Published on July 14th, 2015 | by James Ayre0
Younicos Doubling Workforce In US + Germany By 2017
July 14th, 2015 by James Ayre
Younicos will be doubling its workforce in the US and Germany by the year 2017, according to a recent press statement from the company. The reason for the hiring surge is an obvious one — there’s expected to be explosive growth in the energy storage market over the coming years.
As it stands, the company possesses a 4 gigawatt (GW) project pipeline, so “explosive growth” will of course mean that that number will be multiplied quite notably (presuming the expected course of development takes place).
The company currently employs roughly 150 people, so, by the year 2017, there should be roughly 300 people working for the company — both in Germany and in the US. The company is expecting to add roughly 50 new jobs this year.
Despite the wording I used at the beginning of the article, the increase in jobs won’t be split evenly between the US and Germany — roughly two-thirds of the new jobs will be created in Germany, while around one-third will be created in the US.
That said, the company is actually expecting to set up shop in Asia sometime in the near future, so some of the new jobs will presumably end up over there as well. It’s currently expected that Singapore will be the location of the new office, but that’s not set in stone quite yet, so there’s the possibility of a different location being the final choice.
Worth noting here is that, despite the expansion into Asia, the company is still expecting the US to remain the company’s region of focus for the time being — largely owing to supportive policies/regulations and flexibility in market adaption. This focus is expected to remain the case for at least the next 2–3 years, according to a company rep — as Europe is, according to the rep, “lagging behind.”
Younicos CEO James P McDougall commented: “As the energy storage market grows by orders of magnitude, and is projected to continue its ascent, so is our business.”
Especially recommended: Is This Company Set To Monopolize A Critical Energy Storage Sub-Sector?