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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 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 to partner with Masdar and Khalifa University to install new clean-tech pilot project at Masdar City

Abu Dhabi, United Arab Emirates; September 12, 2019: Swedish solar energy company Azelio has partnered with Abu Dhabi Future Energy Company (‘Masdar’) and Khalifa University of Science and Technology to run a pilot project evaluating new technology in power storage.An agreement to formalize the partnership was signed today by Jonas Eklind, Chief Executive Officer, Azelio, Abdulla Balalaa, Director, Real Estate Development and Design at Masdar, and Dr Steve Griffiths, Senior Vice President for Research and Development, Khalifa University of Science and Technology, at the 24thWorld Energy

Azelio progresses in its commercialization as the first product leaves the production line

Azelio conducts a successful production premiere at its factory in Uddevalla, Sweden. This is where Azelio assembles its Stirling engine, which has been adapted to the company's energy storage solution with renewable power production for all hours of the day. This is an important interim goal in the company's commercialization and a first step in the verification project that will be installed in Morocco in late 2019.In parts of Volvo Car's former factory in Uddevalla, Sweden, Azelio has assembly of its Stirling engine. As the company has developed its offer to an energy storage solution

Interim report: Azelio develops on plan or better – a technical breakthrough increases the potential

During the quarter the company announced a solution that allows its energy storage to also be charged using electricity, an important innovation beyond the stated plan. This broadens the uses of Azelio’s technology to include both solar and wind power, and also to more geographies. Azelio’s CEO, Jonas Eklind, was awarded Mission Innovation Champion for Sweden. An agreement has been signed with a sales agent for selling Azelio’s technology to deliver sustainable electricity to hospitals in Africa. In Pakistan, in the presence of Sweden's ambassador, a Memorandum of Understanding on

Azelio on Mission Innovation’s top 100 list of solutions with high impact on avoided CO2e emissions

Azelio is proud to be listed as a top 100 solution provider with a potential high impact on avoided CO2e emissions, presented by the 1.5° C Compatible Solutions Framework at Mission Innovation’s Ministerial meeting in Vancouver in May.In May 2019, Azelio’s CEO Jonas Eklind was honored as Sweden’s Mission Innovation Champion. As progressive solutions for avoided CO2e emission was presented by Mission Innovation, Azelio was on the top 100 list. The Mission Innovation member states represent 60% of the world’s population, 70% of GDP and 80% of government investment in clean energy research.

Sigrun Hjelmquist is elected to Azelio's Board of Directors

Azelio strengthens its Board of Directors by electing Sigrun Hjelmquist. Sigrun brings valuable experience and knowledge from her time as CEO of Ericsson Components AB and Board assignments for Sandvik AB, Handelsbanken AB and E.ON Sverige AB, among other prominent positions.Sigrun Hjelmquist has extensive experience from her 20 years at Ericsson on several senior positions, most recently as CEO of Ericsson Components AB. After the time at Ericsson she co-founded the venture capital company BrainHeart Capital KB and has since 2005 mainly engaged in Board assignments. Sigrun is currently a

Azelio offers its technology to increase reliable clean power supply for refugee camps in Jordan

Azelio has invited UNHCR to explore the company’s unique energy storage technology as a complement to the existing solar photovoltaic power installations in refugee camps in Jordan. UNHCR aims for the refugee camps to be self-sufficient and is now looking for solutions providing reliable on-site clean power supply at all hours of the day. As a first step, Azelio assessed the refugee camp of Azraq and will present to UNHCR’s energy experts later this year a comprehensive feasibility study based on Azelio’s technology.“It is an honor for Azelio to help UNHCR analyze how to reach 100 %

Azelio in collaboration for verification of its energy storage technology also in Sweden

In addition to the planned verification in Morocco at the end of 2019, Azelio is now initiating a collaboration with the Swedish Glava Energy Center (glavaenergycenter.se) for verification of its technology also in Sweden. The collaboration enables tests close to the company's development and in system together with other renewable technologies and different grid configurations. The varying test environments accelerate the verification for a wide area of uses for an expanded market. Azelio's thermal energy storage technology with renewable electricity production has, as previously

Invitation to webcast: Azelio presents the broader use of its unique energy storage technology

Azelio’s energy storage solution with dispatchable electricity production around the clock has been adapted to solar regions in areas where the electricity grid is either unstable or entirely lacking. With a new important development Azelio has broadened the range of uses of its unique technology, so that electricity from a wider range of renewable sources can be received and stored as thermal energy. This opens a global market where Azelio can improve the productivity of both existing and planned installations.Are you interested in learning more about Azelio, the company strategy, recent

Azelio’s CEO Jonas Eklind awarded Mission Innovation Champion at a ceremony in Vancouver

Azelio’s CEO Jonas Eklind was Sweden’s chosen representative at the award ceremony of the Mission Innovation’s fourth annual Ministerial gathering in Vancouver on May 27th, bringing together ministers, business leaders and innovators. At the ceremony Jonas Eklind was awarded Mission Innovation Champion together with awardees, each representing a member country within Mission Innovation. Mission Innovation was launched at the Paris Climate Conference in 2015 as a global initiative of 22 countries and the European Commission, on behalf of the European Union, seeking to dramatically

Azelio signs agreement with sales agent for renewable electricity supply to hospitals in Africa

Azelio has signed a sales agent agreement with Pansanté AB for sustainable electricity supply to hospitals in central and southern Africa. Pansanté AB (www.pansante.com) has developed an award-winning concept for sustainable healthcare. As the agreement aims at areas off grid, Azelio's solution for electricity production with energy storage offers an alternative to diesel generators as baseload.Pansanté AB is a Swedish company offering a turnkey solution for sustainable hospitals, together with infrastructure, education, maintenance, financing and management. The company is established in

Azelio's unique energy storage now also for solar PV and wind power

In June 2018, Azelio unveiled its energy storage technology, which enables the provision of electricity from renewables around the clock. That technology is based on a thermal energy storage system developed by Azelio, which features a Stirling engine for dispatchable electricity production. The solution is adapted to solar regions and used particularly in areas where the electricity grid is either unstable or entirely lacking. With a new important development Azelio has broadened the range of uses of its unique technology, so that electricity from a wider range of renewable sources can be

Interim report Azelio – A positive first quarter

Press release: 26 April 2019, 07:58 Azelio has started 2019 according to plan. Important elements of this are the preparations for the verification project in Morocco during the fourth quarter of this year, as well as the concretization of the extensive inquiries from potential customers after Azelio's storage technology was demonstrated last summer. During the quarter, Azelio's agreement with Chinese Datang Holdings New Energy Technologies has been extended, a sign that the technology is attractive for the progressive Chinese market. Azelio has also been well received by the World Bank

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