Eguana Technologies

Founded in 1996 by Michael A. Carten, David Anthony Carten, Jon Dogterom, and Brent Harris, Eguana Technologies Inc. operates as a publicly-traded company headquartered in Calgary, Canada. Initially named Sustainable Energy Technologies Ltd., the firm rebranded in September 2013. Brent Harris, one of the original founders and an inventor of the company's core technologies, brings a background in applied science with a focus on power and control systems, which he leveraged to commercialize the company's initial products.

Eguana Technologies designs, manufactures, and markets integrated energy storage systems for residential and small commercial clients across North America, Europe, and Australia. The company’s business model focuses on bridging the gap between electricity supply and demand by providing power electronics for applications like fuel cells, photovoltaics, and batteries. Revenue is generated through the sale of its energy storage hardware and recurring streams from its integrated software applications, such as the Eguana Cloud platform. A key component of its strategy involves a shift from consumer-driven channels to collaborating directly with utilities and Distributed Energy Resource Management System (DERMS) providers. This transition is highlighted by a strategic partnership with Itron to enhance utility control over distributed energy storage systems.

The company's product portfolio includes the Evolve, Enduro, and Elevate series. The Evolve system is a modular, fully-integrated residential solution that combines Eguana's proprietary power electronics with battery modules from partners like LG Chem and Pylontech. It is designed for solar self-consumption, managing time-of-use rates, and providing multi-day backup power. The Enduro is a more compact, all-in-one unit targeted at the European residential market, engineered for simple installation and remote diagnostics. For the commercial sector, the Elevate system is designed to reduce peak demand charges for businesses. These products are supported by a software-driven power control platform and are manufactured in facilities across Europe and North America.

Keywords: energy storage systems, power electronics, smart grid, micro-grid, inverters, residential energy storage, commercial energy storage, renewable energy integration, distributed energy resources, battery storage, virtual power plant, solar self-consumption, grid services, Evolve battery, Enduro battery, power control systems, TSX:EGT, grid infrastructure, utility partnerships, DERMS