Azelio has signed a Memorandum of Understanding (MoU) with the US company BIODICO INC (Biodico) for a project in Atascadero, California, US.
The MoU frameworks a collaboration over a capacity of about 120 MWe of Azelio's energy storage technology in the US market until 2024. The first 13 kWe of this capacity will be distributed in 2021 as part of the Atascadero project, with other projects distributing 15 MWe in 2022, 35 MWe in 2023 and 70 MWe in 2024.
The initial Atascadero project is expected to become operational in 2021 as a commercial demonstration and showcase for Biodico's modular renewable bio-fuel production system. The unit will operate under real-world conditions, serving as a commercial model for future projects in California. The system will be used to store energy from both solar PV and wind power, and will produce electricity on demand, maximising the renewable energy supply for the biofuel production process. When the energy storage is fully charged, electricity can be produced for 13 hrs at nominal power.
The California Energy Commission has pre-accepted the commercial showcase project to apply for a full grant proposal by the end of this year, representing a potential financing instrument for the project.
Read the article online at: https://www.energyglobal.com/energy-storage/18112019/azelio-signs-mou-for-installations-in-california/