Alevo Joins Delegation of CEOs for Discussion on Investing in the U.S. at The White House

January 13, 2015

Alevo today joined senior U.S Administration officials and a delegation of Swiss business leaders at the White House for a SelectUSA Investment Summit discussion aimed on Swiss investment in the U.S. The session, attended by U.S. Secretary of Commerce Penny Pritzker, U.S. Secretary of Labor Thomas Perez, and the Director of the National Economic Council, Jeffrey Zients, provided an opportunity for cabinet and senior White House officials to hear first-hand from global business leaders how the United States can maintain and expand its position as the top beneficiary of foreign direct investment worldwide.

Jean-Claude Beney, President, Alevo, contributed his thoughts on the United States-Switzerland economic relationship alongside chief executive officers and senior executives from Bühler, Kudelski Group, Nestlé, Novartis, Pilatus Aircraft, Reha Technology, and Zurich Insurance Group. The conversation focused on how to strengthen U.S and Swiss economic competitiveness by expanding investment opportunities for Swiss companies in the United States, and how to enhance bilateral cooperation on workforce development and apprenticeship programs.

Switzerland is the 6th largest source of foreign direct investment (FDI) into the United States, with a total of $140 billion invested in 2013. Swiss investors are the top international source of research and development (R&D) investment in the United States, spending nearly $9.4 billion in 2012. U.S. subsidiaries of Swiss firms employed more than 472,200 U.S. workers in 2012.

About Alevo

Alevo is a leading provider of energy storage systems designed to deliver grid-scale electricity on demand. Its innovative battery technology and GridBanks enable new source-agnostic architecture for electrical grids that reduce waste, greenhouse gases and other emissions, create efficiencies and lower costs for the world’s energy producers. Founded in 2009, Alevo Group is headquartered in Martigny, Switzerland. For more information, visit www.alevo.com.

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Media contact information found on www.alevo.com/contact/.


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