MILWAUKEE, April 18, 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
announces the sale of its Matrix™ Energy Management platform and
IOE software DER Flex™ to serve as the electrical system backbone
for the Alliance for Sustainable Colorado building's retrofit from
AC (alternating current) to DC (direct current) and showcase the DC
system's commercial advantages. The EnSync Energy technology will
manage all onsite renewable energy, energy storage, and the grid
interconnection, synchronizing in real-time to ensure the most
efficient electricity is serving the building loads.
The Alliance for Sustainable Colorado (the Alliance), is a
regional leader in sustainability, and chose their 40,000
square-foot, six-story building in downtown Denver as a laboratory for retrofitting
existing commercial buildings with a DC system that incorporates
renewable energy resources at its core. This first-of-its-kind
project will be thoroughly documented to showcase how converting
commercial buildings to DC increases energy efficiency in the
facility by eliminating conversion losses between AC and DC, and
reducing transmission losses that result when transporting
electricity across long distances.
"EnSync Energy's technology is a DC-based energy synchronization
system at its core. It features the innovative Matrix™ Energy
Management platform because it's ideally suited for
forward-thinking DER microgrids like the Alliance building," said
Brad Hansen, CEO and President of
EnSync Energy Systems. "We share a vision with all the great
companies involved in this initiative because we've witnessed how
DC can significantly improve reliability and efficiencies, drive
down costs and incorporate distributed renewable energy easier than
traditional AC-based electrical systems."
"When we make presentations about DC microgrids we often get
asked how long we think it'll take until these systems will be a
major player, and some industry people report that it'll be years
from now," said John Powers, Founder
and Board President of the Alliance. "That's not our reality.
We are accelerating this system on the basis of commercially
available technology that can build sustainable DC microgrids
today, and have an installed project by summer 2017," he added.
Titled the dcProject, it will be built in phases with the first
phase including a DC infrastructure which can accommodate the total
conversion of the building to DC over time. Elements of the first
phase include, and are enabled by EnSync's Matrix Energy Management
and DER Flex™ technologies:
- Addition of 20 kilowatts of rooftop solar PV
- 84 kilowatt-hours of EnSync Energy lithium-ion energy storage
batteries
- 380 volt DC bus to serve the DC load in the building for the
first floor only, at this time
- EnSync's Energy's DER Flex™ IOE software to provide the
Alliance building with the capability to manage internal loads and
potential future aggregation of DER assets
PVI Construction has provided critical leadership by
coordinating contributors and stakeholders in this ground-breaking
project.
"While we are managing construction and integration of the
enabling technologies, this endeavor means far more to PVI than
just another project," said PVI's principal Bern Gallagher. "We
believe in the future of DC facilities, and therefore are investing
our resources to help achieve the region's first operational DC
microgrid."
Expected to be completed this summer, the first phase of EnSync
Energy technology will manage the electrical load of the first
floor, which houses the Alliance for Sustainable Colorado's office.
Subsequent project phases include expanding the microgrid to
additional floors in the building, electric vehicle charging, and
accommodating additional DERs to support changing loads or serve
more energy applications.
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.
EnSync Energy Media Contact:
Michelle Montague
mmontague@ensync.com
(262) 735-5676
Investor Relations Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe
Dorame
(602) 889-9700
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SOURCE EnSync Energy Systems