Correction: Azelio initiates collaboration in Oman
The correction refers to previously incorrect reference to the EU Market Abuse Regulation.Azelio and Omani company Al Mashani have signed a Memorandum of Understanding (MoU) to jointly work on establishing a small-scale project in Oman. The goal of the installation is to demonstrate Azelio’s system in a realistic commercial setting and start a broader implementation of Azelio’s technology in the country together with Al Mashani, for an aggregated project pipeline of about 25 MW between 2021 and 2024. This capacity is forecasted along the following timeline: 50 kW in 2021, 5 MW in 2022, 7 MW