Sweden-headquartered renewable energy firm Azelio has completed the installation of its renewable energy storage solution, with 24-hour clean power production, at the Noor Ouarzazate solar complex in Morocco.
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 aluminium 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 therefore, fills a gap in the market that addresses universal access to affordable and sustainable energy.
The installation is a partial result of a joint technical and business development agreement between Azelio and Masen.
A verification of the storage will be initiated during Q1 2020, with commercial installations expected later in the year. Volume production will follow in 2021.
The renewable energy storage solution was launched together with the Moroccan Agency for Sustainable Energy (Masen) in the presence of government representatives from several countries, the World Bank, and IFC, among others.
Commenting on the launch, the chief executive officer of Masen, Mustapha Bakkoury, said: “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.”
The CEO of Azelio, Jonas Eklind, said: “We have an ambitious development and commercialisation of our technology, where Masen’s 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.”
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