Insights

Distributable Storage Azelio’s 13-hour scalable thermal energy storage targets microgrids and load shifting, presenting a clear opportunity to sell to off-grid, remote, and commercial microgrid projects seeking long-duration storage with cost-effectiveness at smaller install scales.

Tiered Market Fit Initial focus on 0.5–20 MW with expansion to 100 kW to 100 MW suggests a ramping opportunity across small to mid-size projects, enabling phased outreach to utilities, independent power producers, and industrial facilities looking for reliable baseload and solar integration.

Strategic Partnerships Past and ongoing collaborations with regional players and technology partners (Engazaat, Mascara NT, Elum, Energy Northern) indicate receptiveness to channel and integration partnerships that can accelerate sales in new geographies and customer segments.

Cost-Effectiveness Edge Thermal storage solution positioned as cost-effective for smaller installations provides a compelling value proposition for buyers prioritizing reduced capital cost per kWh, resilience, and renewable integration, enabling competitive quotes against traditional storage and diesel back-up.

Market Trends Alignment Growing demand for long-duration storage and microgrid resilience aligns with Azelio’s technology, offering a sales angle to utilities and industrials pursuing reliability, energy security, and decarbonization in distributed energy ecosystems.

Similar companies to Azelio

Azelio Tech Stack

Azelio uses 8 technology products and services including LinkedIn Ads, SAS, Autodesk Inventor, and more. Explore Azelio's tech stack below.

Media & News

Azelio's Email Address Formats

Azelio uses at least 4 email formats:
Azelio Email FormatsExamplePercentage
First.Last@azelio.comJohn.Doe@azelio.com
92%
FirstLast@azelio.comJohnDoe@azelio.com
3%
Last@azelio.comDoe@azelio.com
3%
First.L@azelio.comJohn.D@azelio.com
2%

Frequently Asked Questions

What is Azelio's stock symbol?

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Azelio is a publicly traded company; the company's stock symbol is AZELIO.ST.

What is Azelio's official website and social media links?

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Azelio's official website is azelio.com and has social profiles on LinkedIn.

How much revenue does Azelio generate?

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As of August 2026, Azelio's annual revenue is estimated to be $1M - $10M.

What is Azelio's NAICS code?

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Azelio's NAICS code is 3359 - Other Electrical Equipment and Component Manufacturing.

How many employees does Azelio have currently?

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As of August 2026, Azelio has approximately 25 employees across 2 continents, including Europe and Asia. Key team members include System Owner Sw: M. K., Business Development Director / Marketing Manager: M. M. and Director System Engineering & Projects: C. K. Explore Azelio's employee directory with LeadIQ.

What industry does Azelio belong to?

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Azelio operates in the Renewable Energy Equipment Manufacturing industry.

What technology does Azelio use?

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Azelio's tech stack includes LinkedIn Ads, SAS, Autodesk Inventor, Jenkins, Cookiebot, Salesforce, Redis and IBM SPSS.

What is Azelio's email format?

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Azelio's email format typically follows the pattern of First.Last@azelio.com. Find more Azelio email formats with LeadIQ.

How much funding has Azelio raised to date?

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As of August 2026, Azelio has raised $17M in funding. The last funding round occurred on Nov 07, 2018.

When was Azelio founded?

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Azelio was founded in 2008.
Azelio logo

Azelio

Renewable Energy Equipment ManufacturingVästra Götaland, Sweden11-50 Employees

Azelio is a Swedish producer in the renewable energy equipment sector that offers a thermal energy storage system intended to deliver dispatchable electricity and heat. The storage solution provides about 13 hours of output at nominal power and is scalable, with current applicability for smaller installations where cost efficiency is achievable. The initial target market spans roughly 0.5 to 20 MW, with plans to broaden to a range from 100 kW up to 100 MW to address a segment that lacks affordable, sustainable options today.

The technology supports microgrids, load shifting, distributed baseload, and off-grid solar deployments that require long-duration energy storage. The company is based in Gothenburg, Västra Götaland, and in October 2024 assets from its bankruptcy estate were sold to Texel Energy Storage AB.

Section iconCompany Overview

Website
azelio.com
Stock Symbol
AZELIO.ST
NAICS Code
3359 - Other Electrical Equipment and Component Manufacturing
Founded
2008
Employees
11-50

Section iconFunding & Financials

  • $17M

    Azelio has raised a total of $17M of funding over 3 rounds. Their latest funding round was raised on Nov 07, 2018 as a Venture Round.

  • $1M - $10M

    Azelio's revenue is estimated to be in the range of $1M - $10M

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