October 5, 2017
Alevo®, the Energy Storage Provider, has today announced the appointment of Peter Heintzelman as Interim Group Chief Executive Officer (CEO), replacing the recently departed Vlad Baumgertner. Heintzelman will also maintain his Alevo Group CFO role.
Peter joined Alevo in January as the Group Chief Financial Officer, and during his tenure, has been instrumental in leading the organization from a financial and operational perspective amidst some particularly challenging and uncertain times. As such, this appointment will enable the organization to benefit from his leadership during its post Chapter 11 filing in the US and its continued efforts in Switzerland and Germany.
Prior to Alevo, Peter’s experience includes more than 25 years of global leadership experience in the sectors of energy and energy-related investment banking. His background is comprised of senior international leadership roles at companies including T5 Oil & Gas, Standard Bank, Halliburton, Enron and Constellation Power Source. Peter holds an MBA in International Finance, with honors, from Thunderbird — the American Graduate School of International Management, and a Bachelor of Arts in Economics from the University of Texas in Austin.
The Alevo Board of Directors is pleased to have Peter leading the Group and look forward to further benefitting from his direction, skills, and dedication.
250-kilowatts of Alevo Battery Technology will become part of the Duke Energy Microgrid Research Center in Mount Holly, North Carolina. Duke Energy established a testing center at their Mount Holly Training facility a few years ago to explore new microgrid technologies and take an in-depth look at how new microgrid technology can enhance the grid. […]
In late 2014, a virtually unknown company called Alevo announced it was entering the energy storage market with a new inorganic, sulfur-based lithium ion battery technology that it had acquired from the bankrupt German company fortu PowerCell. Alevo entered the U.S. with a big splash, investing over $68 million in the 3.5 million-square-foot former Philip Morris […]
Alevo has officially recommenced selling frequency regulation services in Hagerstown, Maryland with ESS Snook. Project Snook is currently operating at 500kW and will begin incremental testing for PJM certification up to 2MW, 1 MWH. Upon completion, Snook will provide frequency regulation services at nameplate capacity. Unfortunately, despite Snook’s success, Alevo has had a challenging 2017 […]