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.