Ambev Closes Partnership With Lemon Energia to Offer Renewable and Cheaper Energy to More Than 50,000 Small and Medium-sized Businesses in Brazil

SOURCE: Anheuser-Busch InBev

DESCRIPTION:

SÃO PAULO, October 6, 2020 /3BL Media/ - AB InBev subsidary Ambev, with the support of its tech hub Z-Tech, closed a partnership with the startup Lemon Energia, a São Paulo based company that connects producers of renewable energy with SMBs (small and medium-sized businesses). The project will provide renewable energy to more than 50,000 small shops, bars and restaurants until 2023. The initiative complements Ambev’s efforts to augment the renewable energy ecosystem in the country, and also aligns with Z-Tech’s mission of empowering SMBs through technology.

With this partnership, Lemon estimates that in the next 3 years small and medium-sized companies that join the solution will save over R$150 million (approximately USD $30 million) due to energy costs reduction. Additionally, the initiative will reduce 810,000 ton of CO2 emission in three years, which is equivalent to eliminating 675,000 cars from the streets. The service provided by Lemon Energia is free of charge for entrepreneurs and it does not require additional installation costs.

How does it work?

This sustainability initiative is a pioneer in its sector and has a very simple sign up process, which does not require loyalty or initial investment. The process to join Lemon is 100% online - interested businesses just need to register at Lemon Energia’s platform, which will connect the business to the closest solar farm in its region. Through an app, clients can also obtain estimates of their annual energy savings.

“We focus our investments on developing accessible and user-friendly products and services that help solving small and medium-sized businesses’ main pain points. We’re very happy to partner with Lemon and offer one more solution that, in addition to environmental benefits, will contribute to the financial health of small entrepreneurs”, said Roberto Guido, CEO of Z-Tech Brazil.

Tweet me: .@ABinBev subsidiary @Ambev, with the support of its tech hub Z-Tech, has closed a partnership with the startup Lemon Energia to provide #RenewableEnergy to more than 50,000 small & medium-sized businesses in Brazil: https://bit.ly/3jNjzZW

KEYWORDS: NYSE:BUD, Ambev, Lemon Energia, Brazil, AB InBev, Z-Tech, SMBs, Sustainability

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