Energy Storage Provider Secures Major British Columbia Grid Order

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As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

High-performance energy storage systems provider Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTC) announced it has received an additional order and rollout plan to enhance the flexibility of two selected feeders in the Okanagan region of British Columbia.

This new order builds on a previously announced megawatt rollout targeting 200 homes in Sun Peaks and Harrison Mills. Approximately 60 Eguana Evolve systems will be installed to alleviate grid congestion during peak times and defer capital expenses typically associated with feeder upgrades, the company said. These systems, to be deployed in customer homes, aim to strengthen the local electricity grid while reducing peak loads.

The battery charge and discharge functions will be managed using Eguana's Exchange fleet control software module, which responds to dispatch signals from the utility's DERMS solution provider, Uplight. Uplight is a clean energy technology company that helps utilities and power providers conserve, deploy, and manage distributed energy resources.

"We were happy to receive the follow-on order after the success of both Sun Peaks and Mission rollouts and to continue installing capacity as we enter the peak season," Eguana Chief Executive Officer Justin Holland said. "We are seeing more and more utilities transitioning to advanced battery technology at the edge of the grid to drive grid resiliency, open up additional transmission and distribution capacity on current infrastructure, and provide for significant capital deferral throughout the grid that is typical of traditional upgrades."

Customer engagement from the utility has begun, with the first shipments expected to occur in the coming months, the company said.

The Rise of Electrification 2.0

The rapid transition to renewable energy, especially with the rise of Electrification 2.0, is transforming how utilities plan and manage the grid, according to a recent blog post by Nick Tumilowicz, director of product management for Itron, and Brent Harris, founder and chief operating officer of Eguana.

The companies are working together to address the needs of the accelerated energy transition. As electrification expands to encompass vehicles, heating, and industrial processes, utilities are witnessing load growth rates not seen in decades, they wrote.

"The challenge now is to extract more capacity from existing infrastructure without overbuilding," they explained. "The deployment of demand-side management (DSM) at scale, along with reliable Distributed Energy Resources (DERs), is crucial to the success of these efforts. This also requires smarter orchestration of grid-edge assets through modern operations equipped with real-time visibility, forecasting, and control—capabilities now made possible through scalable, utility-grade platforms like Itron's Grid Edge Intelligence portfolio."

As the grid faces unprecedented pressure from Electrification 2.0, the role of DERs must evolve, they noted. It's no longer sufficient to reduce demand during peak hours; customer-sited resources must now interact with utility operational systems in real time, ensuring reliable performance, verifiability, and cybersecurity.

"Unlike thermostats, managed EV charging, and other deferrable loads, distributed energy storage is the only behind-the-meter asset currently capable of both absorbing and delivering power on demand," the blog stated. "This makes it uniquely suited to support real-time DER coordination, local capacity relief, and grid-edge optimization."

Analyst: Co. Is a Key Player in Energy Transition

*According to an analysis by John Newell of John Newell & Associates on September 26, Eguana has already installed thousands of its proprietary systems across North America, Australia, and Europe, positioning itself as a key player in the accelerating energy transition.

By integrating high-performance storage technology with virtual power plant (VPP) fleet management software, Eguana is targeting both utility-scale distributed resource aggregation and consumer backup markets.

By deploying on-site energy capacity directly where it is most needed, Eguana connects consumers, contractors, and utilities, offering essential solutions as electricity demand rises in the era of electrification, Newell wrote.

Eguana's business model addresses one of the most pressing challenges utilities face today: managing the increasing electricity demand from the electrification of vehicles, heating, and industrial systems without overbuilding costly centralized infrastructure, the expert said. Its distributed energy storage systems can absorb and deliver power on demand, creating flexible grid-edge capacity that supports real-time load balancing, local resiliency, and the integration of renewable energy sources.

The company's systems go beyond consumer backup products; they are engineered for utility-grade reliability, supporting applications such as local capacity relief, fast frequency response, and integration with virtual power plants, he said.

Eguana has validated its technology through partnerships with global leaders like Mercedes-Benz, Duracell Power Center, and the Itochu Corp. The collaboration with Itron successfully integrates Eguana's storage solutions directly into smart meters using open standards, Newell noted. "This interoperability allows utilities to control distributed resources with greater visibility and security, opening the door to scaled adoption," Newell wrote. "With a production capacity of over 24,000 systems annually and relationships with major North American utilities, Eguana is positioned to scale into a utility-driven market projected to exceed +US$100 billion by 2030."

With fundamentals aligned to a market opportunity exceeding US$100 billion and strong tailwinds from the energy transition, Eguana Technologies Inc. was rated as a Speculative Buy by Newell.

The Catalyst: Americans Consuming More Electricity Than Ever

In a significant shift from nearly two decades of stagnant U.S. load growth, Americans are now consuming more electricity than ever, ICF International reported. The rapid expansion of data centers to support AI technology, along with a surge in new manufacturing and oil and gas production, is driving a notable increase in industrial electricity demand.

Additionally, electric vehicles, heat pumps, and other energy-intensive products are further contributing to this growth. ICF's analysis indicated that U.S. electricity demand is projected to rise by 25% by 2030 and by 78% by 2050, compared to 2023 levels. This surge in demand has major implications for the reliability and affordability of electricity. For residential customers, electricity rates could climb by 15% to 40% by 2030, depending on the market. By 2050, some rates might even double.

Frank Holmes compared the current AI advancements to the scale and ambition of the defense expansion during the Reagan era or the shale boom of the 2010s in a piece for U.S. Global Investors dated July 25.

According to Grand View Research, the global data center market size was estimated at US$347.6 billion in 2024 and is projected to reach US$652.01 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.2% from 2025 to 2030. "The rapid adoption of digital transformation initiatives, cloud computing, and emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) have substantially increased data processing and storage requirements," the researchers noted.

Ownership and Share Structure

According to the company, about 0.5% is owned by management and insiders.

24.6% is held by the Japanese ITOCHU Corp., the company said.

The company's market cap of CA$7.24 million, according to LSEG. Its 52-week range is CA$0.05 and CA$0.23.