Eguana Confirms Additional Volume Orders for the Hawaii Market
CALGARY, Alberta, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) is pleased to announce the receipt of additional volume orders of the Eguana Evolve for the Hawaii market.
Hawaiian Electric’s new CGS+ program, which began in March, was designed to enhance the value of residential energy storage systems compared to the original CGS program by reducing export rates for solar power, incentivizing consumers to increase their solar self-consumption. The Company expects to see increasing storage attachment rates as a result.
“Installations are ramping as usual through the summer toward the peak season in calendar Q4, the additional order volume ensures Eguana Evolves will be available to customers on the islands and their projects will be completed before year end,” commented Brent Harris, Chief Technology Officer for Eguana Technologies
Evolve – Home Energy Storage Systems
Evolve is a fully-integrated residential energy storage system that includes the company’s proprietary power electronics system, LG Chem low-voltage battery modules, and a comprehensive user interface. The system is rated at 5KW AC output with a modular battery design based on a 6.5 kWh battery, which is scalable from 13 to 39kWh in storage capacity. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The package is backed by a 10-year standard warranty.
The Evolve supports grid-connected solar self-consumption, time of use, and backup power. It is now available in the United States and in Caribbean markets, with certification standards matching UL1741, California’s Rule 21, and Hawaii’s Rule 14H.
