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August 21, 2019
During the quarter the company announced a solution that allows its energy storage to also be charged using electricity, an important innovation beyond the stated plan. This broadens the uses of Azelio’s technology to include both solar and wind power, and also to more geographies.
Azelio’s CEO, Jonas Eklind, was awarded Mission Innovation Champion for Sweden.
An agreement has been signed with a sales agent for selling Azelio’s technology to deliver sustainable electricity to hospitals in Africa. In Pakistan, in the presence of Sweden's ambassador, a Memorandum of Understanding on reliable electricity supply in the country was signed. Dialogues have been initiated with the World Bank and UNHCR, among others.
In general, there is growing awareness of the need for substantial global expansion of micro grid systems for reliable baseload, not least as an alternative to today’s expensive and dirty diesel. This is attracting increased attention to Azelio’s unique sustainable and cost-effective technology.
June 18, 2019
May 17, 2019
April 26, 2019
February 28, 2019
2018 was a positive and eventful year for Azelio. The demonstration of the Company’s proprietary energy storage technology attracted attention from around the world, resulting in enquiries from potential customers in over 50 countries. The Company’s development and industrialization is continuing according to plan towards a full-scale verification project later this year, smaller commercial projects next year followed by a ramp up in volumes. In the fourth quarter Azelio was listed on Nasdaq First North. With the listing, the company brought in 242 million SEK before transaction costs and 2,200 new shareholders, including several strong and long-term institutions.
December 10, 2018
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Press release December 10, 2018