Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Albacom merger to create 20 skilled jobs

Genista Energy managing director Graham Hall and Albacom chief executive Jim Davidson.
Genista Energy managing director Graham Hall and Albacom chief executive Jim Davidson.

Dundee engineering firm Albacom’s diversification strategy continues as it merges with battery storage specialist Genista Energy.

The six-figure deal is set to create 20 skilled jobs in the next two years and will see the engineering and design manufacturing firm expand into renewables optimisation technology for a range of industry sectors including renewable energy, agriculture, oil and gas and marine industries.

Kirriemuir-based Genista Energy designs custom configurable lithium-ion battery storage products 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.

Genista Energy will be the trading company in the new joint venture, with founder Graham Hall as managing director, while Albacom chief executive Jim Davidson will join the board of Genista as non-executive director.

Albacom, which grew from the 1990 buy-out of the Dundee division of Ferranti, specialises in electrical components for the global defence and aviation industry and will manufacture Genista systems for UK and international customers.

Albacom’s facilities include a 14,000sq ft purpose-built office and factory space in George Buckman Drive, where it currently delivers bespoke products and services including electronic design and manufacture.

Genista managing director Graham 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.”

Genista’s battery systems can provide power in remote locations where grid connections can be difficult

Albacom chief executive, Jim Davidson said the move will unlock the full potential of local renewable energy generation.

He said: “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.”

Already a subscriber? Sign in

[[title]]

[[text]]