Cryobattery startup appoints former Siemens chair to board

Business news |
By Nick Flaherty

UK cryobattery startup Highview Power has appointed an experienced senior European executive to its board of directors following backing from Sumitomo.

Dr. Gerhard Cromme is the former Chairman of the Supervisory Board at Siemens AG and ThyssenKrupp AG, with a focus on driving growth of technology and industrial brands. He currently serves as Chairman of the Supervisory Board of Auto1, Member of the Supervisory Board of ClearVAT AG, Chairman of the Advisory Board of Aroundtown SA,and Target Global.

“Having Dr. Cromme’s leadership experience is more important than ever as we work to expand and grow our cryogenic energy storage technology in markets around the world,” said Javier Cavada, President and CEO of Highview Power. “We are honoured to have an executive of his calibre join our team. His decision to come to Highview Power as such a well-respected advisor and advocate in energy and technology sectors speaks volumes about his belief in our technology and growth plans.”

Dr. Cromme started his career with the French group Compagnie de Saint-Gobain before moving on to the Krupp Group, where he held the position of Chairman of the Executive Board of the Group holding company. Following the merger with Thyssen, Dr. Cromme became Chairman of the Executive Board of the newly formed ThyssenKrupp where he led the company until 2001 and subsequently served as Chairman of its Supervisory Board until 2013. From 2007 to 2018, Mr. Cromme was Chairman of the Supervisory Board of Siemens AG.

He has worked with policymakers in both government and industry, serving as Chairman of the Government Commission for the German Corporate Governance Code and Chairman of European Round Table of Industrialists.

Highview Power’s Cryobattery technology uses air stored as a liquid, then converted back to gas to drive a turbine to generate power for the energy grid. It has seen major backing of $46m from Sumitomo to take the technology global after pilot projects in the UK and US.

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