Erik Sellstedt Appointed as CFO at Ingrid Capacity

Erik Sellstedt has been appointed as CFO at Ingrid Capacity. With extensive experience from the finance sector and a proven track record in scaling fast-growing and capital-intensive companies, Erik will play a pivotal role in Ingrid Capacity’s expansion journey to become Europe’s leading independent flexibility provider with 8GW under management by 2030.

Erik has held leading positions as both CFO and CSO in various companies. Most recently, he served as the CFO at the VC backed, rapidly scaling fintech company Anyfin. There, he played a pivotal part in securing scalable and diversified funding, and in setting up governance, reporting and performance management. Erik has also held various positions at Klarna, including heading up finance in the Nordic management team. 

Ingrid Capacity aims to be at the forefront in the energy transition with our innovative, flexible solutions. Flexible solutions like large-scale energy storage play a crucial role in enabling electrification and the green transition by storing energy when electricity demand is low, and then giving the energy back into the system when demand is high. Large-scale energy storage offers a cost-effective and scalable solution that enhances grid capacity to meet industrial demands while reducing consumer costs.  

“What attracted me to Ingrid Capacity and the energy sector was above all the opportunity to apply the experience and “toolbox” I have built up over the years to something truly meaningful. The green transition and electrification, along with the challenges these bring to the energy system, have fascinated me for many years. I was also struck by Ingrid Capacity’s forward-thinking approach and ambitious goals”, says Erik Sellstedt, CFO at Ingrid Capacity. “I look forward to delving into both the business model and the energy market alongside the great team at Ingrid Capacity. I believe that my experience in scaling rapidly growing and capital-intensive businesses will bring valuable contributions to Ingrid Capacity.”
 
"The regions that succeed in building the most efficient, stable, and clean energy systems will be best positioned to attract future investments and talent. With Ingrid Capacity’s mission to spearhead the energy system of tomorrow across Europe, we are thrilled to welcome Erik Sellstedt as the CFO at Ingrid Capacity. His extensive experience from scaling innovative and tech-driven companies will be invaluable on our journey to become the leading flexibility provider in Europe”, says Axel Holmberg, CEO at Ingrid Capacity.

Proven Track Record in Scaling Fast-Growing and Capital-intensive companies 

The global energy sector is undergoing a rapid transformation from fossil fuels to zero-carbon sources. Erik’s extensive experience from successful high-growth fintech companies like Klarna and Anyfin - in a highly transformatory industry - offers valuable insights for the ongoing energy transition. 

Having successfully driven a similar change before, Erik is well-positioned to support Ingrid Capacity’s ambitious European expansion and help lead the way in the energy revolution. Moreover, his expertise in raising substantial equity and debt funding, coupled with his investor experience, allows him to view the business strategically from both an owner and an investor perspective. These qualifications will all be invaluable for Ingrid Capacity now that we expand into new markets and business models. 

As of today, Ingrid Capacity manages over 400 MW/400 MWh of flexible assets, with 200MW/200MWh operational and another 200 MW/200MWh under construction. To date, Ingrid Capacity has raised approximately SEK 2 billion, with further funding planned as we aim to manage 8GW of flexible assets by 2030.