Echandia – a leading developer of energy storage solutions for heavy-duty marine applications – has appointed Fredrik Hellström as CEO. The new chief executive will focus on building a solid growing business and broaden the product portfolio together with a world class team.

Mr Hellström joined Echandia as Deputy CEO in 2021. He has more than a decade’s experience from leadership in naval design and large-scale project management. The company’s new CEO holds a PhD in Fluid Mechanics and a MSc in Naval Architecture. 

“I feel honoured to be appointed as CEO of the company Magnus Eriksson founded and successfully led for many years,” Mr Hellström remarked. “Echandia today has a world leading position in the development of advanced battery and fuel-cell systems for maritime and industrial applications. My focus will be on building a solid growing business and broaden our product portfolio together with our world-class team,” he added.

Current CEO and founder Magnus Eriksson takes on the position as Chief Strategy Officer and will focus on the development of Echandia's product portfolio and technology IP, and thereby further strengthen the company's long-term competitiveness. The change takes place with immediate effect.

“The world's largest fleet of electric ferries in Kochi, India, is equipped with our energy solutions, and so are the award-winning Copenhagen commuter-ferries. The major global shipyard Damen Shipyard in the Netherlands is a big customer. The CEO shift will increase our capacity – and thus, the ability to take Echandia to the next level,” commented Magnus Eriksson.

“With the skilled team we have today, and with Magnus focusing on strategic product development, we will make Echandia an even stronger company in the future,” asserted Mr Hellström. “I look forward to sharing more details about our work and the new direction that we are pursuing. With great products and an attractive client list, Echandia is ready to accelerate its expansion and scale up the business.”