Eguana Tech Readies For First Production Of 10kW Evolve Battery Pack

Eguana Technologies (TSXV: EGT) continues to forge ahead with the development of its Evolve energy storage system. The company this morning announced that its 10kW Evolve product has now completed construction review, and is now pushing ahead to final certification.

The news is welcome to investors, with the development of the 10kW pack moving along ahead of schedule. With the move to final certification, the company is now in the process of procuring the raw materials required for the first production units, with the commercial launch of the large battery pack slated for July.

Customers as a result can expect to begin receiving their orders this summer.

The benefit of the 10kW battery pack is that it contains twice the power and storage capacity than that of leading competitors. The product notably also has options for expandable storage capacity, enabling the Evolve to have a role in virtual power plant infrastructure builds.

“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.”

Justin Holland, CEO of Eguana Technologies

Eguana Technologies last traded at $0.37 on the TSX Venture.


FULL DISCLOSURE: Eguana Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Eguana Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Eguana Tech: Virtual Power Plants to Change The Grid – The Daily Dive feat Brent Harris

This weekend on the Daily Dive, we sit down with Brent Harris, whom is the...

Saturday, January 30, 2021, 01:30:00 PM

Eguana Closes Oversubscribed Placement, Expands Product Offerings

Eguana Technologies (TSXV: EGT) this evening announced that it has closed its previously announced brokered...

Monday, November 2, 2020, 04:58:53 PM

Eguana Tech Receives $2.4 Million Order Under Hawaii VPP Program

Orders are beginning to flow in for Eguana Technologies (TSXV: EGT) in relation to their...

Tuesday, August 2, 2022, 09:59:14 AM

Eguana Tech Posts Q1 2021 Revenues Of $1.3 Million

Eguana Tech (TSXV: EGT) last night announced its first quarter financial results. Revenues for the...

Wednesday, March 2, 2022, 08:53:32 AM

California Commission Proposes Changes To Solar Incentives, Negatively Impacting Installers

In a surprising move, one of the five members of the California Public Utilities Commission...

Wednesday, December 15, 2021, 04:32:00 PM