Analysis

Increased presence for solar company in Morocco

18th February 2019
Alex Lynn

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.

Azelio claims to continue to advance towards a commercial breakthrough, strengthened by a positive 2018 that awoke interest for Azelio's 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 commercialisation 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.

“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”, said Jonas Eklind, CEO.

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