First Solar Backs Younicos In $50M Round For Utility Scale Energy Storage

Tempe, Arizona-based First Solar has made a big investment today, in Younicos, a developer of battery-based, utility scale energy storage systems. Younicos said that it raised $50M in funding from First Solar, Grupo ECOS, and an un-named, strategic lead investor. Younicos has offices in Berlin, Germany, as well as Austin and Kyle, Texas. The company's products are based on a massive bank of lithium ion batteries, which it calls "battery parks".