Photo voltaic producer Qcells has acquired a majority stake in German power expertise enterprise Lynqtech.
Qcells has taken a 66% stake within the agency for an undisclosed payment, with Qcells lauding the potential for synergies in dwelling power options together with photo voltaic PV, electrical automobiles and different good applied sciences.
Lynqtech, which relies in Hanover, was launched in 2020 as a subsidiary of municipal power firm Enercity and can deliver to Qcells experience in digital cloud platforms and power software program options, the businesses mentioned.
Lynqtech’s cloud platforms provide to optimise gross sales, buyer care and billing processes of power corporations. Qcells mentioned it could handle its power buying and selling enterprise by way of Lynqtech’s platforms sooner or later whereas additionally hyperlink the digital processes of its present customer-facing enterprise.
Susanna Zapreva, CEO at Enercity, mentioned the enterprise selected a associate “with roots exterior the traditional power setting” and with a world presence, the target being to “allow the type of dynamism in power business gross sales that has lengthy been a actuality in different sectors”.
“With LYNQTECH as our technical platform, we are able to prospectively open up additional markets in European international locations and worldwide. Given the rising significance of good power platforms worldwide, the qualitative and quantitative progress of our firm via this funding will likely be an necessary impetus for Qcells’ progress as a world clear power options firm,” Moon Cha, CEO at Hanwha Q CELLS mentioned.
Earlier this 12 months Qcells launched a complete rebrand to replicate its pivot from being solely a PV producer to a extra holistic clear power options supplier.