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Swedish energy storage company Azelio said on Thursday that it has received a conditional order from Egypt's Engazaat Development for 20 of Azelio’s TES.POD renewable energy storage units.
Azelio said in a statement that the order, valued at approximately $1.5 million, is subject to the conditions of an ongoing techno-economic feasibility study for a mini-grid project planned by Engazaat, which specialises in development, implementation, and management of infrastructure systems in the water, technology, and renewable energy sectors.
The statement said the energy storage units "are intended to be financed, installed, and operated through a project company jointly owned by Azelio and Engazaat Development" for the Egyptian company's Sustainable Agro-Village and Entrepreneurship (SAVE) platform project at the Moghra Oasis.
Engazaat has planned a mini-grid system for the oasis to supply farmers with 85 percent of their energy from renewable sources, thereby significantly lowering CO2 emissions, energy related costs, and dependency on diesel.
Azelio said the 20 TES.POD units, with an electric output of 260 kW and storage capacity of 3.3 MWh, would be part of the mini-grid system.
The company has estimated that the 20 units will reduce diesel consumption by 232 m3 annually, thereby cutting CO2 emissions by 603 tonnes per year.
“This conditional order is a significant milestone for Azelio. We are very proud to be part of Engazaat’s sustainable agriculture initiative. We look forward to commencing a close and successful collaboration with Engazaat,” said Jonas Eklind CEO of Azelio.
“Capitalizing on their superior energy storage technology, we aspire with Azelio to launch a unique business model that has the potential to transform the livelihood of small farmers in the Egyptian Sahara Desert, the biggest sand ocean on the planet. Together we believe we will be able to decrypt the power supply formula necessary for water and food production sustainably both ecologically and economically,” added Muhammad El Demerdash, CEO, Engazaat.
The estimated delivery timeline for the storage units is December 2021, the statement said.
In December 2020, Zawya had reported Azelio has bagged a contract to supply an energy storage system for the visitor centre of Phase 4 of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai.
(Writing by SA Kader; Editing by Anoop Menon)
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