August 20th 2021
Preparations for the start of production at the end of September are progressing as planned and include securing the supply chain as well as the design and fine tuning of numerous new processes. In addition, a memorandum of understanding (MOU) was signed with US-based MMR Constructors, with the aim of developing projects combining Azelio’s long-duration energy storage, TES.POD, with solar PV to thereby supply customers with renewable energy around-the-clock. Azelio has thus entered 15 MOUs and has two extensive collaborations in place with Abu Dhabi-based Masdar and Morocco-based Masen.
In addition to the company's two commercial contracts for one and two storage units, respectively, in August Azelio received a conditional order from Engazaat Development S.A.E. on 20 units of Azelio's renewable energy warehouse, TES.POD®.
The ongoing pandemic is creating challenges worldwide, also for Azelio. Challenges related to suppliers and business partners but also for our business development, where restrictions make project specifications and assessments more difficult and time-consuming.
Events after the end of period
Net sales amounted to kSEK 726 (458)
For more information, please contact
Jonas Eklind – CEO
Email: jonas.eklind@azelio.com
Tel: +46 709 40 35 80
Fredrik Wäppling – CFO
Email: fredrik.wappling@azelio.com
Tel: +46 709 91 12 34
This disclosure contains information that Azelio AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20 August 08:00 CEST, 2021.
Azelio is a Swedish cleantech company. We have developed an ingenious long duration energy storage technology, providing dispatchable electricity and usable heat for all hours of the day – with zero emissions and at a very competitive cost.
Azelio
Lindholmsplatsen 1
417 56 Gothenburg
Sweden
Email: info@azelio.com
© Azelio 2024