- The deal facilitates the Canada-based Eguana Technologies a route to the European marketplace.
- Under the deal, Hanwha Q CELLS would be marketing, selling & distributing Eguana’s energy storage unit across the EU.
Eguana Technologies (Eguana), a Canada-based provider of energy storage systems, has reportedly signed an exclusive European distribution deal with South Korean photovoltaics company, Hanwha Q CELLS Co., Ltd. (Q CELLS).
Reports cite, the deal gives Eguana a new medium through which it could expand across the European power storage marketplace. Under the deal, Q CELLS would be marketing, selling & distributing Eguana’s energy storage unit, called Enduro, across the European Union (EU).
According to a press release by Eguana Technologies, the Enduro power storage unit is a fully-integrated AC-coupled solution designed for self-consumption market of Europe, which allows residential homeowners to utilize their own PV-generated electricity as & when required to significantly cut down upon utility bills and have an emergency backup power source that can be accessed with an integrated power outlet.
The South Korean company has its own installation program called the Q.Partner. Customers can opt-in to the program that enables solar installers to acquire benefits through the company’s networks and leverage the brand, its sales channel as well as training.
The Head of Business Development & System Solutions at Q CELLS, Vincent Lim stated that the company has searched for AC-coupled solutions across the global market that could be incorporated in the company’s Q.HOME package. Lim further added, the firm also believes that Eguana’s Enduro is a product that best exemplifies its commitment to provide top of the line products, quality as well as reliability for its customers & Q.PARTNERS.
According to reports, the initial order would be for 500 units with at least 1,500 more Enduro units to be ordered in the deal’s second year. The financial details related to the exclusive distribution agreement have not been unveiled yet.