Eguana technologies Energy storage Objectives for 2022 NEW PRODUCTS
Eguana continues to update its product line in response to market needs and technology changes. Eguana is currently working on the following new products:
1. Evolve Max: This is the primary focus of Eguana’s product development efforts. The Evolve Max is a higher power model in the Evolve product line with a power rating of 10kW and base capacity of 28kWh. The Evolve Max was launched in response to growing demand in California and across the U.S. for whole home backup capability. The Evolve Max is expected to be the highest power residential energy storage offering globally at launch.
2. Eguana Cloud Services: As the market matures, Eguana’s customers are demanding improved user experience and the Corporation sees opportunities to directly engage in VPP aggregation opportunities by offering access to its fleet of customers. To support this, Eguana has licensed an EMS platform from its partner E-Gear and expects to develop its own version of this platform over the coming months. Once complete, Eguana will have direct control over the design and details of the user and commissioning interfaces, including in support of the white label partnerships described below, and expects to be able to offer VPP opportunities directly to its customers.
3. White label partnerships: White labelled products are expected to expand the market opportunity for Eguana’s product line with minimal development effort or certification investment. The recent increased interest in residential energy storage may attract large consumer brands and Eguana is aligning its development team to be ready to deliver solutions to these brands, including enclosure and web interface redesigns to allow these brands to differentiate themselves in the market.
4. Battery Module Development: Eguana, in conjunction with its ITOCHU partnership, expects to develop a residential battery module and battery management system based on cell technology next generation cell technology. Future battery supply chain diversification is expected to be critical for energy storage developers and manufacturers to maintain cost and feature profiles, and next generation modules are expected to be based on 24M semi solid state cells which are forecasted to have lower costs and higher safety ratings as compared to currently available technology.
5. Micro Inverters: Eguana launched a suite of micro inverters, the Eguana Enfuse product line, as part of its power controls platform expansion. Micro inverters are expected to continue to play a key role in the energy and power grid transformation. Rooftop solar, including micro inverters, is providing the energy for the energy storage systems, which management believes will be a critical component of grid transformation and electric vehicle infrastructure. The Enfuse line has been developed to accept up to 30% more power than traditional micros, delivering up to 15% more energy annually. The Enfuse line includes single, dual, and quad configurations, accommodating a wide range of system installations. The quad configuration further simplifies installation processes and reduces the number of micro inverters required per install, thus reducing system cost while increasing reliability.