Alevo Appoints Vladislav Baumgertner As Chief Executive Officer

March 21, 2017

Alevo™, the Energy Storage Provider, has announced the appointment of Vladislav Baumgertner as its new Chief Executive Officer. Baumgertner has more than 20 years of experience leading the global market positioning and capitalization of large-scale, commercial operations in multiple industries. Alevo Director Per Dybwad, who has held the CEO position on an interim basis while the recruitment of Baumgertner took place, will now revert to his seat on the Board.

“Vladislav is one of the most prominent and well-respected CEOs in the field and has successfully led complex and internationally renowned organizations,” said Jostein Eikeland, Alevo’s Chairman. “We are proud to have him spearhead Alevo’s continued growth as a leading energy storage provider in the industry. I would also like to thank Per for his leadership during the critical transition period.”

Baumgertner most recently served as CEO of Global Ports, a joint venture between AP Moeller Maersk and NTrans. Prior to working with Global Ports, he was CEO of Uralkali, a multibillion dollar potash fertilizer producer, where he directed the company’s global positioning and investment strategies. Most notably, Baumgertner led Uralkali’s multibillion potash merger and their initial public offering on the London Stock Exchange.

Baumgertner’s education credentials are extensive. He earned a master’s degree in electrical engineering from Ural State Technical University in Russia, an MBA from Kingston Business School in London and a master’s degree in financial management from the University of London. He has also received multiple awards for his work, including the High-Potential Management Personnel Reserve Award in 2008, an honor determined by the president of Russia.

“As the need for global energy storage providers grows worldwide, Alevo is poised to be a dominant force in the industry with its advanced battery technology GridBank™ coupled with its analytics capabilities,” said Baumgertner. “I am honored to join Alevo and look forward to working with the Board of Directors and management team to continue building on the strong foundation that is already in place.”

 

About Alevo

Alevo, a leading provider of energy storage is redefining energy as a developer, manufacturer and provider of grid-scale energy storage solutions featuring GridBank™ & Alevo Analytics. GridBank Lithium-Ion batteries feature a proprietary inorganic electrolyte (Alevolyte™), which is non-flammable and offers extreme long life and stability. Alevo’s vertically engineered turnkey energy storage solution can be placed anywhere on the electricity supply chain, to reduce energy waste, lower greenhouse gases and other emissions, create efficiencies and lower costs. Founded in 2009, Alevo is headquartered in Switzerland with GridBank manufacturing in the US.

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About Alevo Analytics

Alevo Analytics provides advanced analytics and simulation capabilities, business intelligence and advisory services with a primary focus on the power and energy sectors as well as real time software solutions for SCADA, EMS and Analytics IQ databases. Alevo Analytics collaborates with customers to provide unique insights regarding where the deployment of distributed energy resources will yield the greatest benefits while demonstrating the efficiencies which can be realized across the electricity supply chain.


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