Masen & Cleanergy intensifies collaboration

Cleanergy and Masen will, under the agreement, intensify their existing collaboration around development and industrialisation of an energy storage system for dispatchable solar electricity. It is believed that this storage solution combined with Cleanergy’s Stirling engines will produce scalable and dispatchable renewable electricity at a very competitive cost, particularly thanks to the system’s modular design. Morocco is an economic and industrial preferred partner for both Europe and Africa, whereas Masen is the region's renewable energies’ has more than 1,700 MW of solar capacity planned and a goal of 6,000 MW of added renewable energy capacity by 2030. In that frame, Masen and Cleanergy will explore the possibilities to develop, industrialize and locally source key components of the system. “Morocco has set an ambitious objective of 52% renewables within its energy mix by 2030. To actively evaluate and promote new disruptive technologies like Cleanergy's is part of Masen’s strategy to reach this goal. This collaboration with Cleanergy, exemplifies our efforts to develop an open innovation ecosystem as well as competitive solar industry that advances the competitiveness of renewable energies and accelerates their time to market”, says Mr Bakkoury, the President of Masen. “Combining Cleanergy's team of experts with the team from Masen will shorten the time to market for the Cleanergy TES solution. Morocco represents a very important market opportunity for our technology. During 2018 we will show that we are well on the road towards producing distributed on-demand electricity cheaper than any fossil-generated”, says Jonas Eklind CEO.