Friday 7 May 2021

Alec Energy inks MEA energy storage deal with Swedish firm

DUBAI, July 8, 2020

Dubai-based Alec Energy said it has joined forces with Swedish company Azelio for development and installation of energy storage in the Middle East and Africa ​​​​​​​region.
An award-winning solar company, Alec Energy is a business division of Alec Engineering and Contracting that offers a complete spectrum of services, from concept to commissioning, operations and maintenance of solar PV projects. 
The MoU covers a collaboration over 49 MW installed capacity of Azelio’s thermal energy storage until 2025, said the statement from Alec Energy. 
As per the deal, Alec Energy and Azelio will supply electricity and heat to commercial and industrial clients using Azelio’s long-duration thermal energy storage. 
Headquartered in Gothenburg, Sweden, Azelio specialises in thermal energy storage with dispatchable and low-cost stirling-based electricity and heat production. The technology is revolutionary for its unique capability to produce electricity and heat from the storage at 13 hours on nominal power. 
The system stores energy in recycled aluminium and has a total efficiency of up to 90% from energy to heat and electricity. It is scalable and cost-efficient from 0,1 MW up to 100 MW and the storage suffers no reduced capacity over time.
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.  
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, the statement added.    
A unit of the Investment Corporation of Dubai, Alec Engineering and Contracting that has more than 12,000 staff and labourers. It offers a complete turnkey solution for both rooftop and ground mounted solar PV plants.
Alec Energy General Manager James Stewart said: "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."
"Azelio is under way to establish in the region through a verification project in Abu Dhabi together with Masdar and Khalifa University," noted Stewart.
CEO Jonas Eklind said Azelio is now strengthening its position further through joining hands with a well-established company as Alec Energy. "We foresee a successful establishment and future in the region," he added.-TradeArabia News Service


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