VoltStorage accelerates company development and strengthens leadership team
Energy storage specialist VoltStorage is preparing for continued accelerated growth by strengthening its leadership team. Dr. Ralf Stanovsky takes over the role as Head of Finance and Bernhard Mayr becomes Head of Engineering. As recently as the end of July 2022, the Munich-based company received 24 million euros in Series C financing from US company Cummins Inc.
VoltStorage develops and produces energy storage systems based on environmentally friendly redox flow technology and is one of the leading technology companies for stationary flow battery systems. With the development of the Iron Salt technology, the company is setting new standards in the field of Long Duration Energy Storage and offers wind and solar farms a particularly cost-effective and resource-saving option for ensuring base load capability through renewable energies.
Dr. Ralf Stanovsky is a cross-sector specialist for finance and controlling, strategic corporate planning as well as business development in an international environment. He has worked as an interim manager in various industries for several years. Before that, he worked as Head of Finance & Controlling for Sixt Leasing, Commercial Director of Deutsche Lufthansa AG at Terminal 2 of Munich Airport and consultant at Roland Berger Strategy Consultants, among others.
Bernhard Mayr is an expert in the fields of product development, production and mechatronics. He started his career as a product manager at KET Karosserie Entwicklung Thurner, became a team leader in vehicle construction at the Bertrandt Group and most recently worked as Head of Research & Development for NCTE AG.
“With Dr. Ralf Stanovsky and Bernhard Mayr, VoltStorage has been able to gain two excellent executives with extensive expertise. In their positions, both will be key drivers of VoltStorage’s vision and mission and will play a key role in continuing the company’s growth,” said Jakob Bitner, CEO and co-founder of VoltStorage.
VoltStorage GmbH is a technological pioneer for stationary flow batteries. VoltStorage develops and produces energy storage systems based on ecological redox flow technology. With its sustainable storage solutions, VoltStorage strives to achieve the vision of making 100% renewable energy available 24/7. VoltStorage has an international research and development team as well as the largest operating flow battery fleet worldwide, and thus extensive expertise and experience in the development and production of sustainable storage technologies. With redox flow technology, VoltStorage is establishing a mass-market alternative to lithium-based storage technologies that does not require rare materials or conflict raw materials, is fully recyclable, and also has high operational reliability and durability. For a fairer and cleaner world for generations to come. Learn more at: www.voltstorage.com/en
About Cummins Inc.
Cummins Inc., a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24 billion in 2021. Learn more at www.cummins.com