ewz joins EVUlution
ewz is a new co-shareholder of EVUlution. The electricity company of the city of Zurich brings its subsidiary smart grid solutions into the joint service provider of the eastern Swiss energy suppliers. At the same time, EVUlution is expanding its own service portfolio.
EVUlotion has successfully completed a financing round. As reported by the service provider based in Landquart, the existing shareholders have participated. The previous shareholders include Arbon Energie , the Jona-Rapperswil electricity works, EWN Cantonal Electricity Works Nidwalden , LKW from Liechtenstein, Bündner Repower and SN Energie from St.Gallen.
In addition, EVUlution was able to expand its shareholder base to include ewz . The city of Zurich’s energy supplier is also contributing smart grid solutions AG . The ewz subsidiary founded in 2016 has developed an innovative solution for network management. According to the Zurich-based company’s website, it is based on measuring and control devices distributed in the network that communicate with each other. It ensures the safe and economical operation of the network.
Karl Thoma, Managing Director of EVUlution, sees the round of financing as a milestone in the development of his company. “With the commitment of the existing partners and ewz as a new co-shareholder, we have laid the basis for further growth and gained valuable know-how,” he is quoted as saying in his company’s announcement.
Similarly, Roland Lüthy, Managing Director of smart grid solutions: “We are pleased to have found a strong partner in EVUlution for the further development of innovative grid management solutions.”
EVUlution has already offered a software solution for system management, a certified overall smart metering system and a customer portal.