Azelio Newsletter November 2019
An update where recent happenings and progress at Azelio is gathered.
Agreements
- Azelio signs MOU for commercial project in Sub-Saharan Africa
- Azelio signs MOU for commercial project in Zambia
- MOU signed with the US company Biodico for 120 MWe of installations in California
Partners
- Agreement signed with Masdar and Khalifa University in Abu Dhabi for a pilot project to evaluate Azelio’s technology
- AQ Enclosure Systems appointed as partner for assembly of Azelio’s energy storage solution
- Final testing of pump system developed with Swiss company Egger for transfer of heat in the energy storage system
Organization development
- Azelio appoints VP Operations to lead the company’s industrialisation
- Azelio progresses in its commercialization as the first product leaves the production line
- Verification project for Azelio’s energy storage solution in Morocco in system with solar panels, opens up for new markets
- Azelio intends to resolve on a partly guaranteed rights issue of up to approximately SEK 350 million
Representation/Awards
- Azelio is the winner of Nasdaq Innovate46 in New York. Voted the company with the highest potential to succeed on the US market
- Interview by Redeye with Azelio's CEO Jonas Eklind (in Swedish)
- Azelio on Mission Innovation’s list of 100 most innovative clean energy solutions
- Coverage in Arab News on Azelio's collaboration with Masdar and Khalifa university
- Energivärlden on Azelio and its ground breaking clean power solution (in Swedish)
- Part of the technical committee for smart grids in collaboration with key stakeholders on the Chinese market
Report update
- Q3 report - Azelio puts the pieces in place for volume production in 2021, as planned