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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

  • Q3 2019 Interim ReportNovember 25, 2019
  • Extraordinary General Meeting 2019November 26, 2019

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October 29, 2019

Verification project in Morocco with Azelio’s energy storage system and solar panels opens the way for establishment in new markets

Azelio’s verification project in Morocco, which is currently under construction and is expected to start producing electricity at the end of the year, will use electricity generated by solar PV technology to charge the thermal energy storage solution developed by the company, enabling the production of renewable electricity around the clock. This has become clear since Azelio has reached an agreement with the Moroccan company Jet Energy for the delivery and installation of the solar PV required for the project.

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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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