After spending greater than three many years within the battery business, Joe Fisher together with Christian Ringvold based Lithium Werks in 2017 to allow the vitality transition from fossil fuels to scrub renewables, reminiscent of photo voltaic and wind energy. The purpose was to create a sustainable, trendy life by offering secure, dependable and cell vitality options. Realizing the expansion potential within the lithium iron phosphate (LFP) market, because of its excellent efficiency, security, and cycle life, the pair got down to deliver business experience and the correct know-how collectively. Lithium Werks supplies secure, dependable and cell vitality options by vitality storage and transportation.
At present, Joe serves because the Chief Govt Ofﬁcer of the corporate. He has envisioned and executed the administration buyouts of the property of Valence Expertise, Inc. and the Industrial Division of A123 Techniques, making a $50m income international firm whereas amassing a patent portfolio of over 400 patents together with a world-leading portfolio of lithium iron phosphate batteries, in addition to a number of different sport altering cathode supplies, cell designs and battery administration methods. Not solely this, however he has additionally been instrumental in elevating $25m in new capital to fund the acquisitions and place the corporate for each quick natural and inorganic development, leveraging many international contacts, relationships, and expertise within the business. He has held numerous senior administration positions in main corporations and has overseen a spread of restructuring and development initiatives on this fast-changing sector.
“I imagine within the three T’s: Expertise, Crew and Timing. One must have all three in place after which present clear objectives and help.”
Contemplating the proﬁciency and chronic efforts of Joe in revolutionizing the transportable energy vertical, CIO Look acknowledges him as one of many “Progressive Enterprise Leaders Making a Distinction, 2021”. Let’s ﬁnd out extra about his entrepreneurial journey in an unique interview:
Kindly take us by your journey on turning into an modern enterprise chief.
I’ve been lucky to have an attention-grabbing worldwide profession that has ready me for the present alternative with Lithium Werks. I began my profession in ﬁnance and controllership with Union Carbide, then a multinational within the Dow Jones Industrial Index. I then moved into basic administration with worldwide assignments as nation managers in South Africa, Argentina, and Spain. After which had the distinctive alternative inside Energizer to arrange two new international companies inside the company – one being in specialty batteries and the opposite in rechargeable batteries. Each allowed me to journey extensively in Japan, Korea, and China in addition to all continents of the world, making intensive and long-lasting friendships and contacts and experiences.
Lastly, I took a leap of religion and arrange my very own consulting enterprise, which led me to supervise a number of turnarounds of battery corporations, and in the end led to the founding of Lithium Werks leveraging all of the earlier experiences and to handle a buyout of the A123 Industrial division, after which adopted up with a leverage buyout of Valence Expertise.
Describe the corporate and its intensive vitality options which tackle all of the wants of its clients.
Lithium Werks is a world lithium battery firm targeted on offering transportable energy options to assist in the transfer away from fossil fuels to the clear vitality transition. Our product portfolio contains cells to battery modules to giant battery methods.
Have you ever drawn skilled inspiration from different enterprise leaders? Inform us about somebody who has impressed you.
I used to be notably impressed by my grandfather, who solely had an eighth-grade training, however went onto construct a profitable tire and repair station enterprise in a small mid-western city. He at all times targeted on honesty, ethics, and wonderful customer support.
What have you ever realized about management, entrepreneurship and mentoring in your three-decade expertise within the battery business?
Deal with individuals the best way you count on to be handled. Additionally, I’ve realized not to surrender; don’t be discouraged. If it was going to be simple, different individuals would have achieved it earlier than you. Plus, the battery business shouldn’t be just like the semiconductor enterprise, however is certainly one of many small, incremental enhancements, not like Moore’s Regulation.
How do you obtain work-life stability?
I need to admit that is one factor that I’ve struggled to do over time. First, I don’t contemplate what I’m doing to be work as a result of I take pleasure in what I do. I at all times attempt to put my household ﬁrst and am lucky to have a really supportive spouse who was keen to surrender her profitable profession to be keen to maneuver over twenty occasions in 40 years of labor.
A number of of those have been worldwide assignments. We simply celebrated our forty second wedding ceremony anniversary, so she has helped make it potential.
How do you cope up with capricious technological developments to spice up your private development?
I’m always holding abreast of many business newsletters, and every day Google updates of rivals, suppliers and new know-how developments and attend conferences. I typically marvel how we did issues so successfully earlier than we had the web. However we used the phone, telex, and fax machines, in addition to simply had head to head conferences. Simply good old school communication.
What values are vital to you as a enterprise chief?
I put an actual significance on honesty, truthfulness, and open communication. I prefer to handle by strolling round, which has been difﬁcult the final 12 months with the worldwide pandemic. However we use Microsoft Groups conferences and Zoom calls. Innovation, setting clear objectives, and follow-up can also be vital.
What would you inform rising enterprise leaders who’re simply beginning to work?
Don’t be afraid to ask inquiries to your supervisor. Volunteer for the robust assignments. Get a mentor. Be keen to go the additional mile. And set objectives and work towards them.
What would you want them to know?
It will likely be plenty of robust work. It is not going to at all times be simple. There will likely be defeats, however don’t quit. The solar will shine once more. And be taught out of your errors. Simply don’t make the identical one twice.
What are your future endeavors/aims and the place do you see your self within the close to future?
We’re in the course of a serious fundraising inside Lithium Werks. It’s my purpose to assist allow the worldwide transfer away from fossil fuels and to drive in direction of clear vitality and to leverage our core applied sciences into higher, long-lasting, and secure merchandise.
“We need to allow the transition from fossil fuels to scrub vitality by offering dependable vitality storage”