Energy storage firm Eguana gets Australian Solarlab
- Canadian energy storage systems developer Eguana Technologies Inc (CVE: EGT) has actually revealed the acquisition of Australian commercial rooftop solar as well as energy storage options carrier Solarlab Pty Ltd to boost its virtual nuclear power plant (VPP) as well as home building contractors providing.
The value of the purchase continued to be concealed.
Founded in 2017, Solarlab designs and makes solar setups across the nation, both small as well as large-scale residential and also business grid attached and also off-grid battery systems. The Adelaide-based firm likewise offers other energy effectiveness and also air conditioning solutions.
"Settling the layout as well as setup of our energy storage systems strengthens our partnership with utility partners as well as the implementation of virtual power plants, which are set to play a key function in the Australian market," Eguana chief executive officer's Justin Holland noted in a press release.
Calgary, Alberta-based Eguana manufactures household as well as business energy storage systems at its manufacturing facilities in Europe, Australia and also The United States And Canada. It counts Japanese general trader Itochu Corp as a backer.