Electriq Power to Launch 10 New Sustainable Community Networks in California Under the PoweredUp Network Program

Electriq Power Holdings, Inc. ("Electriq") ((ELIQ), a trusted provider of intelligent energy storage and management solutions for homes and small businesses, announced today that it will launch 10 new Sustainable Community Networks (SCN) in municipalities in Los Angeles County under one contract.

Through the Sustainable Community Networks program, known as PoweredUp Network, Electriq offers zero-upfront cost solar + battery storage systems to qualifying homeowners. There is no income, credit or property lien requirements, making it ideal for low-to-moderate income residents to gain access to clean, reliable affordable 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 the 10 communities will be able to take advantage of the program.