Through the Sustainable Community Networks program, known as PoweredUp Network, Electriq offers zero-upfront cost solar + battery storage systems to qualifying homeowners. There are no income, credit or property lien requirements, making it ideal for low-to-moderate income residents to gain access to reliable, affordable, clean energy. The systems can also lower electricity costs up to 20%, stabilize electric costs by avoiding periods of peak pricing, and provide backup power during power outages.
Electriq is set to launch the PoweredUp Network program to consumers by the end of Q1 2024. Roughly 400,000 residents across 10 communities are expected to be able to take advantage of the program. Participating areas include:
Bassett
'Our vision is to make reliable, affordable, clean energy available to everyone, regardless of means, and our partners share this view, which is why our programs are rapidly growing,' said
TEC, based in
'At TEC, we are committed to breaking down barriers and increasing access and affordability to local clean energy. This partnership is aligned with our mission to help communities most in need,' said
Electriq SCN programs have been growing in popularity, largely driven by homeowners increasingly seeking to lower electricity costs and create energy resiliency. In
Solar + battery storage systems help protect homeowners against economic uncertainties from inflation, rising fuel prices, and utility rate increases. With these systems, homeowners can reduce electricity costs. Additionally, stored energy in the battery system can be used during peak demand periods when utility rates are high, to lower costs or keep the lights on during a power outage.
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 complete, clean, affordable, and resilient energy to all homeowners.
About
Electriq (NYSE:ELIQ), founded in 2014 in the
About
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, its benefits and the number of eligible participants, (iii) the continuation of power outages and electricity rate increases , (iv) expectations regarding our SCN programs, including the demand, timing, growth, popularity, goals, benefits and its availability, and (v) 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
Contact:
Media Electriq
media@electriqpower.com
Media TEC
mlaverty@energycoalition.org
Investor Electriq
ir@electriqpower.com
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