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."
"This critical milestone allows the company to begin procuring materials for first production units planned in July and customer shipments through the summer," the company stated.
Eguana Technologies indicated that the 10kw Evolve is an "integrated, heavy-duty, home battery, with twice the power and storage capacity of leading competitors, giving homeowners longer duration back up power modes. In addition, it will perform an important role in virtual power plant (“VPP”) infrastructure builds given its increased power and expandable storage capacity."
The company's CEO Justin Holland stated, "Customer preferences in the U.S. 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, Eguana Technologies "designs and manufactures high performance residential and commercial 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 noted that it operates high capacity manufacturing facilities in Australia, Europe and North America.
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