Eguana and Itron Collaborate to Deliver Advanced Utility Control of Distributed Energy Storage
Eguana Technologies (TSXV: EGT) has announced a strategic collaboration with Itron to enhance utility control of distributed energy storage systems. The partnership integrates Eguana's energy storage systems with Itron's IntelliFLEX grid edge DERMS solution, enabling advanced utility control functionality through standards-based integration.
Both companies will market the combined solution to utility customers, particularly targeting those looking to expand distributed energy storage procurement while utilizing established grid edge dispatch and monitoring networks. The integration allows residential energy storage systems to move beyond basic backup power and occasional demand response, positioning them as essential contributors to grid capacity and infrastructure.
Eguana Technologies (TSXV: EGT) ha annunciato una collaborazione strategica con Itron per migliorare il controllo delle utility sui sistemi di stoccaggio energetico distribuito. La partnership integra i sistemi di stoccaggio energetico di Eguana con la soluzione DERMS IntelliFLEX di Itron, consentendo funzionalità avanzate di controllo delle utility attraverso un'integrazione basata su standard.
Entrambe le aziende commercializzeranno la soluzione combinata ai clienti delle utility, mirando in particolare a coloro che desiderano espandere l'acquisto di stoccaggio energetico distribuito, sfruttando le reti di monitoraggio e invio già esistenti. L'integrazione consente ai sistemi di stoccaggio energetico residenziali di andare oltre la semplice fornitura di energia di emergenza e la risposta alla domanda occasionale, posizionandoli come contributori essenziali alla capacità e all'infrastruttura della rete.
Eguana Technologies (TSXV: EGT) ha anunciado una colaboración estratégica con Itron para mejorar el control de las utilidades sobre los sistemas de almacenamiento de energía distribuida. La asociación integra los sistemas de almacenamiento de energía de Eguana con la solución DERMS IntelliFLEX de Itron, permitiendo funcionalidades avanzadas de control de utilidades a través de una integración basada en estándares.
Ambas empresas comercializarán la solución combinada a los clientes de servicios públicos, enfocándose especialmente en aquellos que buscan expandir la adquisición de almacenamiento de energía distribuida mientras utilizan redes de monitoreo y despacho de borde de red ya establecidas. La integración permite que los sistemas de almacenamiento de energía residencial vayan más allá de la simple energía de respaldo y la respuesta a la demanda ocasional, posicionándolos como contribuyentes esenciales a la capacidad y la infraestructura de la red.
에구아나 테크놀로지스 (TSXV: EGT)는 아이트론과의 전략적 협력을 발표하여 분산 에너지 저장 시스템에 대한 유틸리티 제어를 향상시킵니다. 이 파트너십은 에구아나의 에너지 저장 시스템과 아이트론의 IntelliFLEX 그리드 엣지 DERMS 솔루션을 통합하여 표준 기반 통합을 통해 고급 유틸리티 제어 기능을 가능하게 합니다.
두 회사는 결합된 솔루션을 유틸리티 고객에게 마케팅하며, 특히 분산 에너지 저장 조달을 확장하려는 고객을 목표로 합니다. 이 통합은 주거용 에너지 저장 시스템이 기본적인 백업 전원 및 가끔 발생하는 수요 반응을 넘어, 그리드 용량 및 인프라에 필수적인 기여자로 자리 잡도록 합니다.
Eguana Technologies (TSXV: EGT) a annoncé une collaboration stratégique avec Itron pour améliorer le contrôle des services publics sur les systèmes de stockage d'énergie distribuée. Le partenariat intègre les systèmes de stockage d'énergie d'Eguana avec la solution DERMS IntelliFLEX d'Itron, permettant des fonctionnalités avancées de contrôle des services publics grâce à une intégration basée sur des normes.
Les deux entreprises commercialiseront la solution combinée auprès des clients des services publics, ciblant particulièrement ceux qui cherchent à étendre leurs achats de stockage d'énergie distribué tout en utilisant des réseaux de surveillance et de dispatchage déjà établis. L'intégration permet aux systèmes de stockage d'énergie résidentiels d'aller au-delà de la simple alimentation de secours et de la réponse occasionnelle à la demande, les positionnant comme des contributeurs essentiels à la capacité et à l'infrastructure du réseau.
Eguana Technologies (TSXV: EGT) hat eine strategische Zusammenarbeit mit Itron angekündigt, um die Kontrolle der Versorgungsunternehmen über verteilte Energiespeichersysteme zu verbessern. Die Partnerschaft integriert die Energiespeichersysteme von Eguana mit der IntelliFLEX DERMS-Lösung von Itron, was fortschrittliche Kontrollfunktionen für Versorgungsunternehmen durch eine standardbasierte Integration ermöglicht.
Beide Unternehmen werden die kombinierte Lösung an Versorgungsunternehmen vermarkten, insbesondere an solche, die eine Erweiterung der Beschaffung von verteilten Energiespeichersystemen anstreben und dabei bestehende Netzwerkinfrastrukturen für das Monitoring und Dispatch nutzen. Die Integration ermöglicht es Wohn-Energiespeichersystemen, über grundlegende Notstromversorgung und gelegentliche Nachfrageantwort hinauszugehen und sich als wesentliche Beiträge zur Netzkapazität und -infrastruktur zu positionieren.
- Strategic partnership with established grid solutions provider Itron
- Expansion of product capabilities beyond basic backup power
- Access to broader utility customer base through joint marketing
- Integration with existing utility infrastructure reduces adoption barriers
- Implementation timeline and specific financial impacts not disclosed
- Further details of combined solution pending future announcement
Calgary, Alberta--(Newsfile Corp. - March 24, 2025) - Eguana Technologies Inc. (TSXV: EGT) ("Eguana" or the "Company"), a leading provider of high-performance energy storage systems, is pleased to announce it is collaborating with Itron, a leading provider of grid edge monitoring and control solutions, to deliver advanced utility control functionality through a standards-based integration of its energy storage systems with Itron's IntelliFLEX grid edge DERMS solution.
Through the collaboration, Eguana and Itron will jointly, and independently, market the combined solution to respective utility customers, with a focus on utilities that are interested in ramping up distributed energy storage procurement but prefer to use a grid edge dispatch and monitoring network that is already well established and integrated into their operations.
"Grid interactive battery energy storage is one of the most flexible assets we have available on the grid today," said Don Reeves, senior vice president of Outcomes at Itron. "Through this collaboration with Eguana, we are demonstrating how to take advantage of IntelliFLEX, an advanced AMI-enabled grid edge DERMS, as a pathway toward local customer resource management and quantified distribution network value."
"This integrated solution marks a major milestone for the industry" commented Eguana CEO Justin Holland. "No longer will residential energy storage systems be consigned to simply supplying backup power with the occasional optional dispatch for demand response. The integrated IntelliFLEX with Evolve opens the door to deploying energy storage assets as an essential contributor to grid capacity and infrastructure."
Itron® and IntelliFLEX are trademarks of Itron, Inc. in the United States and other countries and regions. Further details of the combined solution will be published in the coming weeks.
About Eguana Technologies Inc.
Eguana's vision is to build the grid of the future by delivering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Our technology provides value to all key stakeholders - from the consumer, to the electricity retailer, the distribution utility, and the system operator.
Since 1998, Eguana Technologies has connected utilities with consumers through its high-performance commercial and residential energy storage solutions. The Eguana product suite has been designed from the ground up with both the end user and the utility in mind to transition the power grid seamlessly.
Manufactured in local facilities across the globe to ensure compliance and quality, Eguana's standardized platform allows the flexibility to ensure each product solution is optimized for use in major grid modernization markets.
To learn more, visit www.EguanaTech.com or follow us on LinkedIn or @EguanaTech on X
Company Inquiries
Justin Holland, CEO
Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com
Forward Looking Statements
The reader is advised that all information herein, other than statements of historical fact, may constitute forward-looking statements and forward-looking information (together, "forward- looking statements") within the meaning assigned by National Instrument 51-102 - Continuous Disclosure Obligations and other relevant securities legislation. In particular, forward-looking statements include, among other things, statements regarding the date or speed for the deployment of solutions with utilities and its anticipated effects, the various benefits associated with the VPP aggregated storage systems, fleet management and feeder load balancing, the effects of the Company's integrated cloud platform, successful integration with DERMS and benefits to consumers and utilities, the success of marketing efforts, the anticipated benefits of the contract with the utility partner and that the Company will be able to fulfil its obligations under the contract, that the Company's grid transition partners will recognize the benefit of Eguana's hardware and software development in North America, the success of product demonstrations, cash flow constraints, and product solutions, strategy and development.
Forward-looking statements are not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Such factors include, but are not limited to, risks associated with: failure by the Company to improve cash flow which would have a material adverse impact on the viability of the business to continue operating; timely collection of accounts receivable; ability to raise capital in debt or equity, as needed, on appropriate terms; effective implementation and deployment of Eguana's products and solutions and building additional partnerships and developing existing partnerships; general economic, market and business conditions; competitive factors; achieving strategic objectives; inability to or delays in sourcing materials; production delays or certification delays: the Company's ability to roll out additional utility pilot programs and demonstrations or deployment; the operational effectiveness and efficiency of the products when in use by utilities; a slower adoption of energy storage technologies and other factors set out in the "Risk Factors" section of the Company's management's discussion and analysis for the three and six months ended June 30, 2024 and Company's management's discussion and analysis for the year ended December 31, 2023, which may be found on its website or at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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FAQ
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