Swedish energy storage company Azelio and India's Atria Power have signed a memorandum of understanding (MoU) to collaborate on installing over 65MW capacity of Azelio's energy storage until 2025 in India. The agreement is Azelio's first in the country, a market with significant potential for renewable energy solutions in off-grid areas.
By combining Azelio's energy storage units with cooling and water desalination technologies, Atria intends to offer zero emission electricity, potable water, and cooling for rural villages and communities in India, according to a statement.
The collaboration will start with small-scale commercial installations of 100kW in 2021, followed by installations of larger scale including 12MW in 2023, 18MW in 2024 and 35MW in 2025.
Atria Power is an integrated energy solutions provider, evaluating energy efficiency, energy consumption and energy purchasing for its customers. By combining investments in technology with tailor-made service offerings, Atria offers services beyond those of a commodity supplier of renewable energy.
Says Atria Power director Sunder Raju: "Atria's investments in and understanding of renewable energy technology will allow Atria and Azelio to collaborate in providing clean electricity and low temperature heat around the clock.
Azelio chief executive officer Jonas Eklind adds: "Atria is a rapidly growing and well-renowned renewable power producer in India with strong financial backing and a solid customer base. We are delighted to partner with them and through sustainable technology raise prosperity in rural India. This MoU also illustrates the value that can be created by the low temperature heat our system generates."