Oslo, 19th April 2022 - Kyoto Group AS (Kyoto) board of directors has appointed Camilla Nilsson as permanent CEO of Kyoto, after serving as interim CEO since December 2021. She assumes the role with immediate effect.
Camilla Nilsson has previously served as CFO of Kyoto from March 2021. She has extensive international industrial experience from leadership positions in large international companies as well as building ambitious start-ups, including experience with multinational JV partnerships and aggressive turn-around processes.
"On behalf of the Kyoto board, I am pleased to announce that Camilla Nilsson has accepted the role as CEO. Camilla knows the company well and has been instrumental in building up the current organization. She is the best candidate to drive commercial performance in the coming period while also delivering on our strategy to scale up the company and grow our portfolio of renewable heat industry projects in Europe," says Eivind Reiten, chairman of the board.
Kyoto is moving from the start-up phase to the scale-up phase. The company is rapidly scaling its organization for growth and commercial excellence to be able to serve the increasing demand for thermal energy storage in Europe.
“I am looking forward to continuing building this company together with our board, employees, and partners. We now have a very solid and experienced team in place and the Kyoto technology is at the center of the ongoing energy transition, enabling industrial clients to decarbonize and source their process heat from renewable sources while at the same time offering a balancing asset through thermal energy storage for the grid,” says Camilla Nilsson.
While working as Kyotos's interim CEO, Nilsson has also held the position of CFO. The company will immediately start the process to recruit a new CFO, and Nilsson will hold the position until a permanent hire is in place.
For additional information, please contact:
Kyoto Group CFO and CEO Camilla Nilsson +47 48 29 56 85 or email@example.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Camilla Nilsson, CEO and CFO in Kyoto Group AS, on 19 April 2022 at 17.45 CEST.
About Kyoto Group
Kyoto Group aims to capture and manage the abundant energy from variable renewable sources such as solar and wind power and apply it to reduce the CO2 footprint for industrial thermal loads. The Company plans to lease & operate and sell Heatcube thermal batteries with capacity from 5MW, enabling industrial consumption of low-cost heat sourced from excess solar and wind energy.