Azelio to support 20 units for Egypt's Engazaat
Long-duration energy storage system, Azelio said it signed a conditional order with Engazaat Development S.A.E in Egypt for 20 energy storage units, valued US $1.5 million.
“Capitalizing on their superior energy storage technology we aspire with Azelio to launch a unique business model that has the potential to transform the livelihood of small farmers in the Egyptian Sahara Desert, the biggest sand ocean on the planet,” said Muhammad El Demerdash CEO Engazaat in a statement.
The storage units are intended to be financed, installed, and operated through a project company jointly owned by Azelio and Engazaat Development S.A.E., and be used in the SAVE sustainable agriculture project in Egypt, the companies said in a statement.
The 20 units have a combined storage capacity of 3.3 MWh of electricity production.
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