May 15th 2020

Azelio appoints new CFO

Fredrik Wäppling will join Azelio’s Executive Management Team and replaces current CFO Kennet Lundberg, who will continue to hold assignments within Azelio. The replacement will be effective from June 1, 2020. Fredrik has previously held leading roles in finance and has run projects in financing and capital raising at the Allgon Group, iZettle, Mycronic, Bravida and Preem, among others.

“With solid experience from both established companies and companies in rapid growth, Fredrik adds valuable knowledge to Azelio’s commercialisation,” says Jonas Eklind, CEO of Azelio.

For more information, contact
Jonas Eklind – CEO at Azelio
Email: jonas.eklind@azelio.com
Tel: +46 709 40 35 80

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, info@fnca.se. More about Azelio: www.azelio.com

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