ALEC Energy and Azelio reached an agreement to expand its business offering, to supply electricity and heat to Commercial & Industrial clients using Azelio’s thermal energy storage.
The 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 supply renewable power, as heat and electricity, on demand around the clock. The signed MoU frameworks a collaboration over 49MW until 2025, starting with 150 kW in 2021, followed by 4MW in 2022, 7MW in 2023, 13MW in 2024 and 25 MW in 2025.