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Azelio and Svea Solar sign MoU for joint projects
DUBAI, January 25, 2021 Azelio and Svea Solar have signed an MoU to develop projects using Azelio’s long-duration energy storage, TES.POD, coupled to PV systems. The collaboration will span over at least 3 projects in 2021, 5 projects in 2022, and 10 projects in 2023. A total of 8 MW of installed power and more than 100 MWh in equivalent storage capacity. Svea Solar is Sweden’s largest solar PV installer. In support of expanding its business offerings into the energy storage segment in Sweden in particular and Europe in general, a collaboration is initiated with Azelio, as a developer of long-duration energy storage.