Azelio and ALEC Energy to build verification project in Abu Dhabi in Q3 2020
Installation is to evaluate Azelio’s energy storage tech for inclusion in the Masdar product portfolio for current and future renewable energy projects
Azelio, a Swedish company specialising in thermal energy storage with dispatchable power, has announced that it will install a verification project in Abu Dhabi in Q3 2020, together with Masdar and Khalifa University.
In a statement, Azelio said that 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.
An agreement has now been signed with ALEC Energy to set up the Azelio project site in Masdar city, Abu Dhabi. The Swedish firm said that preparation for the energy storage installation is progressing according to plan, with the project reaching an important milestone with a signed agreement with ALEC Energy to prepare and setup the installation site.
ALEC Energy is the solar business division of ALEC Engineering and Contracting, which is part of the Investment Corporation of Dubai. Azelio and ALEC Energy also recently signed a Memorandum of Understanding, covering a collaboration over 49MW installed capacity of Azelio’s energy storage until 2025.
James Stewart, ALEC Energy’s general manager, commented: “We are very excited about this solar storage collaboration with Azelio and are working on a number of other identified regional opportunities to introduce this innovative storage solution for larger schemes as the Azelio product moves through its structured development program.”
“We are happy to progress in our collaboration with ALEC Energy. This agreement is an important milestone for the project in Masdar City together with Masdar and Khalifa University and will ensure a high-quality installation,” added Jonas Eklind CEO of Azelio.
“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,” concluded Yousef Baselaib, executive director of Sustainable Real Estate at Masdar.
