Azelio, based in Sweden, has won a conditional order from Egypt’s Engazaat Development SAE for 20 of its TES.POD renewable energy storage devices. The TES.POD devices will be financed, implemented, and maintained by a project business co-owned by Azelio and Engazaat Development SAE, and will be utilised in Egypt’s SAVE sustainable agricultural initiative. The order is worth roughly $1.5 million and is expected to be delivered in December 2021.
Aside from the usual project components, the order is contingent on the project’s continuing techno-economic feasibility assessment. The 20 TES.POD units have a total storage capacity of 3.3MWh of power generation and will be part of a mini-grid system to serve farmers with renewable energy, reducing CO2 emissions, energy costs, and reliance on fuel.
Engazaat and Azelio will form a joint project business to fund, implement, and operate the project based on an agreed-upon commercial structure and permissions. Azelio’s TES.POD is a long-term energy storage device that stores renewable energy in recycled aluminium and provides on-demand power and heat around the clock. Azelio’s TES.POD coupled with solar PV reportedly proved to be a better long-term storage solution than lithium-ion batteries for the SAVE project.
Engazaat Development S.A.E, located in Egypt, specialises in the design, installation, and administration of infrastructure systems in the water, technology, and renewable energy sectors. A mini-grid system is designed to supply farmers with 85 percent of their energy from renewable sources in its sustainable agro-village and entrepreneurship platform project SAVE at the Moghra Oasis in Egypt.
