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Eguana Technologies Inc V.EGT

Alternate Symbol(s):  EGTYF

Eguana Technologies Inc. designs, markets, manufactures and sells fully integrated energy storage solutions, based on its power electronics platform, for global residential and commercial markets. The Company connects utilities with consumers, through its commercial and residential energy storage solutions. The Company also markets and sells a suite of micro inverter products, which are integrated with its energy storage platform, providing consumers with a full solar + storage system architecture for residential and commercial applications. The Company’s product lines are based on a patented, software-driven, advanced power control technology platform. Its products include Evolve and Elevate. Its Evolve is a storage solution for homes large and small, which provides a fully automated backup solution for multi-day power outages. Its Elevate is engineered to reduce peak loads and reduce demand charges for small commercial and industrial applications.


TSXV:EGT - Post by User

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Post by Speedman63on Jun 13, 2010 12:12pm
459 Views
Post# 17184219

Ontario’s Solar Industry Welcomes More German Tale

Ontario’s Solar Industry Welcomes More German Tale
With an eye on Ontario, Conergy and Sustainable Energy Technologies have partnered up to supply Sunergy inverters to one of North America’s most active solar markets. Over the next year, the two companies hope to produce 3MW of clean energy, spread across a number of different projects. First on the list is a 75kW rooftop installation on Brampton’s Metex Heat Treatingfacility.
In high-tech industries, it is not uncommon for such partnerships to emerge, with each side enjoying greater access to knowledge and skills outside of its core expertise. According to Conergy President, Jared Donald, “Partnering with Sustainable Energy was an easy choice as the Sunergy inverters deliver exceptional performance for commercial rooftop solutions with safe, extra-low voltage technology.” He adds, “With the Sunergy inverter and its parallel wiring architecture, our customers will now have access to a highly flexible rooftop inverter that delivers high performance even in non-ideal conditions.”
What sets the Conergy-Sustainable Energy Technologies arrangement apart, however, is the focus with which these two firms are approaching the Ontario market. When multinationals collaborate, they usually do so to service global or national audiences – not provincial ones. Hamburg-based Conergy’s interest in Ontario is especially telling given that Germany has long been the unquestioned leader in solar PV installation.
Part of this shift stems from Ontario’s domestic content requirements mandating that a portion of all parts and labour be sourced locally. Consequently, those looking to tap into the province’s rapidly growing solar market have little choice but to establish a presence in the region.
Chairman of Ontario Solar Network, Jacob Travis, explains, “Ontario’s recent renewable energy legislation is generating great interest around the globe. An industry infrastructure is being developed almost from scratch and the province is poised to become a global leader.”
Ontario-based Oya Solar has been commissioned to develop the upcoming solar plant, outfitted with Sunergy inverters, Sustainable Energy’s Paralex structure, and crystalline PV modules. According to the current schedule, the solar plant could be connected to the grid as early as June 25.
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