WESTBROOK, Maine, Dec. 6, 2018 /PRNewswire-PRWeb/ -- Pika
Energy, maker of the Pika Energy Island™ smart solar-plus-storage
platform, announced a price cut of $1,000 for its Coral™ smart battery, effective
immediately. The price reduction follows the previous announcement
of cost reductions to Pika's Harbor™ smart battery line, lowering
prices across all of Pika's smart battery products.
The price reductions have been enabled through scale
efficiencies achieved through rapid sales growth and are designed
to deepen market share in areas where local demand is surging and
other residential storage providers cannot effectively compete on
performance.
"With the recent storms in Puerto
Rico, Florida, Texas and other coastal regions, demand for
powerful energy storage systems has rapidly escalated," said
Ben Polito, CEO of Pika Energy.
"This demand is often going unmet. Our new, lower prices will
enable more of the people who need it most to be able enjoy clean,
reliable backup power."
The Coral smart battery is Pika's entry level system but it
packs serious power, up to 8kW. This affordable and powerful system
will help to meet the surging demand for whole-home backup power in
regions recently impacted by severe weather events. Coral is a safe
and affordable smart battery built on trusted AGM technology. Coral
seamlessly integrates with solar for multi-day protection from
extended grid outages.
"Pika's systems have set the bar for excellence in the Puerto
Rican energy storage market," said Juan C. Díaz-Galarza, Vice
President of Operations at Dynamic Solar in Puerto Rico. "By taking a platform approach,
Pika enables homeowners to add more storage and access more power
as their needs change. This is very important as storms in the
Caribbean continue to intensify
and people look for new technologies to keep their homes safe.
Instead of living in fear the next hurricane, Pika system owners
are ready for the next big storm."
Homeowners are increasingly looking for systems with more power
to keep their homes operating normally when the grid goes down.
Pika's solar-plus-storage systems deliver up to two times the
current and the ability to run major home appliances, like air
conditioning. When needs change due to weather events or new
utility rates, Pika Energy Island system-owners can uniquely
upgrade and expand their system with more or larger batteries,
rather than requiring an entire new system.
The demand for Pika's systems has seen strong growth in the last
year with Pika's Energy Island sales up 400% in 2018 over 2017
sales. "Our growth in Florida and
Puerto Rico alone has been
exponential," said Kristen Helsel,
Vice President of Sales and Marketing for Pika. "Since opening
these markets in early 2018 we have delivered and installed
hundreds of systems and expect to install thousands of Energy
Island systems in this market in 2019."
About Pika Energy, Inc.
Pika Energy, Inc. is a leading manufacturer of U.S.-made direct
current (DC) power electronics. Headquartered in Westbrook, Maine, Pika Energy's award-winning
products include bi-directional islanding inverters, smart
batteries and solar optimizers. All Pika Energy products are
powered by the REbus™ DC Nanogrid, enabling faster installations
and more powerful, efficient performance. Pika Energy's products
enable building owners to collect, store and self-consume energy
from clean sources. Learn more at http://www.pika-energy.com.
SOURCE Pika Energy