EnerVenue appoints Maryann Xu as Chief Financial Officer to drive financial discipline and capital strategy for next phase of growth

‍FREMONT, Calif.June 29th, 2026: EnerVenue Holdings, Ltd. ("EnerVenue"), a pioneer in grid scale non-lithium energy storage systems, today announced the appointment of Maryann Xu as Chief Financial Officer. Xu joins from a distinguished career in global corporate finance and business leadership, bringing rigorous financial discipline, international capital markets expertise, and deep operational experience across some of the world's largest consumer and industrial organizations.

Xu will be based at EnerVenue's high-volume manufacturing hub in Changzhou, China, where the company is scaling production ahead of the completion of its 250 MWh production line and a planned 1 GWh expansion. Her appointment reflects EnerVenue's strategic commitment to building a world-class finance function capable of supporting multi-gigawatt growth and global commercial deployment of the company’s fourth-generation Aqueous Metal Cell (AMC) technology.

Henning Rath, CEO of EnerVenue said: “EnerVenue is now at the stage where financial infrastructure becomes as important as the technology itself, and Maryann is exactly the CFO to build that. Her experience scaling finance functions at global organisations, combined with deep cross-cultural leadership, makes her ideally placed to help us convert our manufacturing ambitions into a world-class operation. We are delighted to welcome her to the team.”

As CFO, Xu will steer corporate financial strategy, oversee capital allocation and risk management, and build robust financial frameworks to support EnerVenue's scaling operations. 

Maryann Xu, Chief Financial Officer, EnerVenue, said: “The energy sector demands safe, durable, and sustainable grid-scale storage that is ready to scale today, and EnerVenue’s pioneering technology delivers exactly that. This is what attracted me to the role, but what really made my decision clear was the team: EnerVenue's management brings a truly global perspective and a real drive to transform the way in which we integrate clean energy solutions, especially in fast-growing sectors such as data centres and AI. I’m excited to be part of it and help the company to deliver its next phase of strategic growth.”

With more than 25 years of senior leadership experience, Xu has held executive roles at some of the world's most recognized organizations. At Walmart China, she served in successive capacities including Vice President of Indirect Spend Management, Senior Vice President and Chief People Officer, and Chief Financial Officer. Prior to Walmart, she held senior positions at Fonterra Greater China, and earlier in her career gained broad cross-functional expertise at Ernst & Young, L'Oreal, Coca-Cola, and MediaMarkt. She holds a Bachelor of International Finance from Shanghai Jiaotong University.

Xu joins a leadership team that has already achieved a significant milestone: the closing of a $300 million extension of EnerVenue's Series B financing round in early 2026, which fully funds the company's near- and mid-term manufacturing capacity targets. Her role will be central to ensuring the company's financial infrastructure is capable of supporting the next stage of its ambition: building a globally resilient capital structure to fund multi-gigawatt expansion across continents.

The first pilot project of EnerVenue’s fourth-generation AMC technology was commissioned in May at a site operated by Towngas near Changzhou, China. The facility integrates on-site renewable energy generation with electric bus charging stations, which leverage AMC’s deep cycling capability by charging and discharging continuously over 2- to 4-hour periods to match load demand and reduce energy costs.

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