Pineapple Energy’s E-Gear First to Integrate Testing on the Bring Your Own Device Program
05 Octobre 2023 - 2:00PM
Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of
sustainable solar energy and back-up power to households and small
businesses, announced that subsidiary E-Gear is the first company
to integrate testing with Hawaiian Electric on the upcoming Bring
Your Own Device (BYOD) tariff program through its ConductDER
platform.
The BYOD program will compensate customers through
a bill credit for the use of eligible load-shaping devices that can
provide relevant grid services. The program allows customers to
enroll all relevant devices (e.g., rooftop solar, battery storage,
load control, etc.), regardless of the existing underlying
tariff.
By participating in the initial testing of the BYOD
program, E-Gear is committed to helping refine and optimize this
new solution for Hawaii residents. E-Gear’s expertise in solar
energy and battery storage, combined with Hawaiian Electric's
forward-thinking approach, will ensure that the program operates
efficiently and effectively, benefiting both consumers and the
grid.
“At E-Gear and Hawaii Energy Connection, we are
dedicated to advancing Hawaii's clean energy goals, and the BYOD
program aligns perfectly with our mission,” said Chris DeBone, CEO
of E-Gear and HEC. “We are excited to be at the forefront of this
new program, empowering our customers to take control of their
energy future while contributing to a greener and more sustainable
Hawaii.”
“E-Gear and leader Chris DeBone have played a
significant role in shaping the residential solar industry in
Hawaii to date, and we are proud that they are stepping up to shape
the BYOD program as well,” said Pineapple Energy CEO Kyle Udseth.
“Existing and new customers alike will be able to benefit from this
program when they choose a KumuKit solar energy storage
system.”
E-Gear looks forward to sharing the results of
testing with Hawaiian Electric and the Hawaii Public Utility
Commission, with the goal of supporting a more seamless rollout of
the BYOD program.
About Pineapple EnergyPineapple is
focused on growing leading local and regional solar, storage, and
energy services companies nationwide. Our vision is to power the
energy transition through grass-roots growth of solar electricity
paired with battery storage. Our portfolio of brands (SUNation,
Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar
Power) provide homeowners and small businesses with an end-to-end
product offering spanning solar, battery storage, and grid
services.
Forward-Looking StatementsThis
press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding future financial performance,
future growth or growth opportunities, future opportunities, future
flexibility to pursue acquisitions, future cash flows and future
earnings. These statements are based on the Company’s current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements here due to changes in
economic, business, competitive or regulatory factors, and other
risks and uncertainties, including those set forth in the Company’s
filings with the Securities and Exchange Commission. The
forward-looking statements in this press release speak only as of
the date of this press release. The Company does not undertake any
obligation to update or revise these forward-looking statements for
any reason, except as required by law.
Contacts:
Kyle UdsethChief Executive Officer+1 (952)
996-1674Kyle.Udseth@pineappleenergy.com
Eric IngvaldsonChief Financial Officer+1 (952)
996-1674Eric.Ingvaldson@pineappleenergy.com
Pineapple Energy (NASDAQ:PEGY)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Pineapple Energy (NASDAQ:PEGY)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024