerlund said. The intelligent storage solutions pioneered by Younicos are an important asset to any modern power grid and should be adopted quickly as a cost-effective solution by TSOs and DSOs globally. They will also play a crucial role in enabling ever-cheaper wind and solar power to supplant parts of base-load generation. As the global market for energy storage is set to explode, I look forward to supporting Younicos in rolling out its transformative solutions.
James P. McDougall, CEO of Younicos said: We welcome the addition of Mats Fagerlund and King Lee to our supervisory board. Their combined experience will provide Younicos with invaluable knowledge, insight, experience and industry contacts that are relevant and important to the next stage of growth for the company. We are looking forward to their many contributions.
King R. Lee and Mats Fagerlund join sitting board members Jörg Sievert, Thorsten Fricke and Cordula Ströher-Goldenbow.
