Eguana Integrates with AutoGrid and Expands its VPP Network to Accelerate Grid Modernization

CALGARY, Alberta, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. (TSX.V: EGT) (OTCQB: EGTYF), a developer and manufacturer of high-performance energy storage systems, and AutoGrid, an industry leader in harnessing distributed energy resources (DERs) for virtual power plants (VPPs), announce a new partnership, to open additional VPP opportunities for power providers around the globe. Together, Eguana and AutoGrid will support grid resilience, increase sustainability and empower consumers in the transition to net zero.

With the integration of Eguana’s residential energy storage systems into the AutoGrid Flex platform, utilities can promote rapid residential storage adoption and consumer participation for energy transition. AutoGrid Flex supports Eguana’s technology by enabling automated demand response during periods of peak demand, directing the energy storage devices to offset home energy loads, discharge energy back into the grid, and charge up when energy cost is low or from renewable sources. As a result, VPP operators can overcome shortfalls in supply, eliminate outages, avoid additional transmission infrastructure, and bypass the need for heavily polluting peaker power plants.

Further, Eguana joins AutoGrid’s growing network of device makers aggregated and orchestrated into multi-asset VPPs by AutoGrid’s AI-driven Flex platform. In combination, the two companies’ solutions, along with utility rebate programs, help consumers reduce the initial cost of energy storage, cut their ongoing energy costs, and support the integration of clean, renewable energy into the grid.

“Residential energy storage is helping revolutionize how we operate and optimize the grid, and Eguana’s technology is at the forefront of this critical work,” said Gisela Glandt, vice president of VPPs at AutoGrid. “At AutoGrid, we’re thrilled to support our shared mission with this new partnership.”

“We are pleased to partner with AutoGrid and complete the upfront integration of our platforms, which immediately expands our VPP networks,” commented Daljit Ghotra, chief technology officer at Eguana. “Recent data shows over ten million residential customers in the United States were participating in various demand response electricity programs, and the AutoGrid partnership allows us to tailor our Eguana demand response solutions for utility VPP programs.”