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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

Calendar

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January 13, 2020

Azelio signs MoU for energy storage project in Jordan

Azelio has agreed on a Memorandum of Understanding (MoU) with the Jordanian company Hussein Atieh & Sons Co. (HAE), to work together on setting up a small-scale project in Jordan. The project paves the way for a commercial collaboration of about 25 MWe of Azelio’s energy storage technology in the Jordanian market until 2023. This capacity is forecasted along the following timeline: 50 kWe in 2020, 3 MWe in 2021, 7 MW  in 2022 and 15 MWe in 2023.

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Corporate Achievements

FINANCING ACCUMULATED SEKM

2008
0 MSEKAccumulated SEKM in financing
Incorporation of Cleanergy AB.
2009
29 MSEKAccumulated SEKM in financing
Conditional loan from Swedish Energy Authority for technology development.
2010
92 MSEKAccumulated SEKM in financing
Recruitment of key engineering competence from Nordic automotive cluster.
2011
201 MSEKAccumulated SEKM in financing
Technology competence center, Åmål, operational.
2012
273 MSEKAccumulated SEKM in financing
1st CSP demo plant installed, in Ordos, Inner Mongolia, China.
2013
361 MSEKAccumulated SEKM in financing
State-of-the-art engine production line acquired from a large Swedish automotive company in Uddevalla (SE).
2014
435 MSEKAccumulated SEKM in financing
Strategic partnership with Albright Stonebridge Group.
Nationwide CHP distribution channel established in the US.
2015
631 MSEKAccumulated SEKM in financing
2nd CSP demo plant commissioned in Dubai (installed in 2014).
2016
717 MSEKAccumulated SEKM in financing
Cooperation agreement with Masen, Morocco.
Pilot installation in Morocco.
2017
922 MSEKAccumulated SEKM in financing
Development of TES solution.
Signed agreement with Datang.
Patent applications for TES solution.
2018
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

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© Azelio 2018
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