Sweden’s Azelio, announced in a statement that, it has signed an agreement with UAE-based ALEC Energy to set up a renewable energy storage site at Masdar city in Abu Dhabi.
ALEC Energy is the award-winning solar business division of ALEC Engineering and Contracting, and a part of the Investment Corporation of Dubai.
Azelio and ALEC Energy recently signed a MoU, covering a collaboration over 49 MW installed capacity of Azelio’s energy storage until 2025.
The verification project will be established during the third quarter in partnership 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 preparation for Azelio’s energy storage installation in Abu Dhabi is progressing according to plan. The project has reached an important milestone in a signed agreement with ALEC Energy to prepare and set up the installation site.
The storage technology developed by Azelio can be coupled with photovoltaic (PV) solar, wind power or any other energy source. The energy produced can be stored in recycled aluminium and then supply renewable energy as heat or electricity 24 hours a day.
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