The underlying global demand for energy storage is large and growing rapidly. This is reflected in the partnerships we have, the commercial agreements we have secured, and the positive dialogues we have with customers around the world.

Azelio wins an order for 8 units with 1.3 MWh clean electricity supply of its long duration energy storage, TES.POD®, from South African-based farming company Wee Bee Ltd. The order has a value of approximately 1.2 million US dollars over 15 years including expected price increases. Azelio's TES.POD® system in combination with solar PV will reduce annual CO2 emission by 323 tonnes compared to the grid, as well as securing energy supply around the clock.

Redeye comments on Azelio's Q2 report, which held no surprises. The report came one day after Azelio announced its largest order to date, and all focus is on getting serial production ready by the end of September, which is going according to plan.

Redeye comments on Azelio’s largest order to date, corresponding to 20 TES.PODs for delivery to Engazaat Development (Egypt) in December 2021.