Eguana receives $7M micro inverter order
by CM Staff
Eguana has loaded bulk containers with installer and branch level fulfillment orders which it expects to begin shipment in the next four weeks.
CALGARY — Eguana Technologies says it has received its first micro inverter order from the Omega Group.
The order, consisting of single, dual, and quad style micro inverters, totals nearly 26,000 units with a combined value of just over $7 million.
The company says it has loaded bulk containers with installer and branch level fulfillment orders which it expects to begin shipment in the next four weeks.
“We have an incredible opportunity in the US micro inverter market and feedback from our distribution partners has been very clear. There is significant demand for a fully integrated solar + storage solution with a recognizable brand to diversify the market and provide consumers with renewable energy choice” said Eguana CEO Justin Holland in a statement.
“Energy storage and residential rooftop solar will both play critical roles in transforming the power grid and providing desperately needed EV infrastructure, with our partner Omega we now have both readily available.”
Omega Group’s president and CEO, Ray Alessio said that completing the energy storage manufacturing and supply chain transition to his company was a critical step in achieving the company’s goals and that of Eguana. He added that Omega is in good shape to meet customer demand for storage and solar with micro inverter shipments already on the water.
“Distribution growth has been phenomenal and we intend to keep the pedal down and execute this massive opportunity,” said Alessio in a statement.
Eguana says it developed the micro inverter line to accept higher power, reportedly delivering up to 15 per cent more energy annually. Single, dual and quad PV panel configurations are available immediately for distribution.