News update – start-up preparations initiated at verification project in Ouarzazate

Ongoing installations at Azelio’s verification project in Ouarzazate, Morocco are progressing rapidly. All mechanical components have now been installed and Azelio’s installation team is currently working to ensure the system functions as expected.

The critical stages of site preparation and installation of the system’s power unit have now been completed. The verification project is currently in the phase of commissioning and start-up preparations are progressing according to plan.

“I’m proud of the execution and commitment from Azelio’s installation team and all other parties whom are contributing to the deployment of our verification project in Ouarzazate. We are making steady progress and will work tirelessly to achieve our high ambitions,” says Jonas Eklind, CEO at Azelio.

About Us

Azelio is a public Swedish company, specializing in thermal energy storage with dispatchable Stirling-based electricity production when and where it is needed, modular and to a low cost. The technology is revolutionary for its unique ability to store thermal energy for production of electricity at nominal effect for 13h. The company has just over 100 employees, headquartered in Gothenburg with production facilities in Uddevalla and development centres in Gothenburg and Åmål in Sweden, as well as international presence in China, Spain and Morocco. Since the start in 2008, the company has invested over one billion SEK in technical development. In June 2018, the company changed its name from Cleanergy to Azelio and in December 2018 the company was listed on Nasdaq Stockholm First North. FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se, is Certified Adviser.

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