Source: Streetwise Reports 08/21/2018
Company responds to strong market conditions of customers seeking storage solutions.
Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) announced that its North American network of Solar Dealer Direct partnerships has been expanded to include new geographical markets as solar PV owners across North America and the Caribbean seek to increase their energy independence and resilience from the power grid while maximizing their solar investment as demand for residential energy storage systems continues to rise.
“In response to strong market conditions, solar contractors continue to seek out cost-competitive, fully integrated energy storage solutions that allow them to quickly expand their product offerings and services,” the company stated in a news release. “Over the past weeks Eguana has been actively securing new Solar Dealer Direct partnerships, making the Eguana Evolve available in high demand pockets across the country. Last week the Company added additional partners in California, Florida and Bermuda.”
The new partnerships include:
Mimeos Sustainability Consultants – a LEED accredited company located in Southern California that is focused on providing turn-key residential, commercial and utility-scale solar power systems.
“Mimeos is currently a Certified Eguana partner who has completed initial installations,” stated the news release. “Additional Evolve systems are scheduled for September with a pipeline of continuing projects planned until the end of the calendar year.”
BE Solar – located in Hamilton, Bermuda, a fourth-generation, 80-year-old company dedicated to providing the highest quality solar and energy efficiency solutions.
“The company has installed over 200 residential solar PV systems and is considered the predominant solar and energy efficiency solutions company in Bermuda,” the company stated.
Initial projects with the company have been identified and are scheduled for completion in September, at which point the company will become a Certified Eguana Partner.
Solar Direct – based in Sarasota, Florida, this company provides a wide range of traditional solar solutions for residential, commercial, recreational, industrial, agricultural, educational and governmental applications.
“The company has been designing, installing and servicing solar products throughout the state of Florida for over 26 years,” the company stated.
Initial projects have been identified with installation and certification scheduled to be completed in September. With the deal, Solar Direct expands Eguana’s footprint into the rapidly growing residential solar energy storage backup power market.
“In a short period of time, Eguana has established a strong Solar Dealer Direct partner network throughout all primary solar markets in the Caribbean,” said Livio Filice, Eguana’s director of residential sales, North America. “The market response from the Caribbean partner network has been positive and we expect this momentum to continue to build through the fall.”
On the mainland Eguana continues to execute on its sales strategy, having established multiple new channel partners in key energy storage markets, a trend that will also continue throughout the balance of the year, the company reported.
Evolve – Home Energy Storage Systems 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.
“The system is rated at 5KW AC output with a modular battery design based on a 6.5 kWh battery, which is scalable from 13 to 39kWh in storage capacity,” the company stated. “The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The package is backed by a 10-year standard warranty.”
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( Companies Mentioned: EGT:TSX.V; EGTYF:OTCQB,