Mr. Justin Holland reports

EGUANA TECHNOLOGIES JOINS PORTLAND GENERAL ELECTRIC'S VPP PROGRAM

Eguana Technologies Inc. has partnered with Portland General Electric (PGE), an electrical utility based in Oregon, to join its smart battery program.

The smart battery program seeks to install and to connect residential energy storage batteries that will contribute up to 9.5 megawatt-hours of energy to PGE's grid. Once installed and integrated, these battery storage systems will contribute to PGE's virtual power plant (VPP). Residential battery systems can be operated individually or combined to serve the grid, adding flexibility that supports PGE's transition to a cleaner energy future. In addition, these battery storage systems provide customers with a backup energy resource they can rely on in the event of a power outage.

"Eguana is pleased to join PGE's smart battery program. We firmly believe that progressive utilities like PGE are leading the way to drive the mass adoption of VPPs, to add more renewables, to strengthen grid reliability and transition to a distributed energy system," said Justin Holland, chief executive officer at Eguana. "Through the successful integration of our Eguana Cloud with our partner Virtual Peaker's Shift platform, our customers can now earn additional monetary benefits for participating in distributed energy programs such as PGE's smart battery."

Eguana fleet control can be tailored for participation in different grid services, depending on the utility and grid requirements. Eguana energy management system (EMS) works in conjunction with its fleet control to provide one of the industry's best distributed grid solutions in residential environments.

About Eguana Technologies Inc.

Based in Calgary, Alta., Canada, Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid-edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high-quality solutions from its high-capacity manufacturing facilities in Europe, Australia and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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