Eguana Technologies Inc. announced that it has entered into a development contract with a leading renewable energy company, with significant investments throughout the energy storage supply chain, to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets. The Company has confirmed the contract value of +$1 million and has received upfront payments of over $750,000 with the balance due upon successful product certification. The partner will distribute and sell the new product solution through their channels.