Eguana Technologies Joins Portland General Electric’s VPP program

Source: | · EGUANATECH · | August 17, 2023

CALGARY, Alberta - (August 17, 2023) - Eguana Technologies Inc. ("Eguana" or the "Company") (TSX.V: EGT) (OTCQB: EGTYF), a developer and manufacturer of high-performance energy storage systems, is pleased to announce it has partnered with Portland General Electric (PGE), an electrical utility based in Oregon, to join their 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” says Justin Holland, CEO 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"