February 26th 2021
In the fourth quarter, Azelio also signed an MoU with JET Energy for energy storage of 45 MW in francophone Africa, and in January with SVEA Solar for 8 MW in Sweden. Accordingly, Azelio has signed MoUs for a total of more than 426 MW, corresponding to a storage capacity of 5.4 GWh, thus providing a solid base from which to build on ahead of the start of series production scheduled for Q3 2021.
Another major milestone in Azelio’s commercialisation was reached in the fourth quarter when the performance of the company’s energy storage system could be verified in accordance with the specification of 13 kW output power with a storage capacity corresponding to 13 hours of electricity production. The verification is important to commercialisation and making projects with Azelio’s technology bankable. The protection of the company’s technology was strengthened in the quarter when Azelio was granted four new patents. Azelio’s technology thus has 13 approved patents, and another 15 patent applications pending.
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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