Sweden-based energy storage company Azelio announced it has signed a Memorandum of Understanding (MoU) with Moroccan EPC contractor Jet Energy to develop renewable energy projects in Morocco and Francophone Africa.
Azelio seeks to assess projects utilizing Azelio’s energy storage technology (TES.POD) together with existing and new solar PV installations aiming at cost-efficiently provide electricity around the clock.
Jet Energy will act as the project developer. The first project targets 50 kWe in 2021, followed by larger-scale projects totaling 5 MWe in 2022, 10 MWe in 2023, 15 MWe in 2024 and 15 MWe in 2025.
Azelio and Jet Energy had previously collaborated in 2019 on a solar PV and storage project in Morocco to test the use of solar PV to charge Azelio’s thermal energy storage solution.
With this MoU Jet Energy seeks to expand its business offerings and establish itself as one of Azelio’ technology providers in the region.
In addition to this MoU, the parties anticipate an extended project pipeline once the first projects are initiated.
Jonas Eklind, CEO of Azelio said:
“Morocco and Francophone Africa are one of our target markets where we see that our technology for long-duration energy storage can bring large benefits. We are delighted to collaborate with Jet Energy in their efforts to provide customers with reliable and affordable renewable power generation around the clock.”
Ismail Tadlaoui, General Manager of Jet Energy said:
“Long-duration energy storage solutions are key for countries wanting to achieve a higher level of electrification while keeping emissions as low as possible. We are glad to partner with Azelio in deploying innovative and competitive systems in the African continent.”
Source: Press release by Azelio AB. Photo credit: © Azelio.