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Using a recycled aluminium alloy to store the heat from the day’s sunshine allows the MISP to produce electricity 24/7 The world is moving continuously towards using sources of energy that are more sustainable than the fossil fuels on which we predominantly rely today. Solar power is one of the most promising renewable energy …
One of the world’s biggest solar parks in Dubai has hired Azelio AB to turn desert heat into electricity after sundown. Azelio’s technology is being used on Phase 4, a project jointly owned by Dubai Electricity & Water Authority, Saudi Arabia’s Acwa Power and Chinese state-owned Silk Road Fund. The Swedish company will provide energy …
Continue reading “Desert Heat Will Help Keep Lights On in Dubai After Sundown”
Swedish thermal energy storage developer Azelio on Monday outlined plans to deploy about 25 MW of its systems in Jordan through 2023 under a newly agreed commercial collaboration. The company said it has agreed on a memorandum of understanding (MoU) with local general contracting firm Hussein Atieh & Sons Co (HAE) to team up on …
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Azelio’s verification project in Morocco has been completed and the first electricity has been produced according to plan: that is, by the end of the year. The verification of Azelio’s solution for the storage and production of sustainable electricity on demand around the clock, is a significant step in the industrialisation of the company. During …
Azelio has signed a Memorandum of Understanding (MoU) with the Swedish company Nordic Distributed Power AB (ND Power) for a small-scale project in Zambia. The installation will operate under real-world commercial terms and serve as a model for ND Power’s future installations in the Southern African region. The initial project is a plant of 50 …
Continue reading “Azelio Sets up Concentrated Solar Power Project in Zambia”
Swedish solar energy company Azelio has partnered with Abu Dhabi Future Energy Company (‘Masdar’) and Khalifa University of Science and Technology to run a pilot project evaluating new technology in power storage. An agreement to formalize the partnership was signed today by Jonas Eklind, Chief Executive Officer, Azelio, Abdulla Balalaa, Director, Real Estate Development and …
In addition to the planned verification in Morocco at the end of 2019, Azelio is now initiating a collaboration with the Swedish Glava Energy Center (glavaenergycenter.se) for verification of its technology also in Sweden. The collaboration enables tests close to the company’s development and in system together with other renewable technologies and different grid configurations. …
Azelio signs a Memorandum of Understanding (MOU) with the Pakistani company JD Aviation for reliable and sustainable electricity supply in Pakistan. The MOU is a first step in introducing the technology to the market in Pakistan. A market characterized by an unreliable electricity grid and good solar conditions, where long-term energy storage with cost-effective electricity …
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Azelio has started the year with continued positive development. In line with the business plan, the global presence has been expanded with presence in Morocco. The development center in Åmål in Sweden has expanded its testing facilities for product verification. The company has also been reinforced with increased qualified expertise to progress the industrialization as …
Continue reading “Concentrated Solar Power company Azelio progress with presence in Morocco”
Azelio AB (publ) (”Azelio” or the ”Company”), announces that the trading in the Company’s share on Nasdaq First North commences today under the short name “AZELIO” with ISIN SE0011973940. Prior to the listing, Azelio has completed a share issue that provided the Company with approximately 2,200 new shareholders and minimum proceeds of SEK 242 million …
Continue reading “Trading in Azelio’s share on Nasdaq First North commences today”