Brief: Azelio Signs Agreement With ALEC Energy
08/07/2020 10:06
July 8 (Reuters) - Azelio AB AZELIO.ST :
* ALEC ENERGY IN AGREEMENT WITH AZELIO FOR DEVELOPMENT AND
INSTALLATION OF ENERGY STORAGE IN THE MIDDLE EAST AND AFRICA
* ALEC ENERGY AND SWEDISH COMPANY AZELIO HAS SIGNED A
MEMORANDUM
OF UNDERSTANDING (MOU) THAT COVERS A COLLABORATION OVER 49 MW
INSTALLED CAPACITY OF AZELIO'S THERMAL ENERGY STORAGE UNTIL 2025
* SIGNED MOU FRAMEWORKS A COLLABORATION OVER 49 MW UNTIL
2025,
STARTING WITH 150 KW IN 2021, FOLLOWED BY 4 MW IN 2022, 7 MW IN
2023, 13 MW IN 2024 AND 25 MW IN 2025.
Source text for Eikon: ID:nWkr9yPlfK
Further company coverage: AZELIO.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))