SunEdison Partners With Eguana to Supply Battery Storage in Net-Zero Energy Home Pilot Project
CALGARY, ALBERTA--(Marketwired - Sept. 22, 2015) - SunEdison, the largest global renewable energy development company, has selected Eguana Technologies Inc. (TSX VENTURE:EGT), ("Eguana" or the Company") a leading supplier of power control and conversion solutions to supply Eguana's AC Battery into several residential energy storage projects in North America. Initial shipments and installations for the first project location have already taken place.
"This project with SunEdison and the Electric Power Research Institute (EPRI) aligns perfectly with our market vision," said Brent Harris, CTO of Eguana Technologies. "This is not just a bunch of individual systems that are operated to the benefit of the homeowner. This Net Zero fleet will operate in unison to deliver value to the community and the local utility as directed by EPRI. We are looking forward to helping paint the path forward on residential energy storage, particularly with respect to community and utility interaction with our partners."
National residential solar installers with the capability to finance and operate fleets of home batteries, and who are motivated to keep raising the grid's carrying capacity for rooftop solar growth, are a key target market for Eguana. Under CPUC's Energy Efficiency Strategic Plan, all new homes in California are set to be net-zero from 2020.
SunEdison's release can be found at: SunEdison Supplies Battery Storage in Net-Zero Energy Home Pilot Project in Fontana, Calif.
Additional coverage can be found from the LA Times, Fontana Herald, PV Magazine, Utility Dive and PV-Tech Storage.
The referenced news release is not Eguana's release and is provided only for informational purposes. The statements therein are not Eguana's statements and may contain forward looking statements. The reader is cautioned that actual results could differ materially from current expectations and assumptions contained in such forward looking statements.
About The AC Battery:
The AC Battery is a pre-integrated and fully certified energy storage system which requires only a grid connection and a dispatch signal to provide a fully functional and durable energy storage installation to the consumer. The AC Battery provides maximum flexibility for system aggregators which want to deploy it as part of new solar storage installations or as a retrofit to solar PV installations already in place.
About Eguana Technologies Inc.
Eguana Technologies Inc. (TSX VENTURE:EGT) designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years' experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.
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.
To learn more, visit www.EguanaTech.com or follow us on Twitter @EguanaTech
(September 22, 2015 - 9:04 AM EDT)
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