Aggreko, headquartered in Glasgow, Scotland, has agreed to acquire the energy storage company for £40 million (US$51.74 million). Aggreko said it wanted to invest in technology that could reduce the cost of energy for its customers and saw Younicos as a perfect fit. Aggreko chief exec, Chris Weston, to whom Younicos CEO Stephen L Prince will directly report, also said it was part of the wave of modernisation of energy to lean more heavily on diverse energy resources and solutions.