Axpo spins off battery innovation
A team from Axpo has developed emost, a battery-powered generator for construction sites. The technology is now being sold to a consortium of management and entrepreneurs. The newly founded emost AG is based in Dietikon.
A team from Axpo has been working on an environmentally friendly generator for four years in collaboration with regional construction companies. The result is a battery storage solution that can replace diesel generators at construction sites. The technology called emost (electric mobile storage) can also be used at events or in emergencies. It has already been awarded the IDEE SUISSE Innovation Prize in spring 2021.
Now Axpo has decided to sell the technology to a consortium of the project’s existing management and several Swiss entrepreneurs. This will ensure optimal management continuity and knowledge transfer, Axpo writes in a media release. All relevant rights and contracts have been transferred to the newly founded emost AG, headquartered in Dietikon, as of the end of October 2022.
The founding team reportedly consists of the entire management team that has developed the technology over the past several years. Benedikt Domke becomes CEO of emost AG. Christoph Sutter, who previously headed Axpo’s Renewables Division, will become Chairman of the Board of Directors. He intends to focus in particular on international expansion.