May 11th 2021
The commercialisation of the energy storage system continued in the first quarter with an order in Sweden for two energy storage units to store surplus energy from a 446 kW solar PV system on a larger industrial building and make the solar energy available around-the-clock as electricity and heat. The units will improve the productivity of the system installed, reduce dependency on the local heating network, and increase the customer’s use of renewable energy by 24%, which will also reduce CO2 emissions by 168 tonnes per year.
For further information, please contact:
Jonas Eklind – CEO
Tel: +46 709 40 35 80
Fredrik Wäppling – CFO
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 11 May 08:00 CET, 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.
417 56 Gothenburg
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