Rolls-Royce has become a “strategic investor” in Qinous, a Berlin-based renewables and energy storage start-up.
Marcus Wassenberg, CFO of Rolls-Royce Power Systems, said: “The aim is to set up a partnership with Qinous for the development of innovative energy storage solutions and together offer cleaner solutions designed to meet tomorrow’s needs.”
Rolls-Royce said Qinous, since its launch in 2013, had “gained considerable experience” in the integration of lithium-ion NCM/LMO battery storage and energy systems in microgrids in more than 30 projects worldwide. The company has already integrated MTU Onsite Energy systems from Rolls-Royce in such projects.
The investment made by Rolls-Royce is to be used to expand the existing product portfolio and strengthen global sales and marketing activities.
Qinous develops battery storage systems for solar and wind energy in an average power range of 30-2000 kilowatts. The company said annual revenue for 2018 is set to triple to almost €6 million revenue compared to the previous year.