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3rd of June 2019
Date created

Azelio presents its energy storage technology to the World Bank and IFC in Washington

Azelio was on Friday (31/5) at the World Bank and IFC (International Financial Corporation, part of the World Bank Group) in Washington to present its unique energy storage technology with sustainable electricity production around the clock. The World Bank has recently announced major investments in energy storage to strengthen existing and planned installations for solar and wind energy, especially in developing countries where large parts of the population lack access to an electricity grid.

In February this year, Azelio was invited by the World Bank to a strategy conference in South Africa to discuss solutions for increased access to renewable energy. As a result of the conference, Azelio now presented its solution to financial and technical specialists at the World Bank in Washington.

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12th of November 2019

Video interview with CEO Jonas Eklind

Azelio recently announced a rights issue that will amount to a maximum of SEK 350 million. CEO Jonas Eklind talks to Redeye’s analyst about what the funding will be used for, opportunities he sees in the market and a bit about the projects the company is working on. (in Swedish)

12th of November 2019

IAE highlights Africa’s role in shaping global energy trends

The International Energy Agency (IEA) highlights Africa’s role in shaping global energy trends in its Africa Energy Outlook 2019, https://www.iea.org/africa2019/. The report concludes that Africa in 2040 could meet the energy demands of an economy four times larger than today’s with only 50% more energy. Better access to energy will be key in achieving growth but it requires investments. If policy makers put a strong emphasis on clean energy technologies solar PV could become the continent’s largest electricity source in terms of installed capacity by 2040.