Mr. Justin Holland reports

EGUANA AWARDED FUNDING FOR EDGE SOFTWARE DEVELOPMENT

Eguana Technologies Inc. has been selected as an award recipient for the energy innovation challenge, a collaborative program from Decentralized Energy Canada and the City of Medicine Hat aimed at empowering small- and medium-sized Canadian businesses to overcome commercialization obstacles and bring their decentralized energy innovations to market.

The objective of the project is to expand and demonstrate utility-oriented functions in the Eguana Edge distributed energy resource management system on a single feeder. Eguana will install nine Evolve lithium-iron-phosphate battery energy storage systems in the distribution systems at three City of Medicine Hat facilities that allow Medicine Hat's distribution network operators to manage distribution voltage, circuit and feeder loading, balance phases and reduce losses, and increase resiliency to Medicine Hat's grid. Specifically, through the project, Eguana will:

• Develop an operations-specific dashboard and control panel for distribution utility operators that helps them to manage the grid with Eguana systems;
• Develop and validate the autonomous controls on the BESS that support the dashboard;
• Introduce commercial (three phases) configuration of the Evolve product line;
• Evaluate the performance of the systems installed outdoors in a Northern Prairie environment.

"Eguana would like to thank the City of Medicine Hat and Decentralized Energy Canada for providing such a valuable platform to develop and demonstrate these new energy technologies through the energy innovation challenge," said Brent Harris, founder and chief operating officer of Eguana.

"Each kilowatt we can generate and integrate through renewable or decentralized solutions makes our system more efficient. We're proud to test and refine these innovations on their way to market," said Raymond Chokelal, senior engineer with the city's utility distribution systems.

Mr. Harris added: "When people think of behind-the-meter battery energy storage systems, they often think of backup power and energy independence, but these grid-edge batteries offer the greatest value when they can be operated as a fleet to deliver grid services to distribution utilities. Through this project, we will add additional features to our Eguana Edge platform that will provide utility operations teams with better insights and more control, while also demonstrating the operation our advanced energy storage systems in new environments, increasing the visibility of our solutions to the market and expanding the range of applications."

We seek Safe Harbor.