Solar home battery firm Eguana to set up in Adelaide, bringing 200 jobs

Canadian energy storage company Eguana Technologies will relocate to Adelaide, with plans to create 200 jobs, as it aims to capitalise on the State Government’s home battery scheme.

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Canadian energy storage company Eguana Technologies is coming to Adelaide with plans to create 200 jobs, as it aims to capitalise on the State Government’s home battery scheme.

Eguana estimates its $12 million investment to assemble and manufacture its battery and storage system, Evolve, in SA will deliver the jobs boost over three years.

The company is one of three from which South Australians can purchase subsidised batteries until an exclusivity deal ends on December 31. The others are global giant Sonnen and Chinese firm Alpha ESS.

The Government’s $100 million home battery scheme provides grants of up to $6000 for 40,000 households to purchase batteries. Additional low interest loans are available for buying batteries and solar panels.

Eguana spokesman Brent Harris said SA’s requirement for smart batteries was the “first of its kind” and the company was pleased to be setting up in the state.

Trade and Tourism Minister David Ridgway said it was a “major coup” for SA to attract another leading international battery manufacturer.

“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 South Australia is a significant win,” he said.

“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.”