ALEC Energy ink deal with Azelio for renewable energy storage site
ALEC Energy has inked an agreement with Swedish-headquartered renewable energy firm Azelio, 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.
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, James Stewart, General Manager 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.”