ALEC Energy and Swedish company Azelio has signed a Memorandum of Understanding (MoU) that covers a collaboration over 49 MW installed capacity of Azelio’s thermal energy storage until 2025. The projects are focused to the Middle East and African markets, where Alec Energy aims to expand its business offering as a renewable energy project developer and system integrator.
ALEC Energy and Azelio reached an agreement to expand its business offering, to supply electricity and heat to Commercial & Industrial clients using Azelio’s long-duration thermal energy storage. The unique storage technology developed by the Swedish company can be coupled to solar PV, wind power, or any other energy source, store the energy in recycled aluminum and cost-efficiently supply renewable power, as heat and electricity, on demand around the clock. The signed MoU frameworks a collaboration over 49 MW until 2025, starting with 150 kW in 2021, followed by 4 MW in 2022, 7 MW in 2023, 13 MW in 2024 and 25 MW in 2025.
Award-winning solar company, ALEC Energy is a business division of ALEC Engineering and Contracting L.L.C (ALEC) and offers a complete spectrum of services, from concept to commissioning, operations and maintenance of Solar PV projects. ALEC is part of the Investment Corporation of Dubai and has more than 12,000 staff and labours.
“We look forward to working with Azelio in a long-term partnership with the opportunity to introduce this renewable technology across the wider region and constructing upcoming innovative energy storage verification project”, highlights James Stewart, General Manager of ALEC Energy.
“Azelio is under way to establish in the region through a verification project in Abu Dhabi together with Masdar and Khalifa University. We are now strengthening our position further through joining hands with a well-established company as ALEC Energy. We foresee a successful establishment and future in the region”, says Jonas Eklind CEO of Azelio.
- News
- Press Releases
- Renewable News
- Solar
please download the PDF below.
More from across PES
Cornwall Insight release final forecast for July price cap
Cornwall Insight has announced its final forecast for the July – September Q3 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 16 May. For a typical dual fuel household2 we predict the July price cap to be £1,574 per annum. This is a fall of approximately 7% from the current… Read more »
Jan De Nul reaffirms belief in energy transition with order for new XL cable-laying vessel
Demand for subsea cables to support a global offshore energy transition is high. The Fleeming Jenkin, due for delivery in 2026, has already booked her first projects. Jan De Nul Group has installed 2,500 kilometres of submarine cables in 25 countries to date, playing a key role in that transition. The order for a new… Read more »
EnBW starts construction of XXL wind farm in the North Sea
The rotor of a wind turbine of the latest generation covers the area of six football fields. 64 of these gigantic buildings are intended to advance the energy transition in the North Sea. The Karlsruhe-based energy group EnBW is building the largest wind farm to date on the high seas in the North Sea , which will at… Read more »
Wind Power LAB launch lightning surveillance technology
Reducing wind turbine repair costs and operational downtime by more than 40% Danish-based Wind Power LAB (WPL) have launched an innovative lightning surveillance tool tailored to combat strike damages to wind farms through early detection of potential risk. The new Lightning Analysis Service, known as LASSIE, offers major cost savings in excess of 40% because… Read more »
FuelEU for thought: new regulation leaves DoC holder with fuel liabilities risk, says OceanScore
Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face penalties – contrary to the ‘polluter pays’ principle, according to OceanScore. Shipping companies must start preparing now for the… Read more »
Winds of change: Ampelmann signs two E1000 systems to drive growth in Taiwan’s offshore wind market
Ampelmann, the Dutch offshore access provider, has signed a new contract for two E1000 systems to work in Taiwan onboard two multipurpose support vessels to provide accommodation and walk to work services for end client Vestas Taiwan. The E1000 systems have been signed to assist in turbine commissioning. This new contract reaffirms Ampelmann’s position in… Read more »
A Systematic Ground-Mounted PV solution: Easy to install thanks to aluminium and universal anchoring
VideoRay Awarded $92.6M US Navy Maritime Expeditionary Standoff Response (MESR) Production Contract for Mission Specialist Technology
Online Magazine Reader
- Solar/PV
- Wind
- China