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Azelio signs order in South Africa for 8 units of its renewable energy storage TES.POD[®]

Azelio wins an order for 8 units with 1.3 MWh clean electricity supply of its long duration energy storage, TES.POD®, from South African-based farming company Wee Bee Ltd. The order has a value of approximately 1.2 million US dollars over 15 years including expected price increases. Azelio’s TES.POD® system in combination with solar PV will reduce annual CO2 emission by 323 tonnes compared to the grid, as well as securing energy supply around the clock. The system is planned for delivery by end of 2021 and the installation start up and commissioning will be carried out by Azelio in

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 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 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

Azelio news update - Azelio’s verification project in Abu Dhabi is taking shape as the TES.POD[®] arrives on site

The installation of Azelio’s energy storage solution, the TES.POD®, at Masdar City in Abu Dhabi is getting ready. The site has been prepared since early fall and the storage units have now arrived.The site forms part of the Masdar Institute Solar Platform, often referred to as MISP, and is being developed in partnership with Masdar (Abu Dhabi Future Energy Company) and Khalifa University. It is being prepared in collaboration with ALEC Energy. “We are on the ground in Abu Dhabi, working together with ALEC Energy to get the site ready. We all look very much forward to start the system

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 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 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 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

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

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