Eguana Technologies Inc. is pleased to announce growing market traction in Hawaii with partner E-Gear LLC and receipt of $1.8M CDN purchase order to meet increasing demand in early 2017.
“With the restoration of market certainty, we are now seeing the acceleration of energy storage sales and installations,” stated Justin Holland, CEO of Eguana Technologies. “It has been a tumultuous year for solar policy in Hawaii however with the addition of energy storage, markets are now moving and we are seeing renewed growth in Hawaii’s solar sector through E-Gear’s solar plus storage solution.”
The industry is relying upon success of the new energy storage driven Customer Self Supply (CSS) program to rebuild the local solar industry. Hawaiian Electric Company has reported a 368% increase in CSS applications since October, the dramatic increase in applications is a big step in rebuilding the local solar sector, which had been reduced by over 40% as a result of previous program changes.
Eguana and E-Gear will continue to work together to ensure product availability to meet growing demands in 2017. “We have maintained a very strong relationship with E-Gear ownership through the utility standstill and it’s exciting to see the hard work of both teams get rewarded with early market leadership” Holland added.
“Being in Hawaii from the beginning of the distributed generation boom, gives us the ability to understand what is needed for a complete and viable solution,” said Steve Godmere, co-founder of E-Gear. “Eguana Technologies’ high-efficiency power control and conversion system and LG Chem’s proven long-life advanced lithium-ion batteries complete the system.”
E-Gear / Eguana / LG Chem is the first advanced energy storage system approved in all 3 Hawaii solar tariffs allowing sales opportunities in both the new and retrofit markets.
“With every system being installed we are inching Hawaii closer and closer to its 100% renewable energy goal. We are effectively creating Hawaii’s largest distributed virtual power plant.” said Chris DeBone, co-founder of E-Gear.
