Eguana Partners with Leading Alberta Electricity Distributor to Demonstrate Distributed Energy Storage Benefits

Executive Summary

• Eguana Technologies Inc. entered into a collaboration agreement with an Alberta Investor‑Owned Electricity Distributor to demonstrate residential battery energy storage systems.
• The pilot will install Eguana’s advanced storage units in new homes on rapidly growing feeders, providing backup power and assessing grid‑constraint mitigation benefits.
• Results will be used to evaluate business models for distributed storage services and could be scaled across Alberta and similar deregulated markets.

Key Details

• Parties Involved: Eguana Technologies Inc. (TSXV: EGT) and an unnamed Investor‑Owned Electricity Distributor in Alberta.
• Project Scope: Deployment of Eguana’s battery energy storage systems in new residential developments located on feeders experiencing rapid load growth and increased distributed solar penetration.
• Objectives:
• Quantify the value of customer‑sited storage in relieving distribution system constraints.
• Evaluate business models (including third‑party ownership) for delivering storage services while complying with Alberta market regulations.
• Provide participating homeowners with backup power during grid outages.
• Technology Leveraged: Eguana Edge™ platform, building on prior demonstrations supported by PrairiesCan and the City of Medicine Hat through Decentralized Energy Canada’s Energy Innovation Challenge.
• Potential Impact: Creation of a scalable solution for grid resiliency and customer value that could be replicated in other Alberta regions and comparable deregulated electricity markets.

Notable Quotes

“This project allows us to showcase how distributed energy storage can deliver real value to both utilities and homeowners in a deregulated market like Alberta's,” – Brent Harris, Founder and Chief Operating Officer, Eguana Technologies Inc.
“While distribution utilities stand to gain the most from distributed storage, in these cases the full value of the deployed storage fleet capacity can only be realized through a third‑party ownership model or other contractual arrangements.” – Brent Harris