Eguana Technologies adds to US Utility Partner Roster

Joins the NextZero Connected Homes Program in Massachusetts

CALGARY, Alberta, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. (“Eguana”) (TSX.V: EGT) (OTCQB: EGTYF), a developer and manufacturer of high-performance energy storage systems and Virtual Peaker, a cloud-based distributed energy company have partnered with the Massachusetts Municipal Wholesale Electric Company (MMWEC) to join their NextZero Connected Homes Program.

This partnership is the newest addition to its rapidly growing roster of US utility operator partners, as virtual power plants (VPP’s) continue to expand across the United States energy storage market.

The Connected Homes program offers customers of participating Member utilities technology to better utilize smart appliances and devices, such as Eguana’s home energy storage battery systems, to better manage their electric load. This generates cost savings and reduces the carbon footprint of both the utility and its customers. Homeowners will benefit from upfront rebates on Eguana systems and monthly rewards for participating in the program.

Eguana’s Fleet Control can be tailored for participation in a variety of grid solutions, depending on the utility and grid requirements. Eguana’s Energy Management System (EMS) works in conjunction with its Fleet Control, to provide one of the industry’s best distributed storage solutions, for residential environments.

This announcement follows on the heels of an August 17^th announcement of Eguana’s entry into Portland General Electric’s smart battery program.      

“Eguana is pleased to join the NextZero Connected Homes program, alongside our distributed energy platform partner Virtual Peaker,” commented Eguana CEO Justin Holland. “Energy-friendly, grid-connected home batteries play an essential role in modernizing the grid, providing cost savings, and increasing reliability to homeowners while enhancing efficiency and responsiveness of the intelligent grid for utility operators. Utility sponsored programs, like NextZero, will drive the adoption of energy storage systems and we are excited to continue our work with partner Virtual Peaker, as we expand our coverage to include new regions and new virtual power plant programs.”