21/10/20 – Energy / Storage / Azelio / JET ENERGY / Solar / PV / Africa
Azelio and JET ENERGY in MoU to develop storage projects with solar PV in Africa
The collaboration targets approximately 45MW capacity of the long-duration energy storage system TES.POD until 2025, with JET ENERGY as project developer. In addition, the parties anticipate an extended project pipeline once the first projects are initiated.
After co-operating for the installation of Azelio’s verification project in Morocco, JET ENERGY and Azelio are teaming up with the signing of an MoU to develop renewable energy projects in Morocco in particular, and in Francophone Africa in general.
The collaboration seeks to assess projects utilising Azelio’s storage together with existing and new solar PV installations, to cost-efficiently provide electricity around the clock.
The first project targets 50kWe in 2021, followed by installations of larger scale projects with an expected total of 5MWe in 2022, 10MWe in 2023, 15MWe in 2024 and 15MWe in 2025.
Reliable renewables around the clock
JET ENERGY is an EPC Contractor specialised in construction, operation and maintenance of photovoltaic power plants. With this MoU, the firm seeks to expand its business offerings and establish itself as one of Azelio’s technology providers in the region.
“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,” advised Jonas Eklind, CEO of Azelio. “We are delighted to collaborate with JET ENERGY in their efforts to provide customers with reliable and affordable renewable power generation around the clock,”he added.
"Long-duration energy storage solutions are key for countries wanting to achieve higher level of electrification while keeping emissions as low as possible,” observed Ismail Tadlaoui, General Manager of JET ENERGY. “We are glad to partner with Azelio in deploying innovative and competitive systems in the African continent.”
Mines and Money Connect London 2023
Petrochemical and Refining Congress: Europe 2023
Abu Dhabi, UAE