Collaboration of long-term production of energy storage solution
Azelio and AQ Enclosure Systems have signed a letter of intent to collaborate to ensure the long-term production of Azelio’s energy-storage solution. The first units will be assembled in the fourth quarter. Azelio is now taking the next step towards the commercialisation of its solution by ensuring the assembly of the energy-storage system in collaboration with AQ Enclosure Systems.
Increased presence for solar company in Morocco
The year has started for Azelio with continued positive development. In line with the business plan, the global presence has been expanded to Morocco. The development centre 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 industrialisation as planned.
Low cost solar energy storage solution introduced
The solution for low cost solar energy storage from Azelio is based on Stirling Concentrated Solar Power (CSP) with multi-hour Thermal Energy Storage (TES). It can be built in a modular way from small to very large installations with maintained low cost and high efficiency.