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Be the first with the news that moves the market- Eguana Technologies (EGT) has expanded its license agreement with Pineapple Energy to include the E-Gear EMC
- This expanded license provides Eguana with direct control of the connection between the Eguana Cloud and its proprietary PCS
- Pineapple is a solar energy service provider and leasing company that provides solar installation for residents and businesses
- Eguana designs and manufactures high performance residential and commercial energy storage systems
- Eguana Technologies Inc. (EGT) is down 2.13 per cent, trading at C$0.23 per share at 10:47 am ET
Eguana Technologies (EGT) has expanded its license agreement with Pineapple Energy to include the E-Gear EMC.
E-Gear EMC is the onsite energy management system used in its energy storage product line. Eguana had previously licensed the cloud-based elements of the E-Gear solution.
This expanded license provides Eguana direct control of the connection between the Eguana Cloud and its proprietary power controls (PCS). It completes the full software stack from user interface and utility APIs all the way through to the embedded power controls and battery management systems.
Brent Harris, Chief Operating Officer of Eguana, commented on the announcement.
“We are very pleased to further advance this agreement with long time partners at Pineapple Energy. It brings all the elements of energy storage software (ESS) and electronics design under our control. We are already accelerating enhancements and tighter control of development will enable us to provide customer-driven updates quickly. It provides more seamless and responsive Virtual Power Plant (VPP) solutions.”
The Energy Management System (EMS) is a key component of any Energy Storage System. It makes local control decisions and provides secure IoT link to the Eguana Cloud, where fleet operating data is stored. The Eguana Cloud will enable full VPP operational control through remote signals based on grid operator or homeowner specific needs.
About Pineapple Energy
Pineapple is a solar energy service provider and leasing company that provides solar installation for residents and businesses. It focuses on growing leading local and regional solar, storage, and energy services companies nationwide.
About Eguana Technologies
Eguana designs and manufactures high performance residential and commercial energy storage systems. The company offers power electronics for fuel cell, photovoltaic and battery applications from its manufacturing facilities in North America, Australia, and Europe.
Eguana Technologies Inc. (EGT) is down 2.13 per cent, trading at C$0.23 per share at 10:47 am ET.
