Saturday, October 25, 2025

Latest

Eguana Technologies Expands Operations In Southern California

Eguana Technologies (TSXV: EGT) has further strengthened its supply chain. The company this morning announced that it has expanded its operational capacity within Southern California, a prime market for the energy storage firm.

The expansion within SoCal comes via Noratel, a key supplier of the company with whom Eguana has now expanded its partnership. The expanded arrangement will see Noratel assemble product from Eguana within the region for the US market, with services provided also including packaging, logistics and customer service capabilities.

Commissioning of the assemble capabilities are expected to occur within the current quarter. Prior to the expanded arrangement, Noratel was providing Eguana with magnetics supply. Commenting on the news, Noratel Canada Managing Director Steve Nolan stated, “We have seen a significant order increase with respect to Eguana magnetics over the last several months and our team is excited to execute on the assembly plans and ramp up shipments to Eguana customers.

The arrangement is expected to enable Eguana to continue to scale its business and meet continued demand for its energy storage products within California. First shipments under the arrangement have already been completed, with Eguana notably securing additional off-site storage capacity in the region to assist in handle raw material overflow as the company works to manage its inventory.

“Noratel is a long-standing partner and we were happy to be in position to ramp up material orders with them, along with all our key partners, to scale the business and meet continued demand in California.” 

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

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Eguana Tech: Stifel Reiterates Buy Rating Following Hawaii VPP Announcement

Last week, Eguana Technologies (TSXV: EGT) announced that they received their first order worth $3.6...

Sunday, July 11, 2021, 10:04:00 AM

Eguana Tech Sees Production Increase To 400 Units Per Month With Omega Facility Commissioning

Eguana Technologies (TSXV: EGT) appears to have sorted out prior production issues related to its...

Wednesday, May 25, 2022, 09:56:49 AM

Wood Mackenzie Estimates Energy Storage to Grow at 31% CAGR to 2030

Last week, Wood Mackenize issued a report forecasting the growth of global energy storage capacity....

Monday, October 5, 2020, 11:42:15 PM

Eguana Tech Closes On $38.0 Million In Funding

Eguana Technologies (TSXV: EGT) now has significant money in the bank. The firm announced late...

Thursday, September 1, 2022, 08:24:33 AM

Eguana Launches Cobalt-Free Home Battery System

This morning Eguana Technologies (TSX.V: EGT) announced they have expanded their Evolve residential product line...

Tuesday, July 21, 2020, 10:01:09 AM