- Eguana (EGT) has received over $2.4M in follow-on unit orders for Hawaii’s Battery Bonus Program
- The company will deliver its Evolve storage systems, which provide a fully automated 14-kWh backup solution for multi-day power outages
- The Battery Bonus Program addresses the gap in peaking capacity on Oahu using residential solar power storage systems
- Eguana Technologies designs and manufactures residential and commercial energy storage systems
- Eguana (EGT) is up by 1.82 per cent trading at $0.28 per share
Eguana (EGT) has received over $2.4M in follow-on unit orders for Hawaii’s Battery Bonus Program.
The company will deliver its Evolve storage systems, which provide a fully automated 14-kWh backup solution for multi-day power outages.
The Battery Bonus Program addresses the gap in peaking capacity on Oahu – which is driven by the scheduled retirement of the island’s only coal facility – by using residential solar power storage systems.
Eguana’s partner, Pineapple Energy, who recently acquired Hawaii Energy Connection, is a leading installer for the program.
“The Battery Bonus Program represents a critical turning point for electrical infrastructure planning in America,” said Kyle Udseth, CEO of Pineapple Energy. “Hawaii’s current challenges and solutions are indicative of challenges we will see nationwide in the coming years and we look forward to deploying the industry-leading solutions developed by Hawaii Energy Connection, E-Gear and Eguana across the U.S.A.”
“Recent program modifications are expected to accelerate installations in the short term as more residential solar homeowners participate,” added Justin Holland, Eguana’s CEO. “The Pineapple Energy team in Hawaii is intimately familiar with the Eguana Evolve and we look forward to increasing shipments for the battery bonus program as well as expansion into mainland opportunities with the Pineapple Energy team.”
Pineapple Energy is focused on growing leading local and regional solar, storage and energy services companies across the U.S.
Eguana Technologies designs and manufactures residential and commercial energy storage systems including fuel cell, photovoltaic and battery applications.
Eguana (EGT) is up by 1.82 per cent trading at $0.28 per share as of 12:56 pm EST.
