Azelio wins commercial order in Sweden for its energy storage TES.POD®
Azelio has secured a domestic order for two TES.POD units from Industrisupport i Åmål AB in Sweden. The TES.POD will utilize excess energy from a 446 kW rooftop solar PV system, supplying electricity and heating on demand. This project enhances renewable energy usage by 24%, reducing CO2 emissions by 168 tonnes annually. It marks Azelio's first commercial venture in Sweden, showcasing the practical viability of its energy storage solution alongside existing solar installations. The project highlights a strategic collaboration with Svea Solar, Sweden's largest solar PV installer.
- Secured first commercial project in the Swedish market.
- Increases renewable energy usage by 24%.
- Reduces CO2 emissions by 168 tonnes annually.
- Selected over li-ion battery alternatives, underscoring competitive edge.
- None.
STOCKHOLM, March 29, 2021 /PRNewswire/ -- Azelio wins domestic order for two of its TES.POD units from Swedish-based Industrisupport i Åmål AB. Azelio's TES.POD will store surplus energy from a 446 kW rooftop solar PV system and supply electricity and heat from the storage, on demand around-the-clock. With this installation, Azelio's storage units will increase the share of renewable energy supply by
This order is of strategic importance, being Azelio's first commercial project in the Swedish market. The order for two TES.POD units is placed on commercial terms, with Azelio's energy storage solution selected ahead of li-ion battery alternatives. The system will combine the TES.POD with solar PV already installed by Svea Solar - Sweden's largest solar PV installer and current collaborator with Azelio for joint projects. Azelio's TES.POD will better utilize the renewable energy produced by handling energy shifting for renewable baseload power in the system, as well as provide Industrisupport i Åmål AB with heat that will also reduce their dependency on the local heating network.
"This is a milestone of strategic importance for Azelio. We have already initiated a commercial project in Dubai. This order shows the versatility of our storage solution and proves the commercial viability also in the Northern part of Europe", says Jonas Eklind, CEO of Azelio.
Industrisupport i Åmål AB owns an industry hotel of 22 000 m2 where premises are rented out to industrial customers. The operation of the storage units will be handled by Azelio during the first 3 years of operation.
"Given our extensive energy demands we are ambitious to use energy more economically and with a less negative impact on the environment. We have already installed solar PV and are now looking forward to expanding our use of renewable energy and strengthening our sustainability profile with Azelio's energy storage", says Jimmie Karlsson at Industrisupport in Åmål AB.
This disclosure contains information that Azelio AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29 March 08:30 CET, 2021.
For further information, contact
Jonas Eklind - CEO
Email: jonas.eklind@azelio.com
Tel: +46 709 40 35 80
Ralf Wiesenberg - VP Business Development
Email: ralf.wiesenberg@azelio.com
Tel: +34 699 30 86 36
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SOURCE Azelio
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