January 25th 2021

Azelio and Svea Solar sign MoU for joint projects using energy storage coupled to solar PV

Svea Solar is Sweden’s largest solar PV installer. In support of expanding its business offerings into the energy storage segment in Sweden in particular and Europe in general, a collaboration is initiated with Azelio, as a developer of long-duration energy storage.

Azelio’s storage solution, TES.POD®, stores renewable energy in recycled aluminium. The energy can be dispatched on demand as electricity and heat during the dark hours and at times during the day when direct production is not sufficient.

“I am proud to initiate this collaboration and glad that Svea Solar wants to address the energy storage segment together with Azelio. Our solutions complement each other perfectly, extending the use of renewable energy for all hours of the day,” says Jonas Eklind, CEO of Azelio.

“Svea Solar is leading the power shift towards renewable solar energy in the Nordics. Together with Azelio we will proudly offer a superior long-duration storage solution. This is yet another great step towards sustainable living through innovation for customers across Europe, says Erik Martinson CEO of SVEA Solar.”

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.

www.azelio.com is using green hosting

Contact information

Azelio
Lindholmsplatsen 1
417 56 Gothenburg
Sweden

Phone: +46 532 100 20

Email: info@azelio.com

© Azelio 2022