High performance residential and commercial energy storage systems manufacturer Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB), announced in a news release that "its 10kW Evolve product has completed construction review and is proceeding to final system certification ahead of schedule."
The company advised that by reaching this important milestone it is now free to start procuring the necessary materials required to produce the first 10kW Evolve units beginning in July and making deliveries to clients throughout this summer.
Eguana Technologies indicated that the 10kw Evolve is an integrated, heavy-duty, home battery engineered to provide twice the power and storage capacity compared to those of its leading competitors, which affords homeowners with the benefit of longer duration back up power modes. The company noted that given its increased power and expandable storage capacity, the 10kw Evolve is expected to be an important component of virtual power plant (VPP) infrastructure builds.
The company's CEO Justin Holland stated, "Customer preferences in the US continue to rapidly shift towards larger systems with expandable storage capacity options to serve both VPP and Whole Home back up markets...Our platform design continues to demonstrate its edge in rapid product development for a market that is constantly changing. Procurement has commenced for 10kW production with first commercial units available in July."
Headquartered in Calgary, Alberta Canada, Eguana Technologies is a designer and manufacturer of high performance commercial and residential energy storage systems. The company to date has deployed thousands of its proprietary energy storage inverters which provide grid edge power electronics for fuel cell, photovoltaic and battery applications including solar self-consumption, grid services and demand charge applications at the grid edge. The company listed that it operates high capacity manufacturing facilities in Australia, Europe and North America.
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