Eguana Technologies Inc., a Canadian manufacturer of power electronics for smart grid energy storage, announced today that it and Sonnenbatterie GmbH have agreed to a number of changes to their supply and license agreements.
Under the new supply agreement, Eguana will manufacture for Sonnenbatterie a fully integrated electronics enclosure that meets smart grid standards for all the leading residential energy storage markets. In addition to the Bi-Direx power inverter, Eguana will integrate additional functionality that is currently sourced by Sonnenbatterie from outside suppliers to enable a less complex, highly scalable platform that can be easily assembled close to local demand.
The agreement will also amend the supply and license agreements to include US residential applications, in addition to European markets currently served by Sonnenbatterie. Eguana has already shipped more than 1,000 Bi-Direx units to Sonnenbatterie since entering into the first supply agreement in May, 2013.
Sonnenbatterie is a leader in the rapidly growing home solar energy management market a top supplier in Germany for lithium based energy storage systems. EUPD Research is predicting that the German market for solar energy lifestyle solutions will grow from an estimated 6,000 units in 2013 to 100,000 units per year by 2018.
Bi-Direx, is also a key enabler of lower cost larger cell battery technologies for non-utility scale applications and micro-grids, and is currently in product trials with multiple leading US developers and battery manufacturers. Eguana's patented technology and its proprietary control strategy will also allow Sonnenbatterie to move easily to other battery technologies to suit specific applications, and maintain its market leadership.