Luxury car brand Rolls-Royce has upped its interest in German lithium-ion energy storage firm Quinous as it eyes 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.
Rolls-Royce acquired a 19.9% stake in the on and off-grid energy storage systems start-up in October 2018.
Rolls-Royce Power Systems Division will now pool all the division’s microgrid activities— from storage to complete microgrids— at the new subsidiary.
Andreas Schell, CEO of Rolls-Royce Power Systems Division, said: “The joint development work on a range of storage solutions in recent months has shown that the two companies are an excellent fit and we can achieve new market potential by integrating more closely.
“We see great market potential for sustainable power supplies, especially for distributed, environmentally-friendly MTU microgrid solutions.”
Qinous makes modular, scalable, prefabricated plug-and-play battery products that combine renewable energy sources, power generators and battery storage technology.
The modular component system of the coordinated Qinous/MTU product range will in future allow the configuration of solutions from 30 kW/30kWh to several megawatts.
Image: Andreas Schell (right), CEO of Rolls-Royce Power Systems Division, and Steffen Heinrich co-founder and co-managing director of Qinous
