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Jabil to manufacture Eguana energy storage systems

Image by Eguana (www.eguanatech.com).

September 4 (Renewables Now) - Energy storage systems developer Eguana Technologies Inc (CVE:EGT) announced on Tuesday that it has selected Florida-based Jabil Inc (NYSE:JBL) as its global manufacturing partner.

The two parties have entered into a multi-year master supply agreement, which will allow Eguana to benefit from Jabil’s more than 100 manufacturing sites and over 200,000 employees around the world.

The Canada-based firm said that its new partner will initially focus on the production of the QCELLS Enduro.

Meanwhile, Eguana has also obtained working capital support from Export Development Canada (EDC). “As orders continue to scale working capital becomes critical to recognizing revenue, and this agreement immediately lowers our cost of capital and allows us to get Jabil started immediately," commented Justin Holland, Eguana CEO.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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