TEXEL Acquires Thermal Energy Technologies from Former Nasdaq-Listed AZELIO
TEXEL Energy AB (“TEXEL”), a world leader in thermal energy-to-electricity technology, has today announced the acquisition of all Stirling engine releated assets to the “Gas-Box” development from former Nasdaq-listed Azelio AB. This strategic acquisition further strengthens TEXEL’s position in converting various heat sources into electricity.In addition to the Stirling engine technology, TEXEL has also acquired the full developed thermal energy storage technology from Azelio, broadening the company's technological portfolio. Azelio has been investing aproximatly $400 million in R&D over the