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.
Azelio’s disruptive solution will make clean electricity accessible through low-cost energy storage and on-demand distribution. We will make it available for countless industries and communities in large areas of the world that are lacking renewable and reliable solutions today. Since the inception Azelio has raised more than one billion SEK to make this happen. Our objective is to make our concept the most cost competitive of all alternatives on the market. And, we are progressing according to plan.
We stem from a strong heritage of high-tech engineering and have an industrial backbone recognized by both the Swedish state and our renowned and experienced partners. The latter and most recent being Masen (Moroccan Agency for Sustainable Energy) as they are now a prominent part of our R&D, industrialization and business development.
BILLION PEOPLE LACK ACCESS TO ELECTRICITY
AZELIO CAN OFFER CLEAN ELECTRICITY WHERE AND WHEN IT'S NEEDED
OUR SOLUTION IS RELIABLE, EFFICIENT AND COST COMPETITIVE
WE HAVE RENOWNED PARTNERS AND A SOLID BUSINESS PLAN
FINANCING ACCUMULATED SEKM
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