MILWAUKEE, March 14, 2017 /PRNewswire/ -- EnSync, Inc.
(NYSE MKT: ESNC), dba EnSync Energy Systems, a leading
developer of innovative distributed energy resource (DER) systems
and internet of energy (IOE) control platforms for the utility,
commercial, industrial and multi-tenant building markets, today
introduces DER Flex, technology that enables aggregation and
monetization of DERs, such as solar and energy storage, in utility
and ISO markets.
The ability for DERs to connect with and participate in
real-time utility and ISO energy market pricing optimizes asset
profitability. DER Flex also provides for simultaneous
participation across multiple markets, as well as aggregation and
coordination of multiple DER sites.
The innovative IOE platform provides for numerous applications,
such as demand charge reduction, time-of-use optimization, back-up
power, power factor correction, demand response and supply response
on demand, all designed to monetize resources, ensure resiliency
and provide valuable grid services. Additionally, DER Flex
automates all transactions, precluding operators from having to
become experts in energy markets and transactions.
DER Flex is a utility-grade platform, designed for mission
critical communications, and is SCADA and NERC CIP compatible,
enabling participation in utility and ISO markets. It
includes forecasting, such as solar irradiance, to predict market
opportunities and prioritize applications, as well as provides a
suite of monitoring and reporting capability that utilizes EnSync
Energy cloud computing for simple scalability. It is compatible
with smart-phones, tablets and desktops, and the technology is
already deployed at multiple C&I sites. DER Flex with the
Matrix Energy Management system will be delivered to ENMAX, a
leading Alberta based utility, in
the coming weeks. The DER Flex will also be compatible with
EnSync Energy's residential system that is scheduled to ship at the
end of this calendar year.
"Every utility and every utility customer that deploys
distributed energy resources will ultimately want the ability to
link DERs to the grid network, and will require a platform that
enables this to happen while meeting the utility's security
requirements," said Dan Nordloh,
Executive Vice President of EnSync Energy. "DER Flex is
the first platform that completely integrates and unlocks a myriad
of applications to optimize the exchange of power for both the
utility and the owner of the distributed resources."
When DER Flex is integrated with the Matrix Energy Management
system, it can provide three potential paths to revenue for the
company. First, the DER Flex will be an additional driver of
sales of EnSync Energy's projects as it opens up additional value
streams with the connectivity to utility grid services and
wholesale energy markets. Second, it provides the opportunity
for ongoing revenue sharing or licensing fees once systems are
deployed that participate in the grid services and wholesale
markets. Third, there are existing solar only C&I
facilities that may elect to replace existing inverters with EnSync
Matrix and energy storage systems based upon a capability to access
energy markets and sell production at a premium in spot-market
situations.
"We quietly formed our dedicated Internet of Energy platform
development team a little over a year ago. In that short
amount of time, they have delivered the commercialized DER Flex
product that is critical to linking distributed energy resources
with the utility network and wholesale energy markets. There
are many well-funded, venture-backed companies trying to get a
similar capability into the market, but few have any commercial
installations and no other company provides the complete,
integrated DER plus IOE solution," said Brad Hansen, EnSync Energy President and
CEO. "EnSync continues to be an innovation engine for the
'new energy economy', with a mission to benefit society by
realizing the least expensive and most reliable electricity."
The launch of DER Flex furthers EnSync Energy's position in the
energy ecosystem, as the company now offers Matrix™ energy
management hardware, DER Flex IOE controls, application specific
energy storage, consulting, design engineering and financial and
technical modeling to ensure systems are designed for optimal
operational and financial performance.
About EnSync Energy Systems
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, is
creating the future of electricity with innovative distributed
energy resource (DER) systems and internet of energy (IOE) control
platforms. EnSync Energy ensures the most cost-effective and
resilient electricity, delivered from an electrical infrastructure
that prioritizes the use of all available resources, such as
renewables, energy storage and the utility grid. As project
developer, EnSync Energy's distinctive engagement methodology
encompasses load analysis, system design consulting, and technical
and financial modeling to ensure energy systems are sized and
optimized to meet our customers' objectives for value and
performance. Proprietary direct current (DC) power control
hardware, energy management software, and extensive experience with
numerous energy storage technologies uniquely positions EnSync
Energy to deliver fully integrated systems that provide for
efficient design, procurement, commissioning, and ongoing
operation. EnSync Energy's IOE control platform adapts easily
to ever-changing generation and load variables, as well as changes
in utility prices and programs, ensuring the means to make or save
money behind-the-meter, while concurrently providing utilities the
opportunity to use DERs for an array of grid enhancing services. In
addition to direct system sales, EnSync Energy includes power
purchase agreements (PPAs) in its portfolio of offerings, which
enables electricity savings for customers and provides a stable
financial yield for investors. EnSync Energy is a global
corporation, with joint venture Meineng Energy in
AnHui, China, and energy project
development subsidiary Holu Energy LLC in Hawaii, and DCfusion LLC, a power
system engineering and design, consultancy and policy firm. For
more information, visit www.ensync.com
Safe Harbor Statement
Certain statements made in this press release contain
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 that are intended to be
covered by the "safe harbor" created by those sections.
Forward-looking statements, which are based on certain assumptions
and describe our future plans, strategies and expectations, can
generally be identified by the use of forward-looking terms such as
"believe," "expect," "may," "will," "should," "could," "seek,"
"intend," "plan," "estimate," "anticipate" or other comparable
terms. Forward-looking statements in this press release may address
the following subjects among others: our ability to monetize our
PPA assets, statements regarding the sufficiency of our capital
resources, expected operating losses, expected revenues, expected
expenses and our expectations concerning our business strategy.
Forward-looking statements involve inherent risks and uncertainties
which could cause actual results to differ materially from those in
the forward-looking statements, as a result of various factors
including those risks and uncertainties described in the Risk
Factors and in Management's Discussion and Analysis of Financial
Condition and Results of Operations sections of our most recently
filed Annual Report on Form 10-K and our subsequently filed
Quarterly Reports on Form 10-Q. We urge you to consider those risks
and uncertainties in evaluating our forward-looking statements. We
caution readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
Except as otherwise required by the federal securities laws, we
disclaim any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained
herein (or elsewhere) to reflect any change in our expectations
with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
Investor Relations Contact:
Lytham Partners,
LLC
Robert Blum, Joseph Diaz, or Joe Dorame
(602) 889-9700
EnSync Energy Media Contact:
Michelle
Montague
mmontague@ensync.com
(262) 735-5676
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SOURCE EnSync Energy Systems