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.
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.
Mr Hall said: “With our technology and Albacom’s engineering design and manufacturing expertise, we will unlock the full potential of local renewable energy generation.
“The merger accelerates our aim to create value in a rapidly changing market and to enable our customers’ transition to smart and renewable energy systems that will benefit the environment and have benefits in the Green Circular Economy.
“We anticipate demand for our battery storage for electric vehicle charging where it will be possible to store energy generated during daylight hours from PV on car ports to charge fleet vehicles overnight, cutting costs and carbon.
“Retail parks are using similar technology to provide power for charging EV while their customers shop. In industry, battery systems can offset peak usage tariffs and prevent production losses by providing continuity of supply.”
Mr Davidson added: “Albacom is known for design and manufacture of low volume, high end products and we will apply the same high standards required by our defence sector clients to the manufacture of Genista energy storage systems.
“The merger with Genista strengthens and builds on our existing capabilities and together we are well-positioned for sustainable growth, providing engineering and storage solutions across land, air and water.”