Azelio, CITRUS Ink MoU for Energy Storage Supply to C&I Customers in Mexico, America

Jun 22, 2020 02:23 PM ET
  • Swedish business Azelio has become part of a Memorandum of Understanding (MoU) with Mexican, CITRUS JMK S.A DE C.V (CITRUS) to analyze power storage space for agricultural, mining, food as well as drink, tourism and also the oil & gas industry in Mexico, North as well as Central America.
Azelio, CITRUS Ink MoU for Energy Storage Supply to C&I Customers in Mexico, America

Commenting on the partnership, Jonas Eklind, CEO of Azelio, said that "CITRUS is a reputable business that we are proud to start this partnership with. Azelio's long-duration energy storage space can extend the use of renewable resource for all hrs of the day. We expect demonstrating our solution together with CITRUS to the Mexican, North as well as Central American market."

In addition, the MoU frameworks a partnership over a 20 MW capability of Azelio's power storage until 2024. Besides this preliminary arrangement, both the firms are expecting to trigger more jobs also in future.

Currently upload this partnership, CITRUS is offering to its customers within the C&I sector the Azelio's long-duration energy storage space system incorporated with solar photovoltaic (PV). This will certainly increase the sustainability, cost-efficiency, as well as dependability of their power systems with renewable power (RE) all the time.

"The collaboration with Azelio is an engaging fit that increases our approach to expand the CITRUS portfolio towards power storage space, within our greater growth segments and also markets. Along with Azelio we are committed to using their disruptive innovation to give our consumers an outstanding renewable resource experience along with lasting growth," commented Katia Bernal, CEO of CITRUS.

However, they have prepared their very first projects to be tiny scale, aiming for 150 kW in 2021, complied with by 3 MW in 2022, 6 MW in 2023, and 11 MW in 2024.

Through this agreement, CITRUS is preparing to broaden its organisation offerings in Mexico specifically, and also in North and Central America generally. The firm's objective is to establish Azelio as one of its technology service providers as well as to create, mount, and operate Azelio's modern technology, serving as a regional companion.

Mexico-based CITRUS is an industrial devices supplier as well as a power task designer. It is contributing to the sustainability of industrial process lines and offering high-tech integrated RE options to its customers for both warm and also power.

Lately, Azelio has authorized an additional MoU with the Chilean firm Industria Mecánica VOGT (VOGT) to analyze power storage tasks for the mining industry in Latin America. The MoU frameworks a cooperation over a 10 MW capacity of the business's power storage from 2021 till 2024. The events anticipate to cause additional tasks after this initial arrangement.

In March this year, the firm had actually has finished the installment of its renewable energy storage with 24h clean power manufacturing in Morocco.

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