Eguana Technologies Inc. has received its first commercial orders for its AC Battery and that there is growing interest in the energy storage device. First deployments will occur in Alberta, Texas and Colorado, followed by California.

"With final product specifications and pricing completed, it is very encouraging to see the widespread interest in our new commercial product and how quickly it has translated into early orders," said Justin Holland, CEO at Eguana Technologies. "Inquiries are coming from multiple market channels with greatest interest from customers looking to increase their current commercial energy efficiency and EV charging services, along with established developers who have been waiting for a 15kw/30kwh 3-phase product option that fills a long-standing gap in the marketplace."

As the company completes final integration testing and preparation for submission to regulatory certification, lead customers are securing product supply along with Eguana's integration support for their applications with early orders.

Confirmed interest and orders support Eguana's market analysis that a smaller, factory integrated and assembled PCS+Battery product will fill the unmet need in the market for small commercial and EV charging applications.

While larger projects, which have dominated the early market, can accommodate higher overheads and complex financing arrangements, the vast majority of the behind the meter market applications cannot support such large footprints, which result in rapidly diminishing returns for demand charge reduction as the system power size and capacity increases.