Canadian battery developer Eguana Technologies is the latest company to invest in South Australia’s battery sector under the Marshall Liberal Government’s Home Battery Scheme.
The $12 million investment will see the company, in partnership with its partner company LG, assemble and manufacture its cutting-edge Evolve home energy storage system in Adelaide, creating up to 200 new jobs over the next three years.
Minister for Trade, Tourism and Investment David Ridgway said it’s another major coup for South Australia and comes on the back of German energy storage giant Sonnen and Chinese battery manufacturer Alpha-ESS committing to manufacture and assemble their batteries in Adelaide.
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Minister for Energy and Mining Dan van Holst Pellekaan said Eguana has two decades of experience delivering fuel cell, photovoltaics and batteries, and delivers proven high quality products from its high capacity manufacturing facilities in Europe and North America.
Chief technology officer at Eguana Technologies Brent Harris said they are very excited to be a part of South Australia’s Home Battery Scheme.
“Today’s announcement confirms South Australia is a world leader in the utilisation of solar and battery technology,” Mr Harris said.
“The requirement for smart batteries is the first of its kind and the Evolve product was designed to support sophisticated programs that go beyond basic backup power and reducing consumption.
“We have already begun establishing our manufacturing capabilities in South Australia and look forward to providing choice to South Australian energy storage customers.”
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