November 15th 2018

Lars Thunell is nominated to Azelio’s Board of Directors

Azelio goes from a phase of development to industrialization of its offer. At this stage, a strengthening is proposed to Azelio’s Board of Directors through the nomination of Lars Thunell. A formal decision of the position, supported by the majority of the owners, is taken at a forthcoming extraordinary general meeting.

Lars Thunell is today a private investor and Chairman of Flexenclosure AB and EcoDataCenter AB. He was former CEO of IFC, a part of the World Bank with the task of reducing poverty and encourage development by providing capital to the private sector. Prior to that, Lars Thunell was CEO of SEB and has previously held leading positions in ABB and American Express. With Lars Thunell, Azelio is given valuable experience and knowledge to strengthen its offering in its core areas, power and finance.

“We are focusing on becoming an industrial company on the global energy market that is undergoing major change. For us, it is both about adding value to the market through a competitive product and to create attractive financing solutions for our customers through collaborations with financial players. Within these areas, the experience from Lars Thunell is very valuable to Azelio’s development, “says Jonas Eklind, CEO of Azelio.

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.

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Contact information

Azelio
Lindholmsplatsen 1
417 56 Gothenburg
Sweden

Phone: +46 532 100 20

Email: info@azelio.com

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