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Rolls-Royce eyes the microgrid market with majority share in ESS firm

Thu, 01/16/2020 - 14:43 -- Paul Crompton

Luxury car brand Rolls-Royce has upped its interest in German lithium-ion energy storage firm Quinous as turns its focus on the microgrid market.

The firm, which owns German industrial concern Rolls-Royce Power Systems, now holds a 73.1% majority stake in the Berlin-based storage specialist, the companies announced on 15 January.

Image: Andreas Schell (right), CEO of Rolls-Royce Power Systems Division, and Steffen Heinrich co-founder and co-managing director of Qinous

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