Eguana Technologies Inc., through its subsidiaries, designs and manufactures power electronics for distributed smart grid and micro-grid applications. It is engaged in the design and manufacture of bi-directional inverters for solar photovoltaic systems, small wind generators, fuel cells, and battery storage systems. The company markets its inverter platform for grid connected solar photovoltaic systems under the PARALEX brand name. Its products are used in applications, such as rural ground-mount, public buildings, solar trackers, and residential and commercial rooftops. The company was formerly known as Sustainable Energy Technologies Ltd. and changed its name to Eguana Technologies Inc. in September 2013. Eguana Technologies Inc. is headquartered in Calgary, Canada.