Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update


Energy Firm Approved to Produce Home Battery Systems in South Australia
News Update


The region is a key market for the energy storage systems designer/manufacturer; the company also reported that its order book is approaching $6 million over the last 120 days.

Swell Energy installs the Eguana Evolve in Southern California

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) announced in a news release it will produce its Evolve home battery systems in South Australia after having been approved for two programs.

One is the Home Battery Scheme, in which, as of October 2018, 40,000 South Australian households had and will have access to $100 million in government subsidies to pay for installation of home battery systems. "The Home Battery Scheme will open up the largest demand market in the world," Eguana CEO Justin Holland noted in the release.

In the other program, the government's Clean Energy Finance Corporation program will deliver a $100 million funding package, including flexible loans, to support the home battery scheme. The goal is to help households pay the initial costs for storage technology.

"Under the scheme, priority will be given to system providers that commit to installing approved battery systems that are manufactured or assembled in South Australia, and I'm pleased that Eguana Technologies is bringing their Evolve system to the program," said Dan van Holst Pellekaan, South Australia's minister for energy and mining, said in the release.

Earlier, Eguana had reported that its global partnerships continue to expand and it has received additional orders, an additional $2.5 million in sales orders commencing August, with about 80% of those being re-orders from existing customers.

"With the order book approaching $6 million over the last 120 days, and over 25 new partner companies certified under the Eguana training program, we believe this growth trajectory will not only continue but will accelerate in the coming quarters," stated Justin Holland, CEO of Eguana.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her 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.
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.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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 three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. 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.

Want to read more about Alternative - Solar, Alternative - Cleantech and Alternative Energy investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe