Electriq Power Wins 2024 CleanTech Breakthrough Award for “EMS Solution Provider of the Year”
April 10 2024 - 11:00AM
Business Wire
Electriq Power Holdings, Inc. (“Electriq”) (NYSE/OTC: ELIQ), a
trusted provider of intelligent energy storage and management
solutions for homes and small businesses, is proud to announce that
the company has been selected as the “EMS Solution Provider of the
Year” winner of the 2024 CleanTech Breakthrough Awards.
As an honoree of the inaugural award, Electriq was chosen from
among thousands of submissions for the excellence, performance,
value, and impact of the company’s residential solar + storage
solution, the PowerPod 2, and its Sustainable Community Networks
program, referred to as the PoweredUp Network. The award recognizes
the company’s technology and business model as an innovative energy
management systems solution that expands end-user access to
renewable energy-based resilience options.
“We’re thrilled to be recognized for our efforts in providing
truly sustainable and equitable clean energy to traditionally
underserved communities," said Frank Magnotti, CEO of Electriq
Power. “The success of our Sustainable Community Networks is a
testament to the demand for accessible energy management solutions,
and we’re thankful to CleanTech Breakthrough for the opportunity to
highlight our mission as a clean technology industry leader.”
Electriq’s PowerPod 2 is an integrated, grid-connected
residential battery system designed to store and manage solar
power. The system offers a high power output of 7.6kW with 96.6%
round-trip efficiency. The PowerPod 2 is available in three
capacities to meet homeowners’ energy storage needs without
oversizing their systems and to maximize utility bill savings. The
PowerPod 2 features safe and sustainable LFP battery chemistry and
intelligent software that enables the system to cycle through
multiple operating modes, allowing users to manage energy usage for
optimized performance.
By connecting organizations, companies, municipalities, and
local homeowners through Sustainable Community Networks, Electriq
is fostering a shared vision of making the planet a better place.
Through these collaborations, as well as by providing a
comprehensive solution portfolio, Electriq’s PoweredUp Network
makes it possible to deliver clean, affordable, and resilient
energy to all homeowners. Electriq’s Sustainable Community Networks
programs have been growing in popularity, largely driven by
homeowners seeking to lower electricity costs and ensure energy
resilience. The company currently has 17 programs in California –
with plans to expand to other states.
For more information about the 2024 CleanTech Breakthrough
Awards, including the selection process, categories, and winners,
visit https://cleantechbreakthrough.com/.
About Electriq Power
Electriq (NYSE/OTC:ELIQ), founded in 2014 in the San Francisco
Bay Area, provides turnkey intelligent energy storage and
management solutions for homes and small businesses. Electriq’s
solutions deliver always-available, low-cost clean energy, even
during intermittent outages and inclement weather. Those solutions
enable cities, municipalities, and utilities to provide their
constituents with a path to sustainable and resilient sources of
energy, regardless of socio-economic status. For more information,
visit www.electriqpower.com.
Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements concern expectations,
beliefs, plans, strategies, anticipated events or trends and
similar expressions concerning matters that are not historical
facts. Forward-looking statements in this press release include
statements regarding: (i) the benefits of solar energy and battery
storage systems, including lower energy costs, protection against
economic uncertainties and the amount homeowners can save on
electricity, (ii) the timing, availability and accessibility of the
PoweredUp Network and the number of its eligible participants,
(iii) the continuation of power outages and electricity rate
increases and (iv) beliefs regarding our PoweredUp Network’s
benefits and its ability to deliver complete, clean, affordable and
resilient energy to all homeowners. These forward-looking
statements reflect our current views about future events and
involve assumptions which may be affected by risks and
uncertainties in our business, as well as other external factors,
which could cause future results to materially differ from those
expressed or implied in any forward-looking statement. For a more
detailed discussion of the risks and uncertainties applicable to
Electriq, please see the risk factors described in Electriq’s
filings with the Securities and Exchange Commission (“SEC”),
including, but not limited to, Electriq’s quarterly report on Form
10-Q/A filed with the SEC on January 12, 2024 and other reports
filed from time to time with the SEC. Any forward-looking statement
made by Electriq in this press release speaks only as of the date
on which it is made. Electriq undertakes no obligation to update
any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be
required by law.
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Media enquiries for Electriq: media@electriqpower.com
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