MEDIA COVERAGE

YOUNICOS IN THE PRESS

WORLD’S FIRST 100% RENEWABLE ENERGY GRID BEING BUILT IN THE AZORES

May 1, 2016



  Clean Technica

Younicos has just announced that construction of the world’s first “100% renewable” grid is underway. The battery storage comes from Leclanché’s lithium-ion technology and manufacturing plant in Germany. According to Leclanché CEO Anil Srivastava, this will be the first time “a one megawatt-scale power system is being stabilized using batteries – without the need for thermal generators.”

 

100% Penetration Of The Grid

This “100% renewable” penetration of the grid will not occur 100% of the time. A third of the Azorean island of Graciosa’s existing fossil fuel generation will remain as backup power and to be employed during prolonged periods of unfavorable weather. Younicos’ software and controls will balance short-term power fluctuations, enabling wind and solar to provide 100% of Graciosa’s electricity most of the time. “Our technology allows us to use as many renewables as is economically optimal. This is not only drastically reducing CO<sub>2</sub> emissions, but also lowering energy costs, since we are replacing expensive imported diesel fuel through locally produced renewable energy,” said Younicos CEO Stephen L. Prince.

 

Sufficiently Impressed To Take A 50.1% stake

Danish financial investor Recharge A/S was sufficiently impressed to take a 50.1% stake in the 24 million Euro Younicos-engineered system and is exploring similar possibilities on neighboring islands. “The business model pioneered here makes the financing of the changeover to renewables an attractive investment that can be replicated wherever power is generated by expensive imported fuel,” said Scott Macaw, co-founder and Director of Recharge.

 

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PRESS CONTACT


Please feel free to contact our spokespersons in Europe and North America

Philip Hiersemenzel (Europe)
press@younicos.com
+49 (30) 818799010, mobile +49 174 9088188

Gene Hunt (North America)
pressrelations@younicos.com
+1 (978) 750 0333, mobile +1 (978) 376 3833

ABOUT YOUNICOS


Younicos is the pioneer and market leader in game-changing energy and grid solutions based on battery storage. We provide utilities, independent power producers, microgrids and C&I customers with turnkey storage systems, supporting a wide range of business opportunities – from frequency response to peak shaving and capacity to integrated photovoltaic (PV) plus storage solutions and grid-forming renewable energy systems. Our customers benefit from our unparalleled experience of 200 MW deployed storage, 10 years of R&D at our MW-scale Technology Centers, and 24/7 O&M services. Younicos is based in Berlin, Germany and Austin, Texas.