Azelio, a Swedish company specialising in thermal energy storage with dispatchable power, has signed an agreement with UAE-based ALEC Energy to set up a renewable energy storage site at Masdar city in Abu Dhabi. ALEC Energy is the award-winning solar business division of ALEC Engineering and Contracting, and a part of the Investment Corporation of Dubai. Azelio and ALEC Energy recently signed a MoU, covering a collaboration over 49 MW ...