Azelio, ALEC Energy ink deal for renewable energy storage site

“The project could aid sustainable recovery following COVID-19 and advance energy transition around the world”

Azelio, ALEC Energy ink deal for renewable energy storage site
Azelio
Azelio, ALEC Energy ink deal for renewable energy storage site

Sweden-headquartered renewable energy firm Azelio has inked an agreement with ALEC Energy to set up a renewable energy project site in Abu Dhabi’s Masdar City.

The verification project in Abu Dhabi will be installed in Q3 2020, together with Masdar and Khalifa University, to evaluate Azelio’s energy storage technology for inclusion in the Masdar product portfolio for current and future renewable energy projects.

The preparation for Azelio’s energy storage installation in Abu Dhabi is progressing according to plan, the firm confirmed, following the signed agreement with ALEC Energy to prepare and set up the installation site.

ALEC Energy, which is the solar business division of ALEC Engineering and Contracting L.L.C., is part of the Investment Corporation of Dubai.

Azelio and ALEC Energy recently signed a Memorandum of Understanding (MoU) covering a collaboration over 49 MW installed capacity of Azelio’s energy storage until 2025.

Commenting on the agreements, ALEC Energy’s General Manager, James Stewart, said: “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 programme.”

The chief executive officer of Azelio, Jonas Eklind, said: “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.”

The executive director of Sustainable Real Estate at Masdar, Yousef Baselaib, added: “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.”

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