Azelio has signed an MoU with Biodico for a project in California, for collaboration over a capacity of about 120 MW of energy storage technology until 2024
Azelio has announced that it has signed a Memorandum of Understanding (MoU) with the US company Biodico for a project in Atascadero, California. The MoU frameworks a collaboration over a capacity of about 120 MW of energy storage technology in the US market until 2024.
This capacity is distributed along the following timeline: 13 kWe in 2021 (Atascadero project), 15 MWe in 2022, 35 MWe in 2023 and 70 MWe in 2024. Fully installed, the capacity corresponds to approximately 9,000 units of its system.
The initial project is expected to become operational in 2021, as a commercial demonstration and showcase for the modular renewable bio-fuel production system in the town of Atascadero, California. Azelio’s system will supply Biodico’s biofuel production system with electricity on demand. The energy system will include solar PV, wind and the storage destined to supply base-load energy to the process around the clock. The firm’s unit will operate under real-world conditions, serving as a commercial model for its future projects in California.
Biodico’s vision is to create and enable clean biofuel production centers powered from on-site renewable resources, to reduce greenhouse gas emissions, provide meaningful jobs and local economic development. The California Energy Commission has pre-accepted Biodico’s commercial showcase project to apply for a full grant proposal by the end of this year, representing a potential financing instrument for the project.
In the first project, 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 hours at nominal power. Hence, with this collaboration, the biofuel production projects will be enhanced by increasing their share of renewable energy supply.
“At Azelio, we are particularly excited about gaining ground in the North American market. The project in California will demonstrate our solution’s capabilities in storing and dispatching energy from both solar PV and wind power, allowing both Azelio and Biodico to build a valuable experience needed to deploy our solution on a larger scale,” said Jonas Eklind, CEO of Azelio.