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16th of April 2020

Azelio publishes annual report for 2019

Azelio’s annual report for 2019 has today been published on the company’s website and is available here:

To avoid printed copies we recommend reading the annual report digitally.  


For further information, please contact

Jonas Eklind – CEO                                      Kennet Lundberg - CFO
Email:                   Email:
Tel: +46 709 40 35 80                                   Tel: +46 705 24 47 79


About Azelio

Azelio is a public Swedish company specialising in thermal energy storage with dispatchable and low-cost Stirling-based electricity and heat production. The technology is revolutionary for its unique capability to produce electricity and heat from the storage at 13 hours on nominal power. The system stores energy in recycled aluminium and has a total efficiency of up to 90 % from energy to heat and electricity. It is scalable and cost-efficient from 0,1 MW up to 100 MW and the storage suffers no reduced capacity over time. Azelio has over 150 employees, is headquartered in Gothenburg with production facilities in Uddevalla, development centres in Gothenburg and Åmål, as well as a presence in Stockholm, Beijing, Madrid, and Morocco. Since its establishment in 2008, the company has invested over SEK 1,5 billion in technical development. Azelio is listed on Nasdaq Stockholm First North. FNCA Sweden AB is the company’s certified adviser: +46(0)8-528 00 399,