Bob Moriarty discusses a tiny Canadian technology company based in Calgary with an award winning battery/power converter that is more powerful, more portable and easier to install than the Tesla equivalent.
Between 2014 and 2024 solar/wind power systems or Distributed Energy Storage Systems (DESS) are predicted to increase some sixty-fold from 200MW to greater than 12,000MW, according to research firm Navigant. That would put the market for DESS at $16.5 billion. Elon Musk plans on cashing in on the demand for this new technology with his Powerwall 2.0 home battery to be produced in his $5 billion “Gigafactory” in Nevada spanning 135 acres for the building alone.
A tiny Canadian technology company based in Calgary has already skunked Tesla with an award winning battery/power converter that is more powerful, more portable and easier to install than the Tesla equivalent. The average home installation would need two of the Tesla Powerwall devices but Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) can provide the same storage capacity with one unit.
A DESS unit is composed of three different elements. You have a power source that can be solar, wind or even the grid itself during non-peak hours. You also have an inverter/power control unit that converts the input power for passing on either to the user or to a storage unit, some form of battery for later use. The power control unit also has to be able to pass higher voltage power back to the grid when necessary or desirable. The third part of the triangle is a battery or storage unit.
Ambrose Evans-Pritchard of The Telegraph just wrote an interesting article about the technology of batteries for DESS in the last week. In the piece he quotes another industry expert, the consulting group McKinsey, as saying they estimate …read more