Commercial Energy Storage Company Eguana Technologies Inc. Up 26%

Commercial Energy Storage Company Eguana Technologies Inc. Up 26%

Shares of Calgary based Eguana Technologies Inc. (TSXV: EGT) were up over 26% to $0.38 on way above average volume. Eguana designs and manufactures high performance power controls for residential and commercial energy storage systems. The Company reported on June 15th that one of its distribution partners had sold the first units of an innovative new Solar+Storage Home Electric Vehicle charging product for existing Net Metering customers in Hawaii.

According to leading research firm Navigant, the market for distributed energy storage systems (DESS) will grow from less than 200MW in 2014 to more than 12,000MW of installed capacity by 2024, which represents a total market opportunity of $16.5B

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