February 21st 2022

Response to article in Dagens Industri 2022-02-21

What we communicated when we received the project in Sweden together with the Swedish Energy Agency was that it would be implemented in 2021 and 2022. The project started as planned in the summer of 2021 with an analysis phase. When reviewing the analysis for the project with the Swedish Energy Agency and the need from the user, the demonstration has been set to take place during the summer months of 2022 to operate systems with renewable electricity from our system and dry crops with stored solar energy from our system. The drying process today uses fossil fuels.

We have a broad and good collaboration with the Swedish Energy Agency where we apply for several projects. In the case of Mexico, a validation report was required to be attached to the application, which according to the contract we have with DNV, we are not allowed to share publicly and where the Swedish Energy Agency has not been able to ensure confidentiality. We then withdrew our application at an early stage. This has not affected the company’s commercialisation as other projects have been implemented.

We have installed over 100 commercial projects with our Stirling engine in projects with biogas since the company was started in 2008. Our current solution where the Stirling engine is connected to an energy storage has been validated by DNV, where validation data published here: Azelio_WhitePaper_TESPOD_Performance_Validationpdf 
Commercial projects have been delivered and installed in Sweden and Dubai, and projects in South Africa and Egypt are under delivery and preparation for delivery.

We do not share the view that the system is not competitive. The system produces electricity and heat around the clock with up to 90% efficiency, and we have clearly described the value of our solution for our commercial projects and the cost in relation to, for example, diesel, where we produce electricity at less than half the cost. Other technologies such as flow batteries and hydrogen have different uses and are not competing technologies. More about the market for long-duration energy storage can be read here: https://www.ldescouncil.com/insights

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

© Azelio 2022