Azelio Signs MoU With Atria Power for 65 MW Storage in India

• Swedish power storage company Azelio has actually authorized an MoU with Atria Power to team up on mounting 65 MW capacity of energy storage ability in India by 2025

Swedish energy storage firm Azelio and also India's Atria Power have actually signed a Memorandum of Understanding (MoU) to work together on mounting over 65 MW capacity of Azelio's power storage capacity until 2025 in India. The agreement is Azelio's initial in the nation, a market which it believes has considerable potential for renewable resource remedies in off-grid areas.

"Atria is a rapidly expanding as well as well renowned sustainable power manufacturer in India with the strong sponsorship and a solid customer base. We are delighted to partner with them and through sustainable innovation raising prosperity in rural India. This MoU additionally shows the value that can be produced by the low-temperature warmth our system produces", claimed Jonas Eklind CEO of Azelio.

Atria Power means to make use of Azelio's technology for saving energy to deliver both electricity and warm. By integrating Azelio's power storage systems with air conditioning and water desalination technologies, the Indian firm will supply zero-emission electrical energy, safe and clean water, and also cooling for rural villages and communities in India.

Atria Power is an integrated energy services company, examining power efficiency, energy consumption and also energy getting for its clients.

The MoU structures a partnership over 65 MW up until 2025, beginning with small scale business installments of 100 kW in 2021, followed by installments of larger scale with an anticipated total amount of 12 MW in 2023, 18 MW in 2024 and 35 MW in 2025. Atria aims to increase its company offering in the Indian market as a project programmer and system integrator of energy projects using Azelio's modern technology.

"Atria's financial investments in as well as understanding of renewable energy innovation will allow Atria as well as Azelio to collaborate in supplying tidy power and also low temperature level warmth around the clock. Atria is really delighted regarding this partnership and also means to companion with Azelio to bring alternative technologies to the rural Indian market," said Sunder Raju, Director of Atria Power.

Atria Power, part of Atria Group, is a renewable energy power producer with functional renewable resource plants of 522 MW, of which 373 MW wind and also 100 MW solar PV, as well as 350 MW under growth. The company is monetarily backed by blue chip financiers and also companions including GE EFS APG as well as Piramal. It gives power purchase arrangements (PPAs) for renowned high credit history quality and leading multi-national firms and also residential customers in various commercial and commercial sectors such as F&B, friendliness, real estate etc