* Decreases the reliance on diesel by up to 95% and provides developing markets in particular with the opportunity to have the cost of electricity compared to diesel.
* The innovation is key in delivering universal access to renewable energy, especially in the African, South and Central American, Californian and Asian industrial & commercial markets where the need is greatest.
* Provides 24/7 solar energy with zero emissions.
* Potentially addresses the needs of over 2 billion people who suffer from energy poverty -Nearly 1 billion lack access to electricity whilst 1.5 billion are connected to an unreliable electricity supply (Source: World Bank Off-Grid Solar Market Trends Report, 2020).

WHY IS THIS INTERESTING?

* ‘Through-the-night’ storage ‘is a key factor in makings
* olar and wind power a robust (24-hour) energy solution.
* Paradoxically, the increase in solar energy also increases the need for more diesel generated electricity in order to cover the hours of darkness. Azelio’s technology addresses this by providing 13 hours of clean electricity at full power which can be adjusted also match exact demand. This represents a huge breakthrough for energy storage technology and renewable energy supply.
* Diesel generators are commonly used due to low investment costs.
Azelio’s energy storage solution negates the need for diesel.
* How does it work?
* Using a heat element, Azelio’s thermal energy storage can be charged with solar or wind power.
* A recycled aluminium alloy is heated up to 600 degrees Celsius, thereby changing from solid to liquid to maximize the energy density.
With high energy density, the material has the ability to store energy for an extended period of time.
* The aluminium suffers no degradation in capacity over time.
* Using a heat transfer fluid, the thermal energy can be transferred from storage to a Stirling engine. The Stirling engine runs a generator to produce electricity on demand, with zero emissions and at a lower cost than diesel electricity.

FACTS

* Azelio’s recycled aluminium technology does not degrade over time. This is uniquely sustainable. It doesn’t use rare minerals and has zero emissions.
* The technology is scalable and affordable from 100 kilowatts to 100 megawatts.
* The base of Azelio’s patented thermal storage is made of recycled scrap aluminium, a first for the industry.
* In 2020, Azelio is implementing three verification projects, one in Sweden one with Masen in Morocco and one with Masdar in Abu Dhabi
* World bank states that approximately $220 billion of investments in ‘minigrids’ (small power networks) is the cheapest and best way to deliver universal access to electricity. This in line with the UN goals.
     * Azelio’s thermal energy storage technology has received qualified customer enquiries with a potential order value of SEK 170 billion (EUR
16 billion).