Alelion qualifies for 1.8 M€ in support towards developing systems for intelligent energy management

2018-12-12 - Alelion Energy Systems AB

In competition with a large number of energy companies in Europe, Alelion Energy Systems has qualified for funding of in total 1.8 M€ from InnoEnergy, the European innovation engine for sustainable energy. Alelion will receive the funding for the continued development of Alelion’s proprietary system for smart energy management, Alelion Intelligent Energy System, AIES. InnoEnergy believes AIES can be of major significance for building a more sustainable European energy system with lower emissions of carbon dioxide.

AIES is an energy management system developed by Alelion and based in part on patented technology. AIES contributes towards more cost effective and environmentally sustainable use of energy. AIES allows Alelion’s customers to charge their batteries when energy prices are low and the energy has the lowest environmental impact, and it also allows customers to avoid investing in their own infrastructure for charging.

“This is a huge success for us,” says Daniel Troedsson, CEO, Alelion Energy Systems. “We have succeeded in qualifying for this funding in competition with the best energy projects in Europe and to us this is a very clear confirmation of how AIES can benefit our customers and the environment.”

The funding is based on the condition that Alelion passes the gate review. 

Lower environmental impact

Through AIES the vehicle fleets belonging to Alelion’s customers are linked together in a larger network and thereby contribute to what is known as load balancing and peak-shaving. When energy consumption is low, the price of energy drops in most countries and the AIES system ensures that the vehicles are then charged. When consumption increases again, and the price rises, the system can sell, or avoid charging, the energy that the vehicle owners do not require. As effect peaks in the electricity network are often managed through increased energy production in power plants run on fossil fuels, these peaks lead to increased emissions of climate impacting carbon dioxide.

New business opportunities

“Our customers can both lower their costs and make a contribution towards lower carbon dioxide emissions,” says Daniel Troedsson. “AIES thereby opens up for completely new business models both for us and for our customers, models that are going to be of great importance in a world with a rapid rise in the numbers of solar and wind power plants and what are known as micro-generation plants. The combination of our lithium-ion batteries and AIES is going to play a crucial role in building a more effective and sustainable energy system but also in bringing both us and our customers opportunities to create new revenue streams.”

Perfect timing

InnoEnergy, the European innovation engine for sustainable energy, supports and invests in innovation at every point in the energy value chain, from managing resources efficiently to minimising overall energy consumption. Via its Investment Round, InnoEnergy provides funding to proven technology concepts that will transform the future of energy in Europe. In addition, the company offers successful applicants a trusted, collaborative innovation platform and access to an ecosystem of more than 380 industry partners from across the mix of sustainable energy solutions.

Kenneth Johansson, CEO of InnoEnergy Scandinavia says: “It is our mission to accelerate the clean energy transition in Europe. So we are identifying, investing in and partnering with the very best innovators in the sector to help them scale-up, reduce their time to market and ultimately commercialise their technology. This is the perfect timing for AIES innovation and we welcome Alelion's application to our Investment Round."

For more information please contact

Daniel Troedsson

CEO

Alelion Energy Systems AB

+46 (0)707-51 67 10

Alelion Energy Systems AB is a leading manufacturer of industrial energy storage systems based on lithium-ion technology. A lithium-ion battery is more energy efficient, lighter, lasts longer and also contributes to considerably less environmental impact.

In step with the growth of climate threat and the urgent need to convert to more sustainable energy systems and more sustainable use of energy, an increasing number of sectors have begun to explore the possibilities offered by lithium-ion technology and this is opening up new markets and segments for Alelion. Through the development of smart software based control systems new business opportunities have evolved linked to lithium-ion technology in the energy management area, an area where Alelion offers solutions.

Alelion has made the decision to build Sweden’s first plant for large-scale manufacture of lithium-ion batteries for industrial vehicles. The plant will be located in the centre of the vehicle cluster in Hisingen, Gothenburg and is expected to be ready during the first part of 2019. Read more about this at www.alelion.com

Alelion’s major owners are Pegroco Invest and Fouriertransform. The company’s shares (ALELIO) are traded on Nasdaq First North Stockholm with G&W Fondkommision as Certified Adviser, telephone: +46 (0)8-503 000 50.

Alelion 1.8 MEUR Alelion_InnoEnergy 20181212 eng (pdf)

News

News

2019-12-19 Åsa Nordström appointed as new CEO of Alelion Energy Systems AB

Åsa Nordström has been appointed as new CEO of Alelion Energy Systems AB.
She previously held the position of Sales and Marketing Manager for Alelion and has been serving as Acting CEO for the company since August. “Åsa has done an outstanding job as Acting CEO and established her position both internally and externally as an excellent manager and leader for the company. Her valuable input along with her solid understanding of the business and the products make a combination that is exactly what the company needs at this point in time,” says Jan Forsberg, chairman of Alelion’s board of directors.

News

2019-12-10 Alelion Energy Systems high voltage batteries meet certification requirements for road vehicles opening up for new opportunities in the special vehicle segment.

Tests show the batteries meet all the requirements for batteries and battery systems to be used in road vehicles. Alelion will now take a place among the limited number of manufacturers whose high voltage systems are approved for this market segment bringing new opportunities for sales to this vehicle category.

News

2019-08-28 Daniel Troedsson slutar som vd för Alelion Energy Systems

Styrelsen för Alelion Energy Systems AB har beslutat att söka en ersättare för Daniel Troedsson som vd för Alelion Energy Systems AB. Daniel Troedsson lämnar bolaget med omedelbar verkan och i avvaktan på att hans efterträdare utses träder Åsa Nordström, marknadschef för bolaget, in som tillförordnad vd.

News

2019-07-15 Alelion signs its first agreement for the aftermarket in Asia

Alelion Energy Systems AB (publ) has entered into an agreement with MHE Energy in Thailand for deliveries of lithium-ion batteries and service to the forklift aftermarket in Thailand and Vietnam. This is Alelion’s first agreement in the aftermarket for forklift batteries in Asia.

News

2019-06-30 Alelion Energy Systems has entered into an agreement for deliveries of lithium-ion batteries and services to the aftermarket for forklift batteries in the Middle East.

Alelion Energy Systems AB (publ) has entered into an agreement with GamaAku in Turkey for delivery of lithium-ion batteries and service to the aftermarket for forklift batteries in the Middle East. When signing, Alelion received a first order for lithium-ion batteries worth 40,000 Euro.

News

2019-02-22 Year-end report Jan-Dec 2018

In the course of the fourth quarter our net turnover and order bookings continued to increase compared with the same quarter in the previous year (+31.6 and +11.3 per cent respectively) while profit on both group and parent company levels showed weak growth above all due to increased competition and increased cost inflation. The greater and greater need to adapt to a more sustainable use of energy makes the market for Alelion’s products in lithium-ion technology and systems for smart energy management one of the absolutely most promising and interesting.

News

2019-02-18 Alelion takes a loan of 50 MSEK from majority shareholders

Alelion Energy Systems AB (“Alelion” or “the Company”) has received short term shareholder loans of 50 MSEK (“Bridge Loans”) from majority shareholders Fouriertransform AB, Pegroco AB and Sammaj AB (“the Majority Shareholders”}. Today Alelion’s board also publish summons to an extraordinary general meeting on 2 April 2019. It is proposed that the general meeting decide to authorize the board amongst other things to make an equity issuance of shares for at most 135 MSEK (“the Equity Issuance”).

News

2018-09-03 Ministerial visit to Alelion's new factory powers up a shared green vision

Energy Minister Ibrahim Baylan discussed electric mobility, innovation and green energy with the West Swedish Chamber of Commerce and Alelion, while touring their brand new Lithium-Ion battery factory - at the heart of Sweden's largest green energy mobility initiative.

News

2017-03-02 Alelion is looking for new employees

Alelion is growing and is hiring to extend the team.

News

2016-12-13 New recruitments

Alelion reinforces with five new recruitments

News

2016-09-09 Cooperation between Alelion and Crown on Lithium-Ion forklift batteries

At the IMHX exhibition, starting September 13th in Birmingham, a selected range of Alelion’s energy storage products, such as the 48-Volt Lithium-Ion forklift batteries, will be visible at the Crown stand 10J61.

News

2016-09-08 Alelion continues expansion

We are pleased to welcome to our team Åsa Nordström and Magnus Spjelkavik.

News

2016-09-06 Alelion gets its first order outside of Europe. A distribution centre in Australia chooses lithium-ion batteries for their forklifts.

The total order value for the project runs up to SEK 12 million and Alelion has received its first partial order of SEK 4.45 million. A newly built central warehouse has chosen to equip its complete fleet of forklifts with lithium-ion-batteries from Alelion.

News

2016-09-05 Alelion undergoes ISO-audit without any remark

In September a current audit concerning ISO-9001 and ISO-14001 was performed without any remark

News

2016-06-21 Trading begins in Alelion on Nasdaq First North today June 21

Alelion Energy Systems AB (publ), a leading supplier of environmentally friendly lithium-ion energy storage systems for industrial trucks, implements listing of shares and warrants on the Nasdaq First North after passing the listing application. The first trading of the shares will be today 21 June 2016 and for TO1 on 30 June.

News

2016-04-11 Alelion Batteries AB is looking for a Sales Engineer

We are looking for sales engineers that likes and feels at home in an international environment.