Azelio, Swedish company specialising in thermal energy storage with dispatchable power, has signed an agreement with ALEC Energy to set up renewable energy storage site in Masdar City
Azelio will install a verification project in Abu Dhabi in Q3 2020 together with Masdar and Khalifa University. The purpose of the installation is to evaluate Azelio?s energy storage technology for inclusion in the Masdar product portfolio for current and future renewable energy projects.
The project has reached an important milestone in a signed agreement with ALEC Energy to prepare and set up the installation site. ALEC Energy is the award-winning solar business division of ALEC Engineering and Contracting LLC, part of the Investment Corporation of Dubai. Besides, Azelio and ALEC Energy have signed an MoU, covering a collaboration over 49MW installed capacity of Azelio?s energy storage until 2025.
James Stewart, ALEC Energy?s general manager, commented that the two companies are working on a number of other identified regional opportunities to introduce this storage solution for larger schemes and development programmes.
?As Abu Dhabi?s home of innovation and R&D, Masdar City is proud to be the location for this pilot project that has the potential to improve battery storage capability for renewable energy projects. The success of this project could help aid a sustainable recovery following the COVID-19 pandemic and advance the energy transition around the world,? said Yousef Baselaib, executive director of sustainable real estate at Masdar.
