Alevo Appoints Peter Heintzelman as Chief Financial Officer

Heintzelman joins from T5 Oil & Gas, a privately-funded E&P (exploration and production) firm, where his responsibilities as CFO included leading corporate and organic upstream transactions across Africa and the Middle East and maintaining a strong following in the financial markets. He brings over 25 years’ experience in the energy and energy investment banking sectors globally, with a background that includes Head of Energy roles with Standard Bank, and senior management positions at Halliburton and Enron.

“The battery storage market is poised to expand rapidly in 2017 and I am keen to be part of that process,” explained Heintzelman. “Alevo’s GridBank advanced battery technology and the high performance computing and analytics capabilities provided by Alevo Analytics are key differentiators for the company. It is clearly a successful and expanding business and I look forward to the challenges and opportunities that lie ahead.”

In addition to bringing a wealth of international management experience in regions such as Africa, Asia, MENA and OECD, as CFO Heintzelman will provide comprehensive financial leadership skills including strategy, systems and corporate governance, risk identification and management, and capital raising. He replaces Larus Arnason who returns to his native Iceland.

“We are proud to add Peter to an already strong leadership team at Alevo. He is well regarded in the financial sector, with great expertise in financial management and successfully growing businesses,” said Per Dybwad, CEO at Alevo. “His appointment enables us to accelerate the growth of Alevo as a global energy storage provider.”

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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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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