Azelio and Biodico partner on thermal energy storage project

19 November 2019 (Last Updated November 19th, 2019 11:53)

Swedish thermal energy storage solutions provider Azelio has teamed up with US-based Biodico to develop 120MW in thermal energy storage projects in Atascadero, California, US, by 2024.

Swedish thermal energy storage solutions provider Azelio has teamed up with US-based Biodico to develop 120MW in thermal energy storage projects in Atascadero, California, US, by 2024.

Biodico is planning to create biofuel production centres, which will be powered by the clean energy generated by the on-site renewable resources to reduce greenhouse gas emissions.

For these production centres, Azelio will be supplying nearly 9,000 units, which will supply Biodico’s biofuel production system with electricity on demand.

Azelio CEO Jonas Eklind said: “We are moving at a good pace, and I am pleased to see the substantial interest in Azelio’s technology manifested by a third MoU in a short period of time. At Azelio, we are particularly excited about gaining ground in the North American market.

“The project in California will demonstrate our solution’s capabilities in storing and dispatching energy from both solar PV and wind power, allowing both Azelio and Biodico to build a valuable experience needed to deploy our solution on a larger scale.”

The series of projects that will be developed under the new initiative includes a 13kWe energy storage that is slated for completion in 2021, followed by other projects including 15MWe in 2022, 35MWe in 2023 and 70MWe in 2024.

Azelio’s systems will feature solar PV, wind, as well as its power storage unit, which will ensure supply of base-load energy to the process around the clock.

Biodico president Russell Teall said: “Biodico sees Azelio’s system as the main part of its energy supply for its modular renewable biofuel production.

“The ability to provide renewable energy 24/7 is crucial at both a technical and commercial level. ­­Environmentally it is the right thing to do, and it has financial benefits at the same time.”