Younicos to add 150 jobs in Germany, US

Share

The Germany-headquartered company has said it will increase its workforce to 300 people in Germany and the U.S. by 2017. This year, 50 new jobs are expected to be created.

A spokesman for the company told pv magazine around a third of the jobs will be created in the U.S., with Germany seeing roughly two thirds. However, Younicos is aiming to open up an office in Asia, most likely in Singapore, meaning some of the 150 new positions will be filled there. He could not say when it will enter the Asian market.

The company is undergoing significant expansion on the back of expected "exponential" growth in the energy storage sector. Currently, it has 120 MW of projects under negotiation, and a pipeline totaling 4 GW. The spokesman could not divulge specific details, but did say they are spread globally across all markets.

The U.S. is currently a very dynamic market, he further explained, due to its progressive regulatory frameworks and ability to quickly adapt market rules to current situations. Younicos expects it to stay a main focus for the short term, of around two to three years. Europe, in comparison, is "lagging behind" in this respect, he said. Overall, however, the company is seeing demand for its energy storage systems from across the globe.

"As the energy storage market grows by orders of magnitude, and is projected to continue its ascent, so is our business," commented James P. McDougall, Younicos CEO in a statement released.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.