February 18th 2019
Azelio continues to advance towards a commercial breakthrough, strengthened by a positive 2018 that awoke a vast global interest for Azelio’s unique energy storage technology with sustainable electricity generation. In 2019, a strict focus is aimed on the next important milestone of the company’s industrialisation. Together with its strategic partner, Moroccan state-controlled, Masen (Moroccan Agency for Sustainable Energy), a full-scale verification project will be built in Morocco by the end of the year. In order to take this step in the development towards a global commercialization Azelio has expanded with qualified competencies over the past six months according to business plan. The 61 employees at the beginning of summer in 2018 have been reinforced with an additional 31 employees. The development centre in Åmål is expanding with additional test facilities for verification purposes in preparation for future market installations. The global presence has also increased with an office in Morocco, in order to work closely together with Masen and Moroccan suppliers. Azelio has since previously, in addition to its operations in Sweden, an office in China.
“We have an eventful and positive year behind us, and now we are fully focused on taking the next important steps in fulfilling the goals in our business plan. We have a great interest from potential customers as well as suppliers and partners, and above all, we are proud that so many qualified people are joining us”, says Jonas Eklind, CEO.
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
© Azelio 2022