Eguana Technologies Inc.
(“Eguana”) (TSX.V: EGT) (OTCQB: EGTYF), a developer and
manufacturer of high-performance energy storage systems and Virtual
Peaker, a cloud-based distributed energy company have partnered
with the Massachusetts Municipal Wholesale Electric Company (MMWEC)
to join their NextZero Connected Homes Program.
This partnership is the newest addition to its
rapidly growing roster of US utility operator partners, as virtual
power plants (VPP’s) continue to expand across the United States
energy storage market.
The Connected Homes program offers customers of
participating Member utilities technology to better utilize smart
appliances and devices, such as Eguana’s home energy storage
battery systems, to better manage their electric load. This
generates cost savings and reduces the carbon footprint of both the
utility and its customers. Homeowners will benefit from upfront
rebates on Eguana systems and monthly rewards for participating in
the program.
Eguana’s Fleet Control can be tailored for
participation in a variety of grid solutions, depending on the
utility and grid requirements. Eguana’s Energy Management System
(EMS) works in conjunction with its Fleet Control, to provide one
of the industry’s best distributed storage solutions, for
residential environments.
This announcement follows on the heels of an
August 17th announcement of Eguana’s entry into Portland General
Electric’s smart battery program.
“Eguana is pleased to join the NextZero
Connected Homes program, alongside our distributed energy platform
partner Virtual Peaker,” commented Eguana CEO Justin Holland.
“Energy-friendly, grid-connected home batteries play an essential
role in modernizing the grid, providing cost savings, and
increasing reliability to homeowners while enhancing efficiency and
responsiveness of the intelligent grid for utility operators.
Utility sponsored programs, like NextZero, will drive the adoption
of energy storage systems and we are excited to continue our work
with partner Virtual Peaker, as we expand our coverage to include
new regions and new virtual power plant programs.”
“MMWEC is excited to strengthen our Connected
Homes program with an expanded suite of available brands, now
including Eguana,” said MMWEC Sustainable Energy Policy and Program
Senior Manager Zoe Eckert. “Demand response programs are only as
operational and impactful to the grid as they are in participation
numbers, and MMWEC is committed to growing our program to include
the devices that residents use and trust.”
“Congratulations to MMWEC and Eguana on this
exciting new partnership. Utilizing Virtual Peaker and Eguana
integrated technologies will provide MMWEC and their customers with
dynamic options to leverage batteries for the NextZero Connected
Homes Program to benefit the grid and reduce energy costs," said
Eric Van Orden, Director of Technology Partnerships at Virtual
Peaker.
About Massachusetts
Municipal Wholesale Electric Company and NextZero
MMWEC is a not-for-profit, public corporation
and political subdivision of the Commonwealth of Massachusetts
created by an Act of the General Court in 1975 and authorized to
issue tax-exempt debt to finance a wide range of energy facilities.
MMWEC provides a variety of power supply, financial, risk
management and other services to the state’s consumer owned
municipal utilities. It has 20 municipal utility members and 30
project participants, and is one of 83 public power joint action
agencies in the United States.
NextZero is a service mark of MMWEC. NextZero is
the energy efficiency and decarbonization program for municipal
light plants (MLPs) across the state and MMWEC serves 21 towns and
their MLPs with the program. NextZero focuses on helping
Massachusetts to reach its net zero carbon emissions goal by 2050.
NextZero’s mission is to provide the most efficient, innovative and
equitable path to energy decarbonization for our
communities.
About Virtual Peaker
Virtual Peaker is a cloud-based distributed
energy company that empowers modern utilities to build the grid of
the future and meet global decarbonization goals. The SaaS
company’s platform suites unify all aspects of DER management, from
DERMS to customer engagement and load forecasting. Virtual Peaker
is a remote-first company that employs more than 45 people in
various locations across the United States. For more information,
visit www.virtual-peaker.com and follow the company on LinkedIn and
Twitter (@VirtualPeaker).
About Eguana Technologies Inc.
Based in Calgary, Alberta Canada, Eguana
Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures
high performance residential and commercial energy storage systems.
Eguana has two decades of experience delivering grid-edge power
electronics for fuel cell, photovoltaic and battery applications,
and delivers proven, durable, high-quality solutions from its
high-capacity manufacturing facilities in Europe, Australia and
North America.
With thousands of its proprietary energy storage
inverters deployed in the European and North American markets,
Eguana is one of the leading suppliers of power controls for solar
self-consumption, grid services and demand charge applications at
the grid edge.
To learn more, visit www.EguanaTech.com or
follow us on Twitter @EguanaTech
Company Inquiries
Justin HollandCEO, Eguana Technologies
Inc.+1.416.728.7635Justin.Holland@EguanaTech.com
Forward Looking Information
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information herein may constitute forward-looking statements within
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relevant securities legislation. Other than statements of
historical fact, we include information and statements contained
herein constitute forward-looking information, including but not
limited to the value of our power controls to the energy storage
market, achieving strategic growth objectives, management’s
expectations regarding consumer interest rates and market growth
and the Company's ability to obtain necessary approvals from the
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Company does not undertake any obligation to release publicly any
revisions to forward-looking information contained herein to
reflect events or circumstances that occur after the date hereof or
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