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The future is bright

Azelio has the conviction that the future can be powered by solar energy. We intend to make renewable and clean electricity a majority in the global energy mix – in a reliable, efficient and cost competitive way.

Annual Report 2018

"Azelio looks forward to an increasingly close commercial breakthrough" 

- CEO Jonas Eklind

Annual Report 2018 website

Upcoming events

  • Year-end report for the period 1 January – 31 December 2019February 28, 2020
  • Annual report 2019April 16, 2020
  • Interim report for the period 1 January – 31 March 2020May 13, 2020
  • Annual general meeting 2020May 14, 2020
  • Interim report for the period 1 January – 30 June 2020August 22, 2020
  • Interim report for the period 1 January – 30 September 2020November 20, 2020

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Corporate Achievements


0 MSEKAccumulated SEKM in financing
Incorporation of Cleanergy AB.
29 MSEKAccumulated SEKM in financing
Conditional loan from Swedish Energy Authority for technology development.
92 MSEKAccumulated SEKM in financing
Recruitment of key engineering competence from Nordic automotive cluster.
201 MSEKAccumulated SEKM in financing
Technology competence center, Åmål, operational.
273 MSEKAccumulated SEKM in financing
1st CSP demo plant installed, in Ordos, Inner Mongolia, China.
361 MSEKAccumulated SEKM in financing
State-of-the-art engine production line acquired from a large Swedish automotive company in Uddevalla (SE).
435 MSEKAccumulated SEKM in financing
Strategic partnership with Albright Stonebridge Group.
Nationwide CHP distribution channel established in the US.
631 MSEKAccumulated SEKM in financing
2nd CSP demo plant commissioned in Dubai (installed in 2014).
717 MSEKAccumulated SEKM in financing
Cooperation agreement with Masen, Morocco.
Pilot installation in Morocco.
922 MSEKAccumulated SEKM in financing
Development of TES solution.
Signed agreement with Datang.
Patent applications for TES solution.
1063 MSEKAccumulated SEKM in financing
Successful test runs of sub-systems of TES demonstrator.
Development agreement with Masen, for TES commercialization.
Joint development agreement with Masdar for TES solutions.
Secured 100 MSEK in substantial oversubscribed private placement