Electriq Partners with Aveyo to Drive Penetration Of Affordable Solar + Storage
February 06 2024 - 8:00AM
Business Wire
Strategic partnership expands sales &
installation services, allowing Electriq to grow its footprint
Electriq Power Holdings, Inc. (“Electriq”) (NYSE/OTC: ELIQ), a
trusted provider of intelligent energy storage and management
solutions for homes and small businesses, announced a new
partnership with Aveyo. Aveyo will provide customer acquisition and
installation services of Electriq’s solar + battery storage systems
for the company’s Sustainable Community Networks program, PoweredUp
Network.
Electriq’s PoweredUp Network offers a turnkey clean energy
solution that includes everything needed for home energy
independence – solar panels, solar battery storage, management and
monitoring software, installation, and grid services. These systems
are available to homeowners in select geographic locations. There
are no upfront costs or deposits, credit, income or property lien
requirements, making these systems accessible to homeowners of all
socio-economic statuses.
"This partnership shows Electriq’s continued commitment to grow
access to zero-upfront cost, affordable clean energy solutions,”
said Frank Magnotti, CEO of Electriq Power. “The markets we serve
have traditionally been either underserved or completely ignored.
Working with Aveyo allows us to bring a high-touch,
experience-driven approach to those markets, delivering the
knowledge customers need to feel comfortable signing up and the
expertise to provide them with a great installation
experience.”
“We are delighted to bring our expertise in solar sales and deep
knowledge of solar installation to help Electriq grow this program
that helps everyone, regardless of means, gain access to clean
energy," said Jeremy Hammond, CEO of Aveyo. “We look forward to
helping accelerate penetration into key target markets and growing
the adoption of clean energy.”
Electriq’s Sustainable Community Networks programs have been
growing in popularity, largely driven by homeowners increasingly
seeking to lower electricity costs and create energy resiliency.
The company currently has 18 programs – 17 in California and 1 in
Connecticut – with plans to grow.
Solar + battery storage systems help protect homeowners against
economic uncertainties from inflation, rising fuel prices, and
utility rate increases. With these systems, homeowners can reduce
electricity costs. Additionally, stored energy in the battery
system can be used during peak demand periods when utility rates
are high, to lower costs or keep the lights on during a power
outage.
About Electriq Power
Electriq (NYSE/OTC :ELIQ), founded in 2014 in the San Francisco
Bay Area, provides turnkey intelligent energy storage and
management solutions for homes and small businesses. Electriq’s
solutions deliver always-available, low-cost clean energy, even
during intermittent outages and inclement weather. Those solutions
enable cities, municipalities, and utilities to provide their
constituents with a path to sustainable and resilient sources of
energy, regardless of socio-economic status. For more information,
visit www.electriqpower.com.
Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements concern expectations,
beliefs, plans, strategies, anticipated events or trends and
similar expressions concerning matters that are not historical
facts. Forward-looking statements in this press release include
statements regarding: (i) the benefits of solar energy and battery
storage systems, including lower energy costs, protection against
economic uncertainties and the amount homeowners can save on
electricity, (ii) the timing, availability and accessibility of the
PoweredUp Network and its benefits, (iii) the continuation of power
outages, electrical rate increases and demand on the electrical
grid, (iv) expectations regarding our SCN programs, including the
demand, timing, growth, popularity, goals, benefits and its
availability, (v) beliefs regarding our PoweredUp Network’s ability
to deliver complete, clean, affordable and resilient energy to all
homeowners and (vi) beliefs regarding the success of our SCN
programs. These forward-looking statements reflect our current
views about future events and involve assumptions which may be
affected by risks and uncertainties in our business, as well as
other external factors, which could cause future results to
materially differ from those expressed or implied in any
forward-looking statement. For a more detailed discussion of the
risks and uncertainties applicable to Electriq, please see the risk
factors described in Electriq’s filings with the Securities and
Exchange Commission (“SEC”), including, but not limited to,
Electriq’s quarterly report on Form 10-Q filed with the SEC on
November 14, 2023, and other reports filed from time to time with
the SEC. Any forward-looking statement made by Electriq in this
press release speaks only as of the date on which it is made.
Electriq undertakes no obligation to update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
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Media enquiries for
Electriq: media@electriqpower.com
Investor enquiries for Electriq: ir@electriqpower.com
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