Hi, and welcome to this company introduction of Azelio. I'm Jonas Eklind, CEO. Azelio has the game changer that facilitates the transformation from fossil fuel to renewable, and to provide distributed base load around the clock. The world is electrifying very fast, and that electricity needs, of course, to be based on renewable energy. We need to transform intermittent renewable energy into dispatchable energy, and for doing that, you need long-duration energy storage. What Azelio does is that we shift clean power from when it's available to when it's needed. To be able to solve this clean power transition, you need a system that provides very cost-efficient, long-duration energy storage with dispatchable and affordable power 24 hours a day. Azelio has a solution for cost-efficient storage of renewable energy that can provide clean energy 24 hours a day, and we can do that in an extremely cost-competitive way that's cheaper than the fossil alternatives and batteries. It's based on a smart and modular solution where you can build small, medium-sized, and of course, also big projects in a very cost-efficient way. Looking into the product itself, we have the game changer, the TES.POD. We can take renewable energy from any source, normally with solar or wind, and we use electricity to drive a electrical heater in our system that charge our TES.POD. We then store the energy as heat. We use electricity, we heat up our storage material, which is a recycled aluminum alloy. We heat up this aluminum to 600 degrees Celsius, and by doing that, we force it into phase change. By combining 600 degrees Celsius, aluminum, and phase change, we have a very cost-efficient way of storing renewable energy. We also have a system that can save this energy to the next day, to the next week, or even to the next month if you need that. We can dispatch this stored thermal energy into our heat engine, the Stirling engine. On demand, we can transform the energy from stored heat into heat driving our Stirling engine. That produces electricity and useful heat at around 55 degrees Celsius to 65 degrees Celsius, and making clean power available on demand 24 hours a day and totally free from emissions and significantly lower cost than lithium-ion batteries and the fossil alternatives. This is a completely new solution that we started to develop in 2016. Today, we hold 16 granted patents around our solution TES.POD. What we do is that we use renewable energy when it's available. That can come direct from a PV field or from wind installation or from the grid. We can store it, and then when the intermittent renewable energy is not available, you can power the application and the end user from our TES.POD. A typical installation is a cluster of several TES.PODs. It's a modular and scalable solution that you can size to almost any type of project. A typical application is where you build a cluster of 20 TES.PODs providing 260 kW of electrical output and a storage capacity for electrical output for 3.3 MWh. You can build a 80 TES.POD cluster providing 1 MW of electrical output and around 13 MWh of energy storage capacity. The most important part for electricity is the cost, and the TES.POD outperforms both diesel and lithium-ion batteries. If you look at a cost as a total cost of ownership, the levelized cost of electricity, where you have the investment, where you have all the OpEx, you have everything you need to build a project, to operate the project. The Azelio system delivers for a solar PV installation 24 hours a day, electricity at EUR 93 per megawatt-hour in 2021. If you look at a battery system in a theoretical project, that will deliver the same electricity for around EUR 135 per megawatt-hour. In a practical installation, this cost will normally be higher, and the normal competitor is actually a diesel generator, and a typical cost for a diesel generator is EUR 225 per megawatt- hour compared with the Azelio EUR 93. On top of that, the Azelio solution is much more environmentally friendly. Looking at the actual production, we have no emissions at all, but from a total footprint, there are of course some CO2 emissions during transport and production of the system itself. The RISE Research Institutes of Sweden made last year a study where they proved that the Azelio solution is 96% cleaner than a diesel generator solution, but also almost 30% cleaner than a lithium-ion battery solution. Looking at our market as it is our modular solution. We can build it in any size. There is a big gap in the market that combines middle-sized projects with real long duration. For very big utility scale projects, especially in regions with very good sun conditions, there are concentrated solar power that can solve that task. For shorter duration where you need a system that provides stored energy for a few hours every day, PV plus battery is a very good solution. For real long-duration energy storage in the size of 100 kW to 100 MW, Azelio has a totally unique position, and this market is vast. One thing that compared to battery is very different is the lifetime and no need for replacement. A TES.POD has a 30-year system lifetime, and there is no degradation. If you compare this to battery system, there will be a constant degradation of the capacity, and there will be a need for replacement of the battery within seven to 10 years. There you have a real advantage for the TES.POD solution, and that's also one of the basic parameters why the TES.POD solution is so much more cost-efficient than a battery solution. There is also one other parameter. I said in the beginning that the solution delivers both electricity and heat. When we compare levelized cost of electricity, the EUR 93 for Azelio solution, the EUR 135 for a battery, and the EUR 225 for a diesel generator, we only compare for the electricity output. The Azelio solution is also a combined heat and power solution, providing useful heat that you cannot get from a battery system, and it's extremely complex to get from a diesel system. By combining electricity and use of heat, and if you calculate the levelized cost of energy, Azelio really outperforms any alternatives. Looking at the product benefits, the main benefit is that we have a very cost-efficient way of storing energy, meaning that we can provide clean energy 24 hours a day at a very low cost. We have no degradation, giving a low cost of ownership during the 30 years. Then you have the total efficiency of the system if you use both electricity and heat up to 90%. This heat can be used as heat, heating buildings, heating water, or heating greenhouses during nighttime. It can also be used for water treatment, like water cleaning or desalination, or it can be used as driving a cooling system. The system provides electricity and cooling. It is very cost efficient, from any project size from 100 kW up to 100 MW. It has a very competitive levelized cost of electricity, levelized cost of energy, and levelized cost of storage. It's actually less than half the cost of the normal competitor, a diesel generator. It's reliable. We have a proven technology that can run 6,000 hours between maintenance. We have been using it for millions of hours, there is no real downtime during service as it's a modular solution. There are other technical advantages that you can charge and discharge without any gap in between. You can even do it at the same time, it's a standardized module and standardized building process for building the products. Very important, it's a sustainable solution. We are using recycled aluminum as a storage media. That's the only material that you use for storage. There are no CO2 emissions at all during operation. As a CO2 footprint, we are considerably lower than both the battery alternatives and the fossil fuel alternatives. Our solution defines as beyond the grid. We redefined how the grid can act. Looking at the northern and southern part of the hemisphere, we can be a system that supports the grid, balance the grid, and supports the transition into renewable energy all hours of the day. In the solar belt, we can be the standalone solution where you have weak grids or pure off-grid locations where our solution can be the solution for base load and renewable energy 24 hours a day. It's an extremely important solution for the global transition from fossil to renewable energy. Looking at some cases, one typical use of our system is in the mining business. There is a need for remote electricity to drive pumping systems, and a lot of this is done today with diesel generators. By changing to solar power 24 hours a day and the Azelio system, you can reduce the CO2 emissions by 75% and the cost by typically 75% in the application remove water from the mine. Another case is our recent commercial project that we secured in Egypt that will be delivered in a few months. Here is sustainable agriculture, where they are farming in the middle of the desert. To do that, you also need water. This water is positioned several hundred meters under the ground, so you need a lot of energy to pump it up and to pump it out in the fields. You also need to desalinate that water because it's slightly salty. To do that with solar energy is of course perfect because it's available, there is a lot of it in the desert, but you need to drive these pumping solutions and desalination solutions around the clock. By then using the Azelio solution, we can save, in this specific project with 20 TES.PODs, 230 cu m³ of diesel annually and more than 600 tons of CO2 emissions. It's both good for the financials of the project and for the environment and the globe. As we are delivering all these benefits, we have seen a vast interest around the world. We have received requests from every continent except for Antarctica. We have signed cooperations with several potential partners around the world. If you summarize these projects that our partners have indicated that they want to build with the Azelio solution, that summarizes to 5.6 GWh from today to 2035, and a potential sales value for us on more than $2 billion. We have also started our commercial journey. We have signed our first commercial project and delivered that to Dubai. It's a small project, but into a very big project, the MBR Solar Park in Dubai. We have also signed our second commercial order for a two TES.POD delivery to a Swedish customer that owns an industry. That industry has solar PV on the roof delivered by our MOU partner, Svea Solar. To utilize that installation more, they now use the Azelio TES.POD to store the energy to provide solar energy also during nighttime. That installation is also combined with use of the heat output. Then we have our third commercial project in Egypt, where we within some months will deliver 20 TES.POD units for this sustainable agriculture application. Summarizing Azelio as a company. We have been around for several years. Before, we used our Stirling engine for transforming biogas to electricity and heat, and started in 2016 to develop the solution for long-duration energy storage. We have our head office in Gothenburg, we have assembly and testing in Åmål, we have our manufacturing plant in Uddevalla, and we have sales team in Stockholm, Beijing, Morocco, and Spain. We also have people in South Africa and Australia. We are a global company, and we are right in the beginning of our commercial and industrial journey. This long-duration energy storage solution, the TES.POD, we presented to the market in June 2018. We initiated verification in December 2019, and we received the verification result in October 2020. We have signed these three commercial orders, and actually, we started our volume production now on September 22nd. The goal for this year is to deliver one to two projects on eight TES.PODs or more. During next year, we have the ramp-up, both on order intake and capacity in our supply chain and in our assembly to start to ship high volumes of the TES.POD during 2022. If we summarize Azelio and our key highlights, we have a solution that's modular and scalable. It's cost-competitive and outperforms the alternatives in any project between 100 kW and 100 MW. We have a total efficiency of 90% if you use both electricity and heat. The lifetime of the system is 30 years, no degradation in capacity. It's both more sustainable and affordable than a solution based on lithium-ion batteries. We have this vast global interest. We have signed MOUs with potential projects for our technology to a total value of more than $2 billion. We have started volume production. We have started commercial deliveries, and very soon we will start larger commercial deliveries as well. That's Azelio, moving renewable energy from when it's available to when it's needed. Thank you for listening.