Source: Streetwise Reports
July 17, 2018 (Investorideas.com Newswire) Firm picks partner with Middle East experience.
The Calgary, Canada-based renewable energy tech company Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) introduced Icarus Enerji Ltd. as its distribution partner covering Turkey, the Middle East, Africa and Central Asia, in a July 12 press release.
"Icarus has extensive experience in solar and renewable energy with expertise in moving products in the Middle East," said Justin Holland, Chief Executive Officer at Eguana Technologies. "The region is relatively untapped from a storage perspective and we are looking forward to distributing Eguana products through Icarus' local networks."
Icarus was founded in 2016 by a group of international renewable energy executives who served in the solar energy business for more than 16 years in several international companies and managed in over 92 countries at Executive levels.
The company has also been involved in specifically Li-Ion battery technologies for several years.
"Eguana's residential 'Evolve' product's simple modular approach will do very well in Middle East markets," said Eren Engur and Hakki Karacaoglan, cofounders of Icarus. "Being partnered with LG Chem and endorsed by Mercedes Benz Energy confirms the reliability and performance we were looking for in our storage solutions."
With its worldwide presence, Eguana aims to provide high-quality services to its partners globally, said the company in the press release,
Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems.
"With two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, Eguana delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America," stated the press release.
With thousands of its proprietary energy storage inverters in the European and North American markets, Eguana is a leading supplier of energy storage solutions for solar self-consumption, grid services and demand charge applications at the grid edge, it said.
To learn more, visit www.EguanaTech.com or follow Twitter @EguanaTech
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