Alevo SA Strengthens Management Team with New CEO To Support Founder & Executive Chairman Jostein Eikeland

May 17, 2016

Per Dybwad Appointed to Run Innovative Energy Services Provider in Scale-Up to Manufacturing Production

PerDybwadAlevo SA, the holding company of the energy storage and services leader, today announced that it has appointed Per Dybwad as CEO to serve alongside founder and Executive Chairman Jostein Eikeland. The move splits the role of Chairman and CEO, previously held by Eikeland, and ensures focus on both long-term strategic development and production delivery.

Per Dybwad was previously elected to the Alevo Board of Directors in March 2016 and will continue to serve in this position alongside his new role of CEO. Dybwad joins from Dentware Scandinavia AB where he held the roles of CEO and Director of the publicly traded 3D printing company, and has extensive experience in energy technology market including senior roles at Maxwell Technologies SA. The appointment strengthens the management team at Alevo and provides specialist knowledge and experience as the company nears production manufacturing.

In his role as Executive Chairman, Jostein Eikeland will continue to provide board level oversight for the company and focus on Alevo’s long-term strategic goals. Dybwad will lead the executive team, initially focusing on achieving the company’s manufacturing and commercial development and global deployment. The move has received unanimous approval from the company’s full board of directors.

Dybwad brings over 30 years’ international management experience to Alevo and his expertise includes energy distribution and storage, medtech and pharma, environmental technology, materials science, financial services and consumer goods. As senior director of business development at Maxwell Tech. SA, Dybwad led the Swiss company’s high voltage operations, including expansion to China. As CEO and Director of Dentware Scandinavia, Dybwad continued his long association with medtech and specialty metals. Dybwad is a former Lieutenant in the Royal Norwegian Navy and he holds an MBA with Honors, from IMD – the International Institute for Management Development.

“Energy storage has a massive potential both as a business opportunity and also the benefits it delivers to the world,” explains Jostein Eikeland, Executive Chairman and Founder of Alevo SA. “Alevo has the right IP, the right infrastructure and the right manufacturing approach to lead this market globally. But the ramp up to production calls for the oversight of a dedicated CEO and Per Dybwad has the credentials, knowledge and experience to deliver this.”

 

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


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