ENMAX Purchases Energy Storage System from EnSync for
Project
MILWAUKEE, Feb. 7, 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
announced they are working with ENMAX Energy Corporation at the
District Energy Centre site in Calgary,
Alberta, to integrate Solar and Energy Storage with a
Combined Heat and Power system using EnSync's patented Matrix
technology. ENMAX will utilize EnSync's Matrix Supply Response
on Demand capability as part of the system integration and test
several operating scenarios for optimal system performance and
efficiency. ENMAX will provide the combined heat and power and
purchase the energy storage from EnSync. EnSync will provide the
Matrix technology in combination with EnSync's new proprietary
control platform for complete system integration and testing at the
District Energy Centre.
"ENMAX strives to offer innovative energy solutions to help its
customers lower both their operating cost and environmental
footprint," said Ray McKay, VP of
Energy Solutions, ENMAX Energy. "Participating in this pilot
project will help us better understand the integration of
renewables, storage, heat and electricity in this continuously
evolving energy market."
EnSync's Matrix Energy Management platform is a differentiated
technology for easily integrating and controlling distributed
energy resources, such as solar and storage, with great potential
value in leveraging those assets as a controllable on-demand energy
source. Integration with existing energy systems, such as combined
heat and power, demonstrates the flexibility Matrix provides and
the ability to seamlessly add distributed energy resources to
existing commercial and industrial assets. In addition,
Matrix enables future proofing capabilities should the constraints
change on system operation over the lifetime of the
project.
EnSync and ENMAX will configure existing distributed energy
resources at District Energy Centre to enable grid support services
and demonstrate Supply Response on Demand from behind-the-meter
energy resources can create a path to future revenue streams for
owners of distributed energy assets.
"We're very pleased to be working with ENMAX on a project that
has the potential to significantly enhance the value for the
integration of combined heat and power systems, with solar power,
and energy storage," said Brad
Hansen, President and CEO of EnSync Energy Systems. "The
Matrix Energy Management System maximizes the value of distributed
energy resources to the asset owner and to the utility. Matrix
allows optimum simultaneous management of multiple sources of
electricity, while also providing the seamless communication and
control required for the utility to enable real-time supply
response from the distributed energy resources. We look
forward to a very successful collaboration with ENMAX."
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 in Hawaii.
For more information, visit www.ensync.com
About ENMAX Corporation
Through its subsidiaries, ENMAX Power Corporation makes, moves
and sells electricity to residential, small business and large
commercial customers and is headquartered in Calgary, Alberta, with offices in Edmonton. ENMAX Power Corporation owns and
operates transmission and distribution infrastructure in
Calgary and ENMAX Energy
Corporation owns diverse electricity generation facilities
throughout the province. Since 2007, ENMAX has been named one of
Alberta's Top Employers. ENMAX
Energy is currently the retailer of choice for both The
City of Calgary and The
City of Edmonton.
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 Media Contact:
Michelle
Montague
mmontague@ensync.com
(262) 735-5676
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SOURCE EnSync Energy Systems