The European Patent Office approves Alelion's patent for grid stabilization
Another patent in Alelion’s patent portfolio relating to energy management, which, among other things, includes technology for distributed grid stabilization, has been approved by the European Patent Office.
The now approved European patent EP 30 00 162 relates to technology for managing the charge level of batteries for the purpose of grid balancing based on electricity prices and/or anticipated future electricity needs. This can include electric car batteries and batteries in home settings and industrial applications. The technology provides opportunities to optimize battery usage for grid balancing, with a view to increasing the revenue from the battery. A corresponding patent has already been approved in the United States by the US Patent Office.
“To get a further patent granted in Alelion’s energy management portfolio strengthens Alelion’s technology portfolio of grid stability solutions and opens new doors for collaborations and commercialization of the technology, which fully aligns with Alelion's goal to play a leading role in the transition to a more sustainable use of energy,” says Åsa Nordström, CEO of Alelion.
The increasing need for energy will, over time, accelerate investment in smart solutions for energy storage and energy management as a long-term and sustainable alternative. Alelion has a patent portfolio in the energy field that over the past year has turned out to be increasingly relevant. The patents cover Energy Management solutions. Through Alelion’s patented technology, the grid can be stabilized by distributed energy storage devices such as batteries. For example, the batteries of the electric cars at a long-stay car park can be put to productive use instead of sitting idle. The technology could be applied to national electricity systems as well as in micro grids, for example at airports or ports.
“The work continues with our existing patents where we are looking to strengthen our position across selected markets. This marks the first approval as a Unitary Patent, which is newly implemented in Europe. We are also focusing on patents within our core business that are linked to our current development of a completely new battery system,” says Henrik Svala, Alelion's CTO.
For further information, please contact:
Åsa Nordström, CEO, Alelion Energy Systems AB
+46 702 90 18 58
Henrik Svala, CTO, Alelion Energy Systems AB
+46 702 07 81 79
About Alelion Energy Systems AB (publ)
Alelion is a lithium-ion technology solution provider and developer and manufacturer of battery systems. Alelion makes clients succeed with their electrification of off-highway vehicles and transformation to more sustainable use of energy. Alelion is making investments to stay at the forefront and offers the latest proven technology, tailored to the specific needs of its customers and end users. Alelion is headquartered in Gothenburg, Sweden. Alelion’s share is traded on Nasdaq First North Growth Market (ALELIO).
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Alelion’s major owners are Fouriertransform, Blomqvist Listed Sustainability and Pegroco Holding. The company’s share (ALELIO) is traded on Nasdaq First North Growth Market, Stockholm, with G&W Fondkommission as Certified Adviser.
Alelion Energy Systems AB
Sörredsbacken 4, SE-418 78 Göteborg
info@alelion.com
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