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Azelio signs MOU for reliable and sustainable electricity supply in Pakistan

Azelio signs a Memorandum of Understanding (MOU) with the Pakistani company JD Aviation for reliable and sustainable electricity supply in Pakistan. The MOU is a first step in introducing the technology to the market in Pakistan. A market characterized by an unreliable electricity grid and good solar conditions, where long-term energy storage with cost-effective electricity production will make a big difference.Pakistan has an average of 75 power outages per month (World Bank, 2018) and is dependent on backup systems to ensure a functioning infrastructure with continuous electricity supply.

Trading in Azelio’s share on Nasdaq First North commences today

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Press release December 10, 2018Azelio AB (publ) (”Azelio” or the ”Company”), announces that the trading in the Company’s share on Nasdaq First North commences today under the short name “AZELIO” with ISIN SE0011973940. Prior to the listing, Azelio has completed a share issue that

Azelio receives SEK 52 million in proceeds from exercise of warrants

During 2017, Azelio issued warrants in connection with a new share issue. The subscription period expired on 31 October 2018, with Azelio receiving SEK 52 million after 95 percent of the warrants were exercised. In June 2018, for the first time, Azelio demonstrated its unique solar energy storage solution for sustainable and cost-effective power generation at all hours of the day. Since then, potential customers from more than 50 countries have contacted Azelio with requests of its technology."We have a positive development within Azelio, with a good response to our technology. We have

Cleanergy and Datang enter execution phase of multibillion SEK Stirling CSP project in China

Cleanergy AB in April this year signed an agreement with Datang Holdings New Energy Technologies Limited (“Datang”), a Chinese energy company now moving into large scale installations of solar power plants and energy storage. The agreement comprises of manufacturing, installation and development of Cleanergy’s state of the art Stirling Concentrated Solar Power (CSP) technology in China.The agreement has now entered the execution phase following the payment by Datang of the agreed commitment fee of RMB 5m (corresponding to SEK 6.4 million) to Cleanergy.The project includes a 200 MW

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