Azelio signs agreement with ALEC Energy to set up renewable energy storage site in Masdar City

Swedish energy storage company Azelio has signed an agreement with ALEC Energy to prepare and set-up an installation site in Masdar City to evaluate Azelio’s technology for inclusion in the Masdar project portfolio.

Azelio announced last September that it was partnering with Masdar, one of the world’s leading renewable energy companies, and Khalifa University of Science and Technology to run the verification project. The project aims to test and demonstrate Azelio's Stirling engine systems and integrated thermal energy storage solutions’ suitability for renewable energy projects that use solar or wind power, or projects that provide off-grid solutions.  

ALEC Energy is the award-winning solar business division of ALEC Engineering and Contracting L.L.C., part of the Investment Corporation of Dubai. Azelio and ALEC Energy recently signed a Memorandum of Understanding, covering a collaboration over 49 MW installed capacity of Azelio’s energy storage until 2025.

 “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,” said James Stewart, ALEC Energy’s General Manager. 

“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,” said Jonas Eklind Chief Executive Officer 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”, said Yousef Baselaib, Executive Director of Sustainable Real Estate at Masdar.

Photo credit: Azelio