SunEdison Partners With Eguana to Supply Battery Storage in Net-Zero Energy Home Pilot Projects
Calgary, Alberta CANADA (September 22, 2015) – SunEdison, the largest global renewable energy development company, has selected Eguana Technologies Inc. (EGT: TSX-V), (“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:
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.