CONFIRMS FIRST ORDERS FOR COMMERCIAL AC BATTERY
Eguana Technologies Inc. (EGT.V) has confirmed initial orders and growing interest in its commercial AC battery product. As the company completes final integration testing and preparation for submission to regulatory certification, lead customers are securing product supply along with Eguana's integration support for their applications with early orders. First deployments will be in Alberta, Texas and Colorado followed by California.
"With final product specifications and pricing completed, it is very encouraging to see the widespread interest in our new commercial product and how quickly it has translated into early orders," said Justin Holland, chief executive officer at Eguana Technologies. "Inquiries are coming from multiple market channels with greatest interest from customers looking to increase their current commercial energy efficiency and EV [electric vehicle] charging services, along with established developers who have been waiting for a 15-kilowatt/30-kilowatt-hour three-phase product option that fills a long-standing gap in the marketplace."
Confirmed interest and orders support Eguana's market analysis that a smaller, factory integrated and assembled PCS+Battery product will fill the unmet need in the market for small commercial and EV charging applications. While larger projects, which have dominated the early market, can accommodate higher overheads and complex financing arrangements, the vast majority of the behind-the-meter market applications cannot support such large footprints, which results in rapidly diminishing returns for demand charge reduction as the system power size and capacity increase.
About the AC battery
The Eguana AC battery is a certified, grid-ready power control solution preintegrated with LG Chem lithium-ion batteries. The company's solution can be seamlessly integrated with a local energy management system or a distributed fleet control network using open-communication protocols to provide a fully functional energy storage installation. The AC battery provides maximum flexibility for system aggregators that want to deploy it as a stand-alone product, as part of new solar storage installations or as a retrofit to solar PV (photovoltaic) installations already in place.
About Eguana Technologies Inc.
Eguana Technologies designs and manufactures high performance power controls for residential and commercial energy storage systems.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is the leading supplier of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.