• Business Business

Energy companies strike milestone agreement that could revolutionize energy grid: 'Hybrid power model'

In an effort to expand clean energy projects between the U.S. and Mexico, two companies have signed a milestone agreement.

In an effort to expand clean energy projects between the U.S. and Mexico, two companies have signed a milestone agreement.

Photo Credit: iStock

In an effort to expand clean energy projects between the U.S. and Mexico, two companies have signed a milestone agreement.

According to reports by CBS42, Energy America, a solar technology company based in San Francisco, has joined forces with Etisa Energia, a Mexican energy development firm. The two groups have entered a Memorandum of Understanding (MOU), a preliminary agreement, with the goal of supporting and developing Mexico's industrial sector through clean energy projects.

Specifically, the MOU outlines a framework for implementing gas turbine and solar photovoltaic systems. Some of the defined goals stated in the MOU include encouraging economic growth through solar installations, achieving 100s of MW in generation capacity, and promoting long-term collaboration between both countries.

"This MOU represents more than a business partnership — it's a strategic alignment of vision, policy, and technology between Mexico and the United States," Vice President of Energy America Zoheb Khan told CBS42. "Our hybrid power model combines clean solar energy with reliable gas generation to ensure 24/7 energy security for Mexico's growing industrial demand, while creating skilled jobs and manufacturing capacity."

As a result, this partnership will not only support Mexico's industrial goals but will also help reduce the country's reliance on dirty energy. Transitioning toward green power sources, such as solar energy, will decrease the country's emissions, helping to improve air quality over time.

"Etisa Energia is proud to collaborate with Energy America on this transformative initiative," President of Etisa Energia Juan Acra told CBS42. "This MOU strengthens our ability to deliver clean, resilient, and sovereign energy solutions in partnership with the Mexican government and international allies."

FROM OUR PARTNER

Save $10,000 on solar panels without even sharing your phone number

Want to go solar but not sure who to trust? EnergySage has your back with free and transparent quotes from fully vetted providers that can help you save as much as $10k on installation.

To get started, just answer a few questions about your home — no phone number required. Within a day or two, EnergySage will email you the best local options for your needs, and their expert advisers can help you compare quotes and pick a winner.

Installing solar panels is one of the best ways for homeowners to save money while reducing their environmental footprint. By going solar, you can reduce your home energy costs to nearly $0.

For homeowners looking to make the switch, EnergySage offers free resources to compare quotes from vetted local installers. Thanks to EnergySage, homeowners can save up to $10,000 on solar installations. And once homeowners go solar, running other electric appliances, like heat pumps, can become even cheaper. If you're interested in upgrading your HVAC to a money-saving heat pump, check out Mitsubishi's line of efficient heat pumps.

Should the U.S. be investing more in battery production to catch up with China?

Absolutely 📈

We're investing a good amount 👍

We should be investing less 📉

I have no idea 🤷

Click your choice to see results and speak your mind.

Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.


Cool Divider