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Azelio appoints new CEO

Jonas Wallmander has been appointed as new CEO of Azelio, replacing Jonas Eklind with immediate effect.

Sweden , Jonas-eklind , Jonas-wallmander , Bo-dankis , University-of-technology , Executive-vice-president , Executive-team , Chief-operating-officer , Mechanical-engineering , Azelio , Eo , Onas-wallmander

Azelio has started the production of its energy storage TES.POD

STOCKHOLM, Sept. 22, 2021 /PRNewswire/ -- Production in volume design of Azelio's long-duration energy storage TES.POD has started according to plan. To ensure high quality in both the product

Uddevalla , Vastra-gotalands-lan , Sweden , Dubai , Dubayy , United-arab-emirates , Egypt , Stockholm , Vaggeryd , Jonkopings-lan , Jonas-eklind , Azelio-thermal-energy-storage

Azelio signs conditional order with Engazaat Development S.A.E in Egypt for 20 energy storage units

/PRNewswire/ -- Azelio has received a conditional order from Engazaat Development S.A.E. for 20 of Azelio's TES.POD® renewable energy storage units. The order...

Ministry-of-planning , Al-qahirah , Egypt , Stockholm , Sweden , Gothenburg , Vastra-gotalands-lan , Madrid , Spain , Beijing , China , Uddevalla

How Did The AZLOF Stock Surge In The Last Session, Jumping 17%?

The market value of Azelio AB (OTCPink: AZLOF) increased by 17.44% to $896.87M after closing at $6.45 the previous day. After opening the session at $6.45, Azelio stock price remained unchanged throughout the day against its previous closing price of $5.49. Though there is no recent news to speak of

Sweden , Gothenburg , Vastra-gotalands-lan , Swedish , European-union , Azelio , Zelio-ab , Zelio-ab-stock , Zelio-stock , Zlof-stock , Zlof-stock-price

Azelio's energy storage technology arrives at MBR solar park

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Last week saw the arrival of Azelio’s TES.POD
® on site at the MBR Solar Park in Dubai. With preparations underway for the unit's installation (following a 7500-mile journey that began in Uddevalla, Sweden) the project is proceeding on schedule.
"We are delighted with the progress the team has made so far. The TES.POD arrived last week and everything is now in place for the installation work that will begin shortly. We are on track to hand over this project to our client on schedule and look forward to seeing our solution up and running in this wonderful facility. This has been a large effort from multiple teams in both Sweden and on the ground here in Dubai and we couldn't be happier with how the project is looking at the moment," says Fredrik Lisnell, Delivery Manager at Azelio.

Uddevalla , Vastra-gotalands-lan , Sweden , Dubai , Dubayy , United-arab-emirates , Fredrik-lisnell , Energy-global , Delivery-manager , Azelio , Nergy-storage , Attery-storage

Azelio has completed a directed share issue of approximately SEK 596 million

Azelio has completed a directed share issue of approximately SEK 596 million
STOCKHOLM, March 10, 2021 /PRNewswire/ -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
The Board of Directors of Azelio AB (publ) ("Azelio" or the "Company") has, based on the authorization given by the annual general meeting on 14 May 2020, resolved on a directed issue of 10,638,225 new shares, corresponding to approximately 10 percent of the total number of outstanding shares in the Company, at a subscription price of SEK 56 per share (the "Share Issue"). Through the Share Issue, the Company raises approximately SEK 596 million before transaction costs. The subscription price in the Share Issue has been determined through an accelerated bookbuilding procedure and corresponds to a discount of approximately 4.6 percent compared to the closing price as of 10 March 2021 on Nasdaq First North Growth Market. The Share Issue attracted very strong interest from new reputable Swedish and international institutional investors, along with existing shareholders.

Australia , Japan , United-states , Hong-kong , Stockholm , Sweden , United-kingdom , Singapore , Zeeland , Free-state , South-africa , Gothenburg

Azelio's energy storage receives award

The company’s TES.POD system has been awarded the Solar Impulse Efficient Solution label.

Sweden , Solar-impulse-foundation , Solar-impulse-efficient-solution , North-africa , Azelio , Energy-storage , Clean-energy , Green-energy , Renewable-energy , ஸ்வீடந் , சூரிய-உந்துவிசை-அடித்தளம்

Azelio signs MoU with Svea Solar

The companies will be working together on energy storage and solar photovoltaic projects.

Sweden , Svea-solar , Azelio , Energy-storage , Solar-photovoltaics , Clean-energy , Green-energy , Renewable-energy , ஸ்வீடந் , சிவெஅ-சூரிய , ஆற்றல்-சேமிப்பு