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Azelio
Renewable power when and where it is needed through a unique thermal storage with dispatchable electricity production
About Azelio
Azelio is a Swedish company revolutionizing the renewable energy sector with its innovative energy storage solutions. The company has developed the TES.POD, a system that stores renewable energy, such as wind or solar power, and provides up to 13 hours of clean, affordable electricity. This addresses one of the biggest challenges in renewable energy: how to store energy reliably and cost-effectively.
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Azelio's TES.POD combines advanced storage design with proven power production technology, enabling continuous, around-the-clock clean power. The company primarily serves clients in the energy sector, including utility companies and industrial clients, across various regions such as North America, Africa, and the Middle East.
Azelio operates in the renewable energy market, focusing on distributed and dispatchable solar electricity. Distributed energy means generating electricity close to where it will be used rather than at a large, central plant. Dispatchable energy refers to power sources that can be turned on or off as needed.
The business model of Azelio involves partnering with other companies to deploy its TES.POD systems. For example, in Zambia, Azelio has partnered with ND Power for a 7.5 MW project, and in the USA, it has teamed up with Trimark for a 45 MW project. These partnerships help Azelio expand its market reach and implement its technology on a larger scale.
Azelio makes money by selling its TES.POD systems and through collaborations with other companies for joint energy storage projects. These collaborations often involve large-scale installations that generate significant revenue.
In summary, Azelio is a forward-thinking company providing innovative energy storage solutions that make renewable energy more reliable and accessible. Its focus on partnerships and large-scale projects positions it well in the growing renewable energy market.
At a glance
- Founded
- 2008
- Headquarters
- Göteborgs Stad, Sweden
- Sector
- Energy
Latest news
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
European Innovation Council
Source: Dealroom Talent Intelligence.
Global footprint
team presence
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