February 28th 2020
Azelio’s verification project in Morocco was installed on schedule and began producing electricity at the end of the fourth quarter 2019. Verification data from the installation will be generated from the first quarter of 2020 onwards. This data is important in the work to convert MoUs into commercial orders together with customers.
To prepare for commercialisation and volume production in 2021, a new share issue was completed with preferential rights for existing shareholders. The share issue was oversubscribed and injected SEK 350 million into the company at the beginning of 2020.
For more information, please contact:
Jonas Eklind – CEO of Azelio
Email: jonas.eklind@azelio.com
Tel: +46 70 940 35 80
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.
Azelio
Lindholmsplatsen 1
417 56 Gothenburg
Sweden
Phone: +46 532 100 20
Email: info@azelio.com
© Azelio 2023