Eguana Technologies Inc - EGTYF stock
OTC Symbol: EGTYF | OTC Tier: Pink Current | Related ticker symbols: TSXV: EGT
About[edit]
Eguana Technologies Inc. is a Canadian company that specializes in the design and production of energy storage systems for residential and commercial use, catering to fuel cell, photovoltaic, and battery applications in various regions, including Asia, Australia, Europe, and the United States; the company offers its products under the brand names Enduro, Evolve, and Elevate, and was previously known as Sustainable Energy Technologies Ltd. before rebranding to Eguana Technologies Inc. in September 2013, with its headquarters based in Calgary, Canada.[1]
History[edit]
Eguana Technologies Inc. traces its origin back to its predecessor, Sustainable Energy Technologies Ltd. The company was founded in 1999 in Calgary, Canada, with a focus on developing and commercializing innovative energy technologies, particularly in the area of power electronics and energy storage systems. In its early years, Sustainable Energy Technologies primarily worked on creating advanced power inverters and other technologies to enhance the efficiency and performance of solar photovoltaic (PV) systems. These inverters played a crucial role in converting the DC electricity generated by solar panels into AC electricity suitable for use in homes and businesses.[2]
As the renewable energy industry grew, Sustainable Energy Technologies recognized the increasing importance of energy storage systems to improve the integration and reliability of renewable energy sources, such as solar and wind. The company expanded its efforts to design and manufacture residential and commercial energy storage systems, catering to various applications, including fuel cell, photovoltaic, and battery technologies.[2]
In September 2013, the company underwent a significant rebranding and name change, becoming Eguana Technologies Inc. This rebranding reflected the company's evolution and focus on providing cutting-edge energy storage solutions to customers globally.[3]
Since then, Eguana Technologies has continued to advance its products and technologies, positioning itself as a leading player in the energy storage market. The company's energy storage systems are designed to enhance the integration and optimization of renewable energy sources, offering increased energy efficiency and grid stability.[4]
Eguana Edge™[edit]
Eguana Technologies Inc. unveiled the Eguana Edge™ at the Smart Energy Conference in Halifax. This energy storage solution helps stabilize feeder loading and voltage quality by using a fleet of energy storage assets, offering system-level services such as demand response and frequency regulation. The Eguana Edge™ is currently was demonstrated with utilities in Canada and the USA, particularly for rural areas with stressed feeders or high solar penetration.[5]
BC Hydro[edit]
A collaboration agreement with BC Hydro is to install a megawatt of its Evolve LFP energy storage systems for 200 customers. The project aims to strengthen the local electricity grid and reduce peak loads, with installation expected to be completed by spring 2025. The systems will be managed through Eguana’s Exchange fleet control software and integrated with BC Hydro’s DERMS solution provided by Uplight.[6]
- ↑ Yahoo Finance. EGTYK Stock. Retrieved on 9/10/2023.
- ↑ 2.0 2.1 Equanatech.com. About Us. Retrieved on 9/22/2023.
- ↑ Globe Newswire. Sustainable Energy to Operate Globally as Eguana Technologies Inc. September 4, 2013.
- ↑ Electrical Business. Eguana Technologies emerges from Sustainable Energy Technologies. November 27, 2013.
- ↑ Yahoo. Eguana Introduces Eguana Edge. April 29, 2024.
- ↑ Yahoo. Eguana Announces Exclusive Collaboration with BC Hydro. November 27, 2024.
