A Memorandum of Understanding (MoU) is signed between Azelio and MMR Constructors (MMR) with the intention to develop projects combining Azelio's long-duration energy storage, TES.POD[®], with solar PV to supply customer with renewable energy around-the-clock. The collaboration aims at an installed capacity of 250 MWh of Azelio's TES.POD[®] by 2027, starting with a small scale installation in 2022.  

As a selected member of the Accelerator programs for India (ISIA) and Indonesia (BAPI), Azelio is given a unique opportunity to establish partnerships and grow in two of the world's most attractive markets for renewable energy. The programs will run over 18 to 24 months (2021 - 2022) and aims to facilitate business opportunities through custom-made delegation trips, individual meeting arrangements, business development support, and local marketing and communication.

Redeye updates its near- and long-term estimates and illustrates the market potential for Azelio by looking at the African market.

At the annual general meeting in Azelio AB (publ) the shareholders resolved upon the following:

Approval of the financial statements of 2020 and discharge from liability

The annual general meeting approved the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the financial year 2020, and the members of the board and the managing director was discharged from liability for the financial year 2020.

Allocation of profit or loss