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Azelio inks MoU for Mexican energy storage

Published by
Energy Global,

Azelio has signed a Memorandum of Understanding (MoU) with CITRUS JMK S.A DE C.V 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. The MoU frameworks a collaboration over a 20 MW capacity of Azelio’s energy storage until 2024. The parties expect to trigger further projects in addition to this initial agreement.

Azelio’s long-duration energy storage system coupled to solar PV will be part of CITRUS’s 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, based in Mexico, 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. 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.

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