Up to 200 new jobs will be created over the next three years as a Canadian energy storage firms invests in South Australia’s booming battery sector.
Eguana Technologies will invest $12 million in assembling and manufacturing its cutting edge Evolve home energy storage system in Adelaide.
The global innovator is the latest company to invest in the state’s battery sector, with German energy storage giant Sonnen and Chinese battery manufacturer Alpha-ESS also establishing an SA presence.
The three companies are approved suppliers under the state’s Home Battery Scheme that allows 40,000 households to access up to $6000 in subsidies and low-interest loans to pay for the installation of home batteries and solar.
Until December 31, households can purchase subsidised batteries from Sonnen, Alpha-ESS or Eguana Technologies. Under an agreement with the State Government, the priority period awards system providers who install batteries manufactured or assembled here in SA.
Minister for Trade, Tourism and Investment David Ridgway says he’s pleased to welcome Eguana as the latest international company to invest in SA and commit to manufacturing and assembling their batteries in Adelaide.
“Based in Calgary, Eguana Technologies designs and manufactures high performance residential and commercial storage systems, so to be able to bring their skills and technology to SA is a significant win,” he says.
“Since we announced the Home Battery Scheme, we’ve had fantastic global leaders such as Eguana knocking on our door to be a part of the largest rollout of home batteries in the world.”
Eguana has 20 years of experience in delivering grid edge power electronics for fuel cells, photovoltaics and batteries from its manufacturing facilities in Europe and North America.
Eguana Technologies chief technology officer Brent Harris says the announcement confirms SA as a world leader in the use of solar and battery technology.
“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,” he says.
“We have already begun establishing our manufacturing capabilities in SA and look forward to providing choice to SA energy storage customers.”
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