The latest announcement is out from Eguana Technologies ( (TSE:EGT) ).
Eguana Technologies has announced that its exclusive megawatt feeder program in British Columbia has surpassed half a megawatt of shipped Eguana Evolve systems in twelve weeks. This program, part of a utility’s Demand Response initiative, aims to strengthen the local electricity grid by managing battery charge and discharge functions through Eguana’s software, thus maximizing grid infrastructure and deferring large capital deployments. The company is also progressing with other projects, including demand response testing in California, planning a rollout in Alberta, and participating in a proposal process with an Ontario utility, indicating a growing trend towards advanced battery integration with grid management systems.
More about Eguana Technologies
Eguana Technologies Inc. is a leading provider of high-performance energy storage systems, focusing on delivering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Since 1998, the company has been connecting utilities with consumers through its commercial and residential energy storage solutions, designed to transition the power grid seamlessly. Eguana’s products are manufactured globally to ensure compliance and quality, optimized for major grid modernization markets.
YTD Price Performance: -53.33%
Average Trading Volume: 14,401
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.16M
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