Azelio signs energy storage MoU with Mexican partner
Swedish energy storage and transfer developers Azelio AB (formerly Cleanergy AB) has announced that it has signed a Memorandum of Understanding (MoU) with Mexico-headed industrial and commercial energy solutions provider CITRUS JMK S.A DE C.V (CITRUS) to assess energy storage for the food and beverage, agricultural, mining, and the oil and gas industry as well as the tourism sector with hotels and resorts in Mexico, North, and Central America.
CITRUS is an industrial equipment supplier and a turn-key energy project developer. The company is contributing to the sustainability of industrial process lines and providing high-tech integrated renewable energy solutions to its customers for both heat and power.
Azelio’s long-duration energy storage system coupled to solar PV will be part of CITRUS offer to their clients within the commercial and industrial (C&I) sector. It will increase the sustainability, cost-efficiency, and reliability of their energy systems with renewable electricity around the clock.
The first projects are planned to be small scale, aiming for 150 kW in 2021, followed by 3 MW in 2022, 6 MW in 2023, and 11 MW in 2024.
CITRUS is a well-established company that we are proud to initiate this partnership with. Azelio’s long-duration energy storage can extend the use of renewable energy for all hours of the day. We look forward to demonstrating our solution together with CITRUS to the Mexican, North and Central American market, said Jonas Eklind CEO of Azelio.
With this MoU, CITRUS seeks to expand its business offerings in Mexico in particular, and in North and Central America in general. The goal is to establish Azelio as one of CITRUS’ technology providers and to develop, install, and operate Azelio’s technology, acting as a regional partner.
The partnership with Azelio is a compelling fit that accelerates our strategy to expand the CITRUS portfolio towards energy storage, within our higher growth segments and markets. Together with Azelio, we are committed to applying their disruptive technology to give our customers an exceptional renewable energy experience together with sustainable growth, said Katia Bernal, CEO of CITRUS.