Local generation

Albacom and Genista merger will boost battery power

Power plan: Graham Hall and Jim Davidson

Two Scottish firms have announced a merger to help advance local battery-powered generation in such places as retail parks and company garages.

Engineering firm Albacom’s six-figure tie-up with energy storage company Genista Energy is part of a joint strategy to advance the renewable power sector.

Genista Energy designs lithium-ion batteries which store energy when it is available from renewable sources and release it on demand for use across a wide range of commercial and industrial applications.

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Its systems can provide power in remote locations or areas of natural beauty where grid connections can be difficult or may disturb the natural environment.

Albacom, which grew from the 1990 MBO of the Dundee division of Ferranti, will manufacture Genista systems for UK and international customers.

Genista Energy will be the trading company with founder Graham Hall as managing director. Albacom chief executive Jim Davidson joins the board as non-executive director.

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