May 22nd 2019
The broader use of Azelio’s core technology has been enabled by the company’s continued investment in research and development. The new solution, which enables electrical heating of the energy storage, uses the same technology previously used to move heat from the storage to the Stirling engine. The competence required in this domain was already available within the company, so the company was able to carry out this work without additional resource allocation.
Azelio already offers a solution for storage of solar energy to secure a sustainable distributed baseload in areas with high solar irradiation. That solution can serve as a low-cost replacement for the diesel-generated electricity used in microgrid systems. The opportunity to use electricity generated by other renewable sources, such as solar PV and wind to heat the energy storage, now means that Azelio can complement established technologies with energy storage systems, allowing low-cost renewables-generated electricity to be produced on demand around the clock. Azelio thus offers a unique solution to the enormous challenge facing renewables, namely the transition from fossil fuel technologies, where the electricity production of renewables sources is at present characterised by weather-dependant intermittency of production, as well as excessive load placed on the electricity grid, which was not designed for this new paradigm.
“Now that we can charge our storage with directly sourced electricity, we can reach more geographically varied markets, including Sweden and other parts of northern Europe. We can boost the competitiveness of sustainable alternatives and in this way facilitate the increased use of sustainable electricity. The cost of renewable technology is continuously falling, but the lack of competitive energy storage has worsened the imbalance between production and demand. We now have a solution. The cheaper solar and wind power become, the more competitive Azelio’s solution will be, providing a clear benefit to us and all of our customers,” says Jonas Eklind, CEO 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.
417 56 Gothenburg
© Azelio 2022