Azelio signs MoU with partner in Chile for energy storage supply to the mining industry
Azelio has signed a Memorandum of Understanding (MoU) with the Chilean company Industria Mecánica VOGT S.A. (VOGT) to assess energy storage projects for the mining industry in Latin America. The MoU frameworks a collaboration over a 10 MW capacity of Azelio’s energy storage from 2021 until 2024. The parties expect to trigger further projects after this initial agreement.Azelio’s long-duration energy storage system coupled to solar PV will be used to supply VOGT’s pumping systems for the mining industry with renewable electricity around the clock. The first projects are aiming for 50 kW in