March 6th 2020
A well-attended inauguration ceremony of Azelio’s renewable energy storage took place at the Noor Ouarzazate solar complex in Morocco on March 5th, in the presence of government representatives from several countries, the World Bank, IFC, Ambassadors, and many more. The installation is a partial result in a joint technical and business development agreement between Azelio and Masen. A verification of the storage will be initiated during the first quarter of 2020, with commercial installations later the same year, followed by volume production in 2021.
Azelio has developed a solution to efficiently store renewable energy from solar and wind power and make it available all hours of the day as electricity and heat. The system uses recycled aluminum as a storage medium, containing no rare minerals and suffers no reduced capacity over time. The system is scalable from 100 kW to 100 MW and by that fills a void in the market towards the goal of universal access to affordable and sustainable energy.
“Our collaboration with Azelio is a good example of Masen´s R&D strategy to evaluate, co-develop and promote disruptive solutions. We are proud to Azelio´s energy storage represented on Noor Ouarzazate solar complex”, says Mustapha Bakkoury, CEO of Masen.
“We have an ambitious development and commercialization of our technology, where Masen´s profound experience in renewable energy is of great value. Being present on one of the world´s leading arenas for renewable energy marks a big step for Azelio and is the platform from where we take the next step in becoming a global industrial player”, says Jonas Eklind, CEO of Azelio.
Azelio is a Swedish cleantech company. We have developed an ingenious long duration energy storage technology, providing dispatchable electricity and usable heat for all hours of the day – with zero emissions and at a very competitive cost.
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