Eguana Selected For Hawaii Virtual Power Plant Program, Receives First $3.6 Million Order

Source: Jay Lutz · THE DEEP DIVE · | July 6, 2021

Source: The Deep Dive

Eguana Technologies (TSXV: EGT) this evening had a major announcement in that it has been selected to deploy its virtual powerplant technologies in Hawaii with the state’s Public Utility Commission. The firms Evolve system is to be deployed under the Emergency Demand Response Program being implemented in the region.

The program has been initiated by the state as a result of the pending closing of the AES coal generating station this September. With current projects slated for the region delayed, the commission has procured 50MW of scheduled dispatch services. Effectively, this translates to the need for 10,000 5kW residential energy storage systems that are to be utilized in conjunction with rooftop solar installations.