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Azelio
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Short description

Provider of energy solutions based on Stirling engine technology, which also integrates a thermal storage system

Founded in 2008
Founded in

Company type Public Public (STO:AZELIO)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Sweden Göteborg, Sweden
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Updated by Cleantech Group on 04/27/2023

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Date Company
Partnerships
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Date Partner Type
09/03/2020
Atria Power Corporation Atria Power Corporation
Azelio and India's Atria Power have signed a Memorandum of Understanding to collaborate on installing over 65 MW capacity of Azelio's energy storage until 2025 in India. The agreement is Azelio's first in the country, a market with significant potential for renewable energy solutions in off-grid areas.
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Confirmed by Atria Power Corporation
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Investment Rounds
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IPO INFORMATION

Date

12/07/2018

IPO status

Listed

IPO Type

IPO

Amount

Initial shares

Ticker symbol

STO:AZELIO

Exchange listed

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Prospectus

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Source

Description

Date Investors Type Amount
11/07/2018 (0)
Post-money valuation of
Funding from the exercise of warrants issued in 2017.
Series A $5,430,000
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