Azelio signs MoU with Atria Power for 65 MW renewable energy in India

In India, Swedish energy storage company Azelio and India’s Atria Power have signed a Memorandum of Understanding to collaborate on installing over 65 MW capacity of Azelio’s energy storage until 2025 in India. The agreement is Azelio’s first in the country, a market with significant potential for renewable energy solutions in off-grid areas.

Atria Power intends to use Azelio’s technology for storing energy to deliver both electricity and heat. 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.

The MoU frameworks a collaboration over 65 MW until 2025, starting with small scale commercial installations of 100 kW in 2021, followed by installations of larger scale with an expected total of 12 MW in 2023, 18 MW in 2024 and 35 MW in 2025. Atria aims to expand its business offering in the Indian market as a project developer and system integrator of energy projects using Azelio’s technology.

Azelio’s unique storage technology can be coupled to solar PV, wind power, or any other energy source, store the energy in recycled aluminium and cost-efficiently supply renewable energy, as heat and electricity, on demand around the clock.