Azelio receives grants of 2.5 MSEK from the Swedish Energy Agency and Region Västra Götaland
Azelio has been awarded a grant of 2 MSEK from the Swedish Energy Agency to demonstrate the impact of long-duration storage on energy resiliency as well as to show the benefits of the heat that the system delivers. Additionally, the company has been granted 0.5 MSEK from the Region Västra Götaland for a research project on product enhancements with Sweden’s independent research institute RISE.
The demonstration project aims to show how Azelio’s TES.POD® can be used to achieve energy resilience and reliability in locations where alternative solutions are expensive and large amounts of renewables could be integrated into the energy mix. The project will also show the benefits of the 55-65-degree heat that the system delivers in parallel with electricity. It aims to demonstrate the commercial attractiveness of the system as a whole and to prove the market acceptance and business potential for energy storage in rural areas.
In on-grid areas across the globe, energy resiliency has been given an increasing amount of attention in recent years. At emergencies such as during larger bush and forest fires, the need for energy resiliency becomes obvious as water pumps, water treatment plants, communication installations, hospitals and other vital infrastructure comes under risk of being cut off. The project will be carried out during 2021-2022 at Haneberg Farm, in the municipality of Eskilstuna in the region of Sörmland, Sweden. Although the project will demonstrate the need for storage in the Swedish context, it will have high similarity with the needs in other regions such as California and Australia.
The company has also been awarded a 0.5 MSEK grant from Region Västra Götaland for a research project with RISE Institute, related to Azelio’s storage and its heat transfer system. The research collaboration aims to add functionality and reduce costs.