One is the Home Battery Scheme, in which, as of October 2018, 40,000 South Australian households had and will have access to $100 million in government subsidies to pay for installation of home battery systems. "The Home Battery Scheme will open up the largest demand market in the world," Eguana CEO Justin Holland noted in the release.
In the other program, the government's Clean Energy Finance Corporation program will deliver a $100 million funding package, including flexible loans, to support the home battery scheme. The goal is to help households pay the initial costs for storage technology.
"Under the scheme, priority will be given to system providers that commit to installing approved battery systems that are manufactured or assembled in South Australia, and I'm pleased that Eguana Technologies is bringing their Evolve system to the program," said Dan van Holst Pellekaan, South Australia's minister for energy and mining, said in the release.
Earlier, Eguana had reported that its global partnerships continue to expand and it has received additional orders, an additional $2.5 million in sales orders commencing August, with about 80% of those being re-orders from existing customers.
"With the order book approaching $6 million over the last 120 days, and over 25 new partner companies certified under the Eguana training program, we believe this growth trajectory will not only continue but will accelerate in the coming quarters," stated Justin Holland, CEO of Eguana.[NLINSERT]
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.