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Azelio to install U.S. certification project for its Long-Duration Energy Storage Product

Gothenburg, Sweden and Baton Rouge, LA – Azelio AB (AZELIO.ST), a Swedish cleantech company, today announced that it will install a U.S. certification project for its TES.POD product, a long-duration energy storage solution.   The certification project will be conducted in Baton Rouge, LA, in conjunction with MMR Group, an electrical engineering and construction company, based in Baton Rouge. The certification will ensure that the TES.POD product is compliant with U.S. standards. The storage units will be shipped from Azelio’s factory in Sweden in April to MMR for adaptation to the U.

Azelio publishes white paper with validation data on technical performance of the TES.POD

Azelio’s energy storage test system in Sweden has been gathering an extensive amount of data over a long time. The system performs in all aspects according to the technical performance specification.Azelio’s energy storage system, TES.POD, has been in operation at Azelio’s development centre to gather operational performance data, such as reliability, uptime, nominal power, round-trip-efficiency, storage capacity, and dynamic behaviours to validate the design requirements. The test system performs in all aspects to the technical performance specification. The data has been summarized and

Azelio has started the production of its energy storage TES.POD

Production in volume design of Azelio's long-duration energy storage TES.POD has started according to plan. To ensure high quality in both the product and the supply chain, consisting of around seventy European suppliers, production will begin at a low pace before scaling up to high volumes in 2022.Azelio continues its commercialisation as planned and has now reached another important milestone by commencing production of its long-duration energy storage TES.POD in volume design. The production chain consists of the assembly of cylinder kits in the company's facilities in Åmål (Sweden),

Azelio is granted two patents for its long-duration energy storage technology

Azelio has two new patents published. The patents have been granted in the USA and China as well as in Sweden and are related to the function of the thermal energy storage and power conversion as well as the transfer of stored energy to electricity and heat generation. Azelio now has 16 granted patents and several patents under registration.The patent granted in Sweden describes the energy storage system TES.POD's function of the thermal storage and the charging and discharging system as well as the power conversion unit. This patent protects Azelio's energy storage system TES.POD, which

Azelio signs conditional order with Engazaat Development S.A.E in Egypt for 20 energy storage units

Azelio has received a conditional order from Engazaat Development S.A.E. for 20 of Azelio’s TES.POD® renewable energy storage units. The order is valued at approximately USD 1.5 million, and it is estimated that delivery will take place in December 2021. The order is conditional on, apart from customary project items, the ongoing techno-economic feasibility study for this specific project. The TES.POD® units are intended to be financed, installed, and operated through a project company jointly owned by Azelio and Engazaat Development S.A.E., and be used in the SAVE sustainable agriculture

Azelio initiates collaboration with US-based MMR Constructors for joint energy storage projects

A Memorandum of Understanding (MoU) is signed between Azelio and MMR Constructors (MMR) with the intention to develop projects combining Azelio’s long-duration energy storage, TES.POD[®], with solar PV to supply customer with renewable energy around-the-clock. The collaboration aims at an installed capacity of 250 MWh of Azelio’s TES.POD[®] by 2027, starting with a small scale installation in 2022.MMR is an industry leader in instrumentation and electrical construction, maintenance, and technical services, based in the US and with a global footprint of projects completed in 36 countries. In

Azelio is selected for Accelerator programs in India and Indonesia by the Swedish Energy Agency and Business Sweden

As a selected member of the Accelerator programs for India (ISIA) and Indonesia (BAPI), Azelio is given a unique opportunity to establish partnerships and grow in two of the world's most attractive markets for renewable energy. The programs will run over 18 to 24 months (2021 – 2022) and aims to facilitate business opportunities through custom-made delegation trips, individual meeting arrangements, business development support, and local marketing and communication.India is one of the largest potential markets for Swedish companies within renewable energy. Azelio’s long-duration energy

Azelio is selected to present its energy storage at the 2021 NREL Industry Growth Forum

As one of 40 emerging cleantech companies selected globally, Azelio will present its energy storage solution TES.POD to investors and other cleantech industry stakeholders at the 2021 NREL Industry Growth Forum.Azelio has been selected to present its TES.POD to investors and industry representatives at the 2021 NREL Industry Growth Forum (IGF), to be held virtually on April 20-22, 2021. The IGF, celebrating its 26th anniversary, is hosted by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). It is one of the nation’s premier events for cleantech entrepreneurs and

Azelio’s TES.POD[®] awarded green tech label from Solar Impulse Foundation

Azelio's long-duration energy storage system, TES.POD, has been awarded the Solar Impulse Efficient Solution label. The Solar Impulse Foundation aims to select 1,000 solutions capable of tackling climate change. The selection process involves both economic and environmental assessments from independent experts and is only eligible for products that have reached a high level of technical maturity.The label, established by the Solar Impulse Foundation (formed in 2004), is granted to economically feasible green technology solutions with the potential to improve quality of life. This

Azelio receives grants of 2.5 MSEK from the Swedish Energy Agency and Region Västra Götaland

Azelio has been awarded a grant of 2 MSEK from the Swedish Energy Agency to demonstrate the impact of long-duration storage on energy resiliency as well as to show the benefits of the heat that the system delivers. Additionally, the company has been granted 0.5 MSEK from the Region Västra Götaland for a research project on product enhancements with Sweden’s independent research institute RISE.The demonstration project aims to show how Azelio’s TES.POD® can be used to achieve energy resilience and reliability in locations where alternative solutions are expensive and large amounts of

Azelio granted four new patents

The energy storage company Azelio has been granted four new patents. The patents refer to innovations to efficiently store energy and generate electricity from heat, which is central to being able to store renewable energy and make it available around the clock in an efficient way.“That we get four patents approved in a short time shows the height of innovation in our energy storage solution and strengthens our position vis-à-vis competitors. We have developed unique ways to utilize energy, store and make it available when needed. The new patents complement our previously approved patents

Interim report: Successful directed share issue

Based on a directed share issue of 12.3 million new shares, the company received proceeds of approximately SEK 270 million before issue expenses. Several new Swedish and international institutional investors as well as certain existing shareholders subscribed for shares in the issue. The proceeds will be used to finance the company’s ongoing operations and the continued industrialisation of Azelio’s Thermal Energy Storage (TES) and Stirling-based electricity production technology, with the objective of reaching industrial volume production in 2021. The company continued to sign Memorandums

Azelio and JET ENERGY in MoU to develop storage projects with solar PV in Africa

Azelio has signed a Memorandum of Understanding (MoU) with Morocco based JET ENERGY to explore energy storage projects with Azelio’s TES.POD in Francophone Africa. The collaboration targets approximately 45 MW capacity of the TES.POD until 2025, with JET ENERGY as project developer. In addition to this MoU, the parties anticipate an extended project pipeline once the first projects are initiated. After cooperating for the installation of Azelio’s verification project in Morocco, JET ENERGY and Azelio are teaming up with the signing of a MoU to develop renewable energy projects in Morocco

Azelio business update - Azelio has successfully verified its energy storage system’s performance

Azelio has successfully generated verification data so that the performance of the company’s energy storage system has been verified in accordance with the specification of 13 kW output power with a storage capacity corresponding to 13 hours of electricity production. The company has thus reached an important milestone in the commercialization of its energy storage system. The certification body DNV-GL has announced that it will issue an initial verification report within four weeks, which will be made available to Azelio’s customers. The verification project has thus resulted in an

Azelio strengthens California presence through CALSSA

Azelio strengthens its presence in California further by joining The California Solar & Storage Association, CALSSA. The association is the state’s largest clean energy business group with over 550 member companies. “California is one of the largest and most successful solar markets in the world, where we also see a strong interest in our energy storage solution. By joining CALSSA we show our commitment to building a strong regional platform and becoming part of the community,” says CEO Jonas Eklind. “We warmly welcome Azelio into CALSSA,” said Bernadette Del Chiaro, Executive

Azelio’s energy storage technology shown to be significantly more sustainable than lithium-ion batteries

The climate impact of Azelio’s energy storage system (TES.POD) is significantly less than that of lithium-ion battery storage and dramatically less than that of diesel generators. This is concluded in a Life Cycle Assessment made by the Swedish research institute RISE to determine Azelio’s TES.POD’s global CO2-equivalent emission during its entire lifetime. In the study, it was assumed that Azelio’s TES.POD, lithium-ion batteries and diesel generators would deliver electric power for 13 hours every day, for 25 years. The study thus disregarded that Azelio’s system also delivers a

Azelio signs agreement with ALEC Energy to set up renewable energy storage site in Masdar City

Azelio will install a verification project in Abu Dhabi in Q3 2020 together with Masdar and Khalifa University. The purpose of the installation is to evaluate Azelio’s energy storage technology for inclusion in the Masdar product portfolio for current and future renewable energy projects. An agreement has now been signed with ALEC Energy to set up the Azelio project site in Masdar city, Abu Dhabi.The preparation for Azelio’s energy storage installation in Abu Dhabi is progressing according to plan. The project has reached an important milestone in a signed agreement with ALEC Energy to

ALEC Energy in agreement with Azelio for development and installation of energy storage in the Middle East and Africa

ALEC Energy and Swedish company Azelio has signed a Memorandum of Understanding (MoU) that covers a collaboration over 49 MW installed capacity of Azelio’s thermal energy storage until 2025. The projects are focused to the Middle East and African markets, where Alec Energy aims to expand its business offering as a renewable energy project developer and system integrator.ALEC Energy and Azelio reached an agreement to expand its business offering, to supply electricity and heat to Commercial & Industrial clients using Azelio’s long-duration thermal energy storage. The unique storage

Azelio signs a MoU with Trimark Associates in the US for energy storage projects across North America

Azelio’s MoU with US-based company Trimark Associates Inc. (Trimark) covers a collaboration over 45 MW capacity of Azelio’s energy storage until 2025 on the North American market, where Trimark will be the system integrator. In addition to this MoU, the parties anticipate an extended project pipeline once the first projects are initiated.Azelio’s introduction to the US market continues with the signing of an MoU with system integrator Trimark. With its expertise in power system controls Trimark will integrate Azelio’s long-duration storage in energy projects. Azelio’s storage solution can

Azelio signs MoU with partner in Mexico for energy storage supply to commercial and industrial customers

Azelio has signed a Memorandum of Understanding (MoU) with Mexican, CITRUS JMK S.A DE C.V (CITRUS) to assess energy storage for the food and beverage, agricultural, mining, and the oil & gas industry as well as the tourism sector with hotels and resorts in Mexico, North and Central America. The MoU frameworks a collaboration over a 20 MW capacity of Azelio’s energy storage until 2024. The parties expect to trigger further projects in addition to this initial agreement.Azelio’s long-duration energy storage system coupled to Solar PV will be part of CITRUS offer to their clients within the C&

Azelio appoints new CFO

Fredrik Wäppling has been appointed new CFO for Azelio. The company is in a commercialization phase with several recently signed MoUs, first customer installation planned for Q4 2020 and serial production from Q3 2021. Fredrik provides the company with extensive experience in financing from leading positions in prominent growth companies.Fredrik Wäppling will join Azelio’s Executive Management Team and replaces current CFO Kennet Lundberg, who will continue to hold assignments within Azelio. The replacement will be effective from June 1, 2020. Fredrik has previously held leading roles in

Azelio signs MoU with partner in Chile for energy storage supply to the mining industry

Azelio has signed a Memorandum of Understanding (MoU) with the Chilean company Industria Mecánica VOGT S.A. (VOGT) to assess energy storage projects for the mining industry in Latin America. The MoU frameworks a collaboration over a 10 MW capacity of Azelio’s energy storage from 2021 until 2024. The parties expect to trigger further projects after this initial agreement.Azelio’s long-duration energy storage system coupled to solar PV will be used to supply VOGT’s pumping systems for the mining industry with renewable electricity around the clock. The first projects are aiming for 50 kW in

Azelio inaugurates its renewable energy storage at Noor Ouarzazate solar complex in Morocco

Azelio has completed the installation of its renewable energy storage with 24h clean power production at Noor Ouarzazate solar complex in Morocco. An inauguration ceremony was held on March 5, 2020 together with the Moroccan Agency for Sustainable Energy (Masen) and invited prominent guests.A well-attended inauguration ceremony of Azelio's renewable energy storage took place at the Noor Ouarzazate solar complex in Morocco on March 5th, in the presence of government representatives from several countries, the World Bank, IFC, Ambassadors, and many more. The installation is a partial result

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