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The shareholders in Azelio AB (publ), reg.no. 556714-7607, with its registered office in Gothenburg, are hereby summoned to an annual general meeting to be held on 12 May 2022.
The Board of Directors of Azelio AB has appointed Jonas Wallmander as its new Chief Executive Officer. Jonas Wallmander joined Azelio in 2011 and has been Executive Vice President and part of the Executive Team since 2017. He assumes his new position with immediate effect, replacing Jonas Eklind.
Gothenburg, Sweden and Baton Rouge, LA - Azelio AB (AZELIO.ST), a Swedish cleantech company, today announced that it will install a U.S. certification project for its TES.POD product, a long-duration energy storage solution.
Until this point, the progress of signing firm deals has been below our expectations and we expect to make significant downward estimate revisions for the coming years.
Redeye comments on this morning’s press release from Azelio, where it was communicated that leading international certification body DNV validates Azelio’s TES.POD.
Shipments of Azelio's energy storage system TES.POD® are carried through during December to installations in Masdar City, Abu Dhabi, and Coligny, Northwest Province, South Africa. The project in Masdar will receive additional TES.POD modules and deliveries will be initiated to South African-based farming company Wee Bee Ltd.
Redeye comments on Azelio’s Q3 report which held no surprises, as expected.
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.
Redeye comments on today order received from South African farming company Wee Bee. The order is for 8 TES.PODs for a total order value of SEK 11m over 15 years.