EnergyHub and Eguana Complete Product Integration
Eguana Technologies (TSXV: EGT) has completed the integration of its Evolve platform with EnergyHub's Edge Distributed Energy Resource Management System (DERMS). This partnership marks Eguana's fifth DERMS integration, expanding its virtual power plant (VPP) capabilities across North America.
The integration enables Eguana's energy storage systems to participate in utility flexibility programs operated by EnergyHub, supporting grid reliability and cost reduction. The company will initially focus on Connecticut's Energy Storage Solutions program, which offers upfront and annual performance incentives with specific dispatch requirements.
The Evolve platform is designed to provide comprehensive VPP capabilities for both utility and consumer stakeholders, as utilities increasingly adopt advanced battery storage assets to enhance power grid infrastructure.
Eguana Technologies (TSXV: EGT) ha completato l'integrazione della sua piattaforma Evolve con il Systema di Gestione delle Risorse Energetiche Distribuite di EnergyHub (DERMS). Questa partnership segna la quinta integrazione di DERMS da parte di Eguana, ampliando le sue capacità di impianto di energia virtuale (VPP) in Nord America.
L'integrazione consente ai sistemi di accumulo energetico di Eguana di partecipare ai programmi di flessibilità delle utility gestiti da EnergyHub, supportando l'affidabilità della rete e la riduzione dei costi. L'azienda si concentrerà inizialmente sul programma di Soluzioni di Accumulo Energetico del Connecticut, che offre incentivi iniziali e annuali con requisiti di invio specifici.
La piattaforma Evolve è progettata per fornire capacità VPP complete sia per le utility che per i consumatori, poiché le utility adottano sempre più asset di accumulo energetico avanzati per migliorare le infrastrutture della rete elettrica.
Eguana Technologies (TSXV: EGT) ha completado la integración de su plataforma Evolve con el Sistema de Gestión de Recursos Energéticos Distribuidos de EnergyHub (DERMS). Esta asociación marca la quinta integración de DERMS por parte de Eguana, ampliando sus capacidades de planta de energía virtual (VPP) en América del Norte.
La integración permite que los sistemas de almacenamiento de energía de Eguana participen en los programas de flexibilidad de las utilidades operados por EnergyHub, apoyando la fiabilidad de la red y la reducción de costos. La empresa se centrará inicialmente en el programa de Soluciones de Almacenamiento de Energía de Connecticut, que ofrece incentivos iniciales y anuales con requisitos de despacho específicos.
La plataforma Evolve está diseñada para proporcionar capacidades VPP integrales tanto para las utilidades como para los consumidores, ya que las utilidades adoptan cada vez más activos de almacenamiento de baterías avanzados para mejorar la infraestructura de la red eléctrica.
에구아나 테크놀로지스 (TSXV: EGT)는 에너지허브의 엣지 분산 에너지 자원 관리 시스템 (DERMS)과 Evolve 플랫폼의 통합을 완료했습니다. 이번 파트너십은 에구아나의 다섯 번째 DERMS 통합을 의미하며, 북미 전역에서 가상 발전소(VPP) 기능을 확장합니다.
이 통합은 에구아나의 에너지 저장 시스템이 에너지허브가 운영하는 유틸리티 유연성 프로그램에 참여할 수 있도록 하여, 전력망의 신뢰성과 비용 절감을 지원합니다. 회사는 초기적으로 코네티컷의 에너지 저장 솔루션 프로그램에 집중할 예정이며, 이 프로그램은 특정 발송 요구사항을 갖춘 선불 및 연간 성과 인센티브를 제공합니다.
Evolve 플랫폼은 유틸리티와 소비자 이해관계자 모두를 위한 포괄적인 VPP 기능을 제공하도록 설계되었으며, 유틸리티는 전력망 인프라를 개선하기 위해 점점 더 고급 배터리 저장 자산을 채택하고 있습니다.
Eguana Technologies (TSXV: EGT) a complété l'intégration de sa plateforme Evolve avec le Système de Gestion des Ressources Énergétiques Distribuées d'EnergyHub (DERMS). Ce partenariat marque la cinquième intégration de DERMS par Eguana, élargissant ses capacités de centrale électrique virtuelle (VPP) à travers l'Amérique du Nord.
L'intégration permet aux systèmes de stockage d'énergie d'Eguana de participer aux programmes de flexibilité des services publics gérés par EnergyHub, soutenant la fiabilité du réseau et la réduction des coûts. L'entreprise se concentrera initialement sur le programme de Solutions de Stockage d'Énergie du Connecticut, qui offre des incitations initiales et annuelles avec des exigences de dispatch spécifiques.
La plateforme Evolve est conçue pour fournir des capacités VPP complètes tant pour les services publics que pour les consommateurs, alors que les services publics adoptent de plus en plus des actifs de stockage de batteries avancés pour améliorer l'infrastructure du réseau électrique.
Eguana Technologies (TSXV: EGT) hat die Integration seiner Evolve-Plattform mit dem Edge Distributed Energy Resource Management System von EnergyHub (DERMS) abgeschlossen. Diese Partnerschaft markiert die fünfte DERMS-Integration von Eguana und erweitert die Fähigkeiten seines virtuellen Kraftwerks (VPP) in Nordamerika.
Die Integration ermöglicht es den Energiespeichersystemen von Eguana, an den von EnergyHub betriebenen Flexibilitätsprogrammen der Versorgungsunternehmen teilzunehmen, wodurch die Zuverlässigkeit des Stromnetzes und die Kostenreduzierung unterstützt werden. Das Unternehmen wird sich zunächst auf das Energy Storage Solutions-Programm von Connecticut konzentrieren, das Vorauszahlungen und jährliche Leistungsanreize mit spezifischen Einspeisungsanforderungen bietet.
Die Evolve-Plattform ist darauf ausgelegt, umfassende VPP-Funktionen sowohl für Versorgungsunternehmen als auch für Verbraucherinteressengruppen bereitzustellen, da Versorgungsunternehmen zunehmend fortschrittliche Batteriespeicheranlagen übernehmen, um die Infrastruktur des Stromnetzes zu verbessern.
- Integration with EnergyHub expands market access to utility flexibility programs
- Fifth DERMS integration strengthens North American market coverage
- Access to Connecticut's Energy Storage Solutions program with upfront and performance incentives
- Enhanced virtual power plant capabilities for utility procurement
- None.
Partnership enables Eguana platforms to participate in flexibility programs across North America, helping support a more reliable, affordable energy system
Calgary, Alberta--(Newsfile Corp. - March 11, 2025) - Eguana Technologies Inc. (TSXV: EGT) ("Eguana" or the "Company"), a leading provider of high-performance energy storage systems, is pleased to announce it has completed integration of its Eguana Evolve platform with EnergyHub's Edge Distributed Energy Resource Management System (DERMS).
The EnergyHub partnership will add another best-in-class DERMS provider that is fully integrated with the Evolve platform, opening up additional virtual power plant (VPP) opportunities across North America. The partnership will enable Eguana energy storage systems to participate in utility flexibility programs operated by EnergyHub, helping deliver a more reliable, affordable power system for electricity consumers.
"The team is very happy to complete this integration with EnergyHub opening access to additional utility and energy markets programs," commented Eguana CEO Justin Holland. "We currently have direct utility procurement and demonstration programs going on in a number of North American markets, this partnership will provide additional opportunity for consumers to acquire a backup power system at an affordable price point, that also helps improve grid reliability and reduce costs for all utility customers."
Eguana will first focus on supporting Connecticut's Energy Storage Solutions program, which offers a generous up-front incentive along with an annual performance incentive, both with stringent dispatch requirements.
The Evolve platform has been developed to deliver the full suite of VPP capabilities for utility and consumer stakeholders as utilities continue adopting advanced battery storage assets to improve power grid infrastructure. The EnergyHub partnership marks the fifth DERMS integration for Eguana providing blanket access for utility driven VPP programs across North America.
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
What does the EnergyHub integration mean for Eguana Technologies (EGTYF) customers?
How many DERMS integrations does Eguana Technologies (EGTYF) now have?
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