Swell's distribution of the Evolve system will expand the product offering on Swell's distributed energy resource (DER) platform, according to Eguana.
"A diversified product portfolio is critical in the residential energy storage business. The addition of the Eguana Evolve will provide Swell's customers, installers, and utilities an advanced, new product opt ion," said Andrew Meyer, head of grid services at Swell. "Our team is already experienced with the Eguana system so it is a natural fit to include it in our product portfolio and extend the offering to our network of partners."
"To date, Swell Energy has built a pipeline of over 35 MWh of residential energy storage projects in California, which it is assembling into a virtual power plant to deliver grid services," stated the company, "Swell's virtual power plant will include more than 2,500 homes across California, making this the largest fleet of home batteries in North America providing grid services."“
"Swell Energy is the Californian leader in the aggregated residential energy storage market creating an ideal opportunity for Eguana to expand into another critical market segment," said Livio Filice, Eguana's director of Residential Sales, North America. "Having the Evolve product available with Swell significantly expands our sales reach on the West Coast ensuring our products are available to homeowners and quality contractors in the Swell stable. And by working with Swell, our systems will be used to provide grid services to utilities, realizing the full potential of the Evolve system."
Swell Energy along with several of its partners have already completed installations of Eguana's AC battery system in California, stated Eguana.
Evolve product certification training will take place over the next two months with new installations expected to occur later this year. Evolve is a fully integrated residential energy storage system that includes the company's proprietary power electronics system, LG Chem low-voltage battery modules, and a comprehensive user interface, stated the company. [NLINSERT]
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Eguana Technologies. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.