Azelio signs conditional order with Engazaat Development S.A.E in Egypt for 20 energy storage units
Azelio has received a conditional order from Engazaat Development S.A.E. for 20 of Azelio’s TES.POD® renewable energy storage units. The order is valued at approximately USD 1.5 million, and it is estimated that delivery will take place in December 2021. The order is conditional on, apart from customary project items, the ongoing techno-economic feasibility study for this specific project. The TES.POD® 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