2020 Annual Report

Around the world, fossil fuels are being replaced by electricity, for example, due to the increased use of electric cars and the fact that more and more people are connected to the grid. To ensure the sustainability of this transition and growth, the grid must utilise renewable sources of energy to an increasing extent.Greater insight into climate threats and declining prices,particularly for photovoltaics, is driving this green transition. When the element of production based on renewable sources increases in the energy mix, the need for energy storage grows simultaneously because these energy sources have intermittent production, which varies with the time of day or weather conditions. A solution that stores energy when production is high and demand is low, and that delivers this at an attractive cost and without emissions when production diminishes and demand stands firm, has a growing role to fill. Azelio’s TES.POD® is such a solution.