Canada’s Eguana Technologies to produce battery systems in SA

Eguana Technologies' Evolve energy storage system. Source: eguanatech.com.

Canadian energy storage company, Eguana Technologies, has announced it will produce its home battery systems in South Australia, following approval of its application to the state’s Home Battery Scheme and the CEFC’s home battery financing, which provide access to $100 million in subsidies and low interest loans for residential battery storage.

Eguana Technologies will invest $12 million to assemble and manufacture its Evolve home energy storage systems in Adelaide in partnership with its partner company LG, creating up to 200 jobs over the next three years.

Based in Calgary, Alberta Canada, Eguana Technologies designs and manufactures residential and commercial energy storage systems. From its manufacturing facilities in Europe and North American, Eguana produces power electronics for fuel cell, photovoltaic and battery applications.

The Evolve product, which was tested and recently endorsed by Mercedes Benz Energy, has been designed with full grid services capabilities.

Eguana Technologies CEO, Justin Holland, said South Australia was a key market for the company and that the Home Battery Scheme would open up the largest demand market in the world.

“The Virtual Power Plant requirement for the Home Battery program is the first of its kind, and the Evolve product was designed and developed to deliver a full suite of grid services supporting sophisticated programs like these that go well beyond basic backup power and self-consumption capabilities,” Holland said.

“We have already begun working with South Australian government services to establish supply partners and manufacturing capabilities in South Australia and look forward to supporting the South Australian economy and energy storage customers.”

Eguana’s decision comes on the back of German energy storage company Sonnen and Chinese battery manufacturer Alpha-ESS committing to manufacture and assemble their batteries in Adelaide.

South Australia’s trade and investment minister David Ridgway said the government was pleased to welcome Eguana as the latest international company to invest in South Australia.

“Based in Calgary, Eguana Technologies designs and manufactures high performance residential and commercial storage systems, so to be able to bring their skills and technology to South Australia is a significant win,” Ridgway said.

“Since we announced the Home Battery Scheme, we’ve had fantastic global leaders such as Eguana knocking on our door to be a part of the largest rollout of home batteries in the world.”