It secured first place in its size category in this leading innovation contest for German small and medium-sized enterprises
Tesvolt chief executives and founders Daniel Hannemann (left) and Simon Schandert with the TOP 100 trophy. (Image source: Tesvolt)
“Germany lives on innovation. From a global perspective, Germany is a highly innovative country. But we must work to ensure that this remains the case and that we constantly reinvent ourselves. The key to these efforts are SMEs, which are the driver of our economy – and therefore the foundation of our prosperity,” says Ranga Yogeshwar, TOP 100 mentor. “Tesvolt has leapt into the ranks of the top innovators for 2020 – and did so with its first entry in the competition.”
Scientific selection procedure
TOP 100 honours businesses for their successful innovation, examining every stage of the innovation process as well as the climate of innovation and the extent to which management promote innovation. In total, the jury considers 120 parameters when selecting the winners. The panel is made up of experts from business, academia, the media and politics – including consultant Roland Berger and politician Gregor Gysi, for example – and selects an “Innovator of the Year” in each of the three size categories. The competition is led by Nikolaus Franke from the Vienna University of Economics and Business, one of the world’s leading innovation researchers.
Impressive company growth
In explaining its verdict, the jury said: “The founders of Tesvolt were quick to recognise the demand for powerful energy storage systems in commercial and agricultural applications, and they developed the first prototypes literally in their garage. Tesvolt has now moved to series production at Europe’s first gigafactory for commercial storage systems. Over 1,000 customers worldwide are now using the patented energy storage systems – impressive company growth within a few short years.”„Die Tesvolt Gründer haben den Bedarf für leistungsfähige Energiespeicher im Gewerbe und in der Landwirtschaft früh erkannt und die ersten Prototypen buchstäblich in der Garage entwickelt. Inzwischen produziert Tesvolt in Serie in Europas erster Gigafactory für Gewerbespeicher. Über 1.000 Kunden weltweit nutzen die patentierten Energiespeichersysteme bereits – eine beeindruckende Unternehmensentwicklung innerhalb weniger Jahre“, begründet die Jury ihre Entscheidung.
The jury was also impressed by the intelligent battery management system developed by Tesvolt’s engineers, which delivers exceptionally high efficiency of over 92% and a long expected lifetime of 30 years. “With this Tesvolt has achieved a technological USP in the marketplace,” the jury’s statement continued.
A climate of innovation at the company
Two years ago, Tesvolt opted for an agile organisational form. Since then, the company has dispensed with a bottleneck of managerial staff so that all decisions are now taken as a team. This allows each individual to maximise their contribution and unleash their potential without restrictions. The jury takes the view that “this unusual organisational form allows for a high degree of innovation.”
“We’re incredibly proud to have won this demanding competition! Our agile organisation means that all of our staff ultimately contributed to this victory. The success of Tesvolt is based on the commitment of every single individual, and I would like to thank the entire team for their efforts,” explains Daniel Hannemann, CEO and co-founder of Tesvolt. “But it is not simply a desire to innovate that motivates us. Rather, we’re driven by the vision of bringing affordable, clean energy to every corner of the world with the help of efficient storage technologies – and innovation is the foundation for doing so.”
TESVOLT specializes in commercial battery storage systems. The innovative company from Lutherstadt Wittenberg produces storage systems with the most modern battery cells: prismatic lithium cells from Samsung SDI based on nickel-manganese-cobalt-oxide. TESVOLT storage systems function just as well at low voltage as at high voltage, and can be connected to all energy producers: sun, wind, water, biogas and combined heat and power — on-grid and off-grid. The TESVOLT commercial storage solutions are manufactured in the first Gigafactory for battery storage systems in Europe at the Wittenberg location.
TESVOLT was awarded the German Entrepreneur Award in 2018 in the category "Rising Star". For the off-grid power supply of an avocado farm in southwestern Australia, TESVOLT received the "The smarter E award" in the "Outstanding projects" category as well as the International Award for Rural Electrification (ARE).