Eguana Technologies (TSXV: EGT) continues to announce significant agreements in the US, following its white-label partnership with Power Center+, the same firm behind the Duracell Power Center. The company this morning revealed it has entered into an agreement with Alternative Energy Southeast (AES), one of the top solar storage providers in the state of Georgia.
The arrangement will see the sale of Eguana’s 5 kW Evolve and 10 kW Evolve Max battery storage systems through AES, which will be sold throughout the southeast region of the United States. The firm has reportedly made an initial order pegged at $2.1 million in value.
As many will recognize, the Evolve Max, at 10 kW and a base capacity of 28 kWh, is not yet on the market. The transaction will see the smaller 5 kW Evolve with base capacity of 14 kWh made available immediately, while the Evolve Max is expected to hit the market in January 2022.
AES is reportedly actively planning the initial installations of Eguana’s products already, with the first product already en route from Eguana’s manufacturing facility in San Jose. Future systems will be delivered over the next twelve months to the company.
“We are thrilled to welcome the entire Alternative Energy Southeast team to our growing partner network as we continue expanding across the nation,” commented Livio Filice, Director of Sales for Eguana, on the major development.
Eguana Technologies last traded at $0.39 on the TSX Venture.
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