Intelligent grid and energy storage solutions company Younicos AG has appointed a new executive team of former managers at companies including General Electric Co. and Areva SA to conitune to build its reputation in the energy-storage technology sector.
The German firm has also created three new business divisions to help build and market its products, which rely on software and the company’s technology to store electricity.
The appointments come as the company looks to sell units with a capacity of 2GW in the next five years, said Chief Executive Officer James McDougall, in an interview with Bloomberg.
The new executives are: Philippe Poux, the new chief finance officer, Stephen Lee Prince, to oversee sales and marketing, Michael Mahan, named chief development officer, Robert Manasse, as the new chief consulting officer and Wade Guindy as chief operating officer.
The company has developed software that links batteries made by producers such as Samsung SDI Co. with clean-energy plants, enabling the units to feed power to electric grids at predictable rates.
Younicos currently employs about 115 people and expects to add as many as 80 more over the next two years, McDougall said.
Younicos helped start up Europe‘s biggest battery storage project in the Leighton Buzzard U.K. and seeks to sell its software via power purchase agreements to buyers including utilities and islands from the Caribbean to the Mediterranean.