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26th of April 2019
Date created

A positive first quarter for Azelio

Azelio has started 2019 according to plan. Important elements of this are the preparations for the verification project in Morocco during the fourth quarter of this year, as well as the concretization of the extensive inquiries from potential customers after Azelio's storage technology was demonstrated last summer.

During the quarter, Azelio's agreement with Chinese Datang Holdings New Energy Technologies has been extended, a sign that the technology is attractive for the progressive Chinese market. Azelio has also been well received by the World Bank and the European Commission for its sustainable solutions.

Following the end of the period, a MOU was signed with Pakistani JD Aviation on cooperation for reliable and sustainable electricity supply in Pakistan.

More inspiration

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.