Younicos doubling staff in response to renewables storage boom

German specialist Younicos plans to double its staff within the next two years amid a boom in renewable energy storage.

The Berlin-based company says its global workforce will increase to about 300 by 2017, based on exponential growth expected in its installed energy storage projects.

The company has about 120MW of projects under negotiation, which, when complete, will more than double the nearly 100MW of battery storage systems installed to date. It also says it has more than 4GW of "qualified pipeline" over the next four years.

"As the energy storage market grows by orders of magnitude, and is projected to continue its ascent, so is our business," said chief executive James McDougall.

"We're expanding primarily at our headquarters offices in the US and Europe, hiring up to 50 people this year and more than 100 new hires foreseen for 2016."

Younicos said last month it will retrofit Duke Energy Renewables' 36MW storage plant linked to the 153MW Notrees wind farm in Texas with lithium-ion batteries.

In its home market, the company opened a 5MW facility last year to provide grid stability to regional power supplier Wemag in the northern city of Schwerin, 80% of whose power generation comes from wind and solar.