Azelio, the Swedish energy storage firm and Atria Power of India have signed an MOU towards the collaboration of installation of over 65MW capacity of Azelio’s energy storage until 2025 in India.
This is Azelio’s first landing foot in India and it is visualised as a market with the huge potentiality for renewable energy solutions in off-grid areas.
Atria Power aspires to use Azelio’s energy storage technology to supply both electricity and heat. Whereas by combining Azelio’s energy storage units with cooling and water desalination technologies, Atria will offer zero-emission electricity, potable water, and cooling for rural villages and communities in India.
Azelio’s storage technology can be connected to solar PV, wind power, or any other energy source. The energy is stored in recycled aluminium and supplying it as heat and electricity on demand around the clock.
The MoU structures collaboration over 65MW until 2025. The project is entitled to start with small scale commercial installations of 100kW in 2021, followed by installations of larger scale with an expected total of 12MW in 2023, 18MW in 2024 and 35MW in 2025.
Sunder Raju, Director of Atria Power, said: “Atria’s investments in and understanding of renewable energy technology will allow Atria and Azelio to collaborate in providing clean electricity and low-temperature heat around the clock. Atria is very excited about this collaboration and intends to partner with Azelio to bring alternative technologies to the rural Indian marketplace.”
Jonas Eklind, CEO of Azelio, said: “Atria is a rapidly growing and well renowned renewable power producer in India with the strong financial backing and a solid customer base. We are delighted to partner with them and through sustainable technology raise prosperity in rural India. This MoU also illustrates the value that can be created by the low-temperature heat our system generates.”
Atria Power, part of Atria Group, is a renewable energy producer with operational renewable energy plants of 522MW, of which 373MW wind and 100MW solar PV, and 350MW under development.
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