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.”
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
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)