MILWAUKEE, March 20, 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,
announces its new DER Flex™ software will be featured during the
Maui Energy Conference on March 22nd
and 23rd.
DER Flex, the new IOE software platform recently introduced by
EnSync Energy, is showcasing its ability to aggregate distributed
resources which in turn can be monetized for spot market sales of
electricity and grid support services. During the event delegates
will witness DER Flex aggregating and controlling EnSync Energy
technology at commercial sites in real-time to fulfill power
requests commonly initiated by a utility, ISO (independent system
operator) or local grid provider.
Hawaii is a leading U.S. market
for renewable energy generation and both utilities and consumers
are cognizant of the challenges associated with a transition to 100
percent renewable energy. EnSync Energy's technologies eliminate
the intermittency issues inherent to renewable energy generation
and enable renewables to serve as controllable, on-demand
assets. As Hawaii continues to increase the use of renewable
power in its generation portfolio, DER Flex will facilitate the
efficient and effective use of these resources to strengthen grid
stability, as well as provide financial benefits and increased
resiliency to behind-the-meter customers.
"Distributed energy resources, especially solar, are a large
part of Hawaii's electricity
market. With ever-evolving policy changes, grid operators and
behind-the-meter DER owners are increasingly looking for options
that allow them to utilize existing infrastructure, while ensuring
adaptability and revenue growth into the future," said Jim Koeppe, DER Flex Product Manager at EnSync
Energy Systems. "DER Flex is a deployed solution in Hawaii that delivers value to stakeholders on
both sides of the meter."
DER Flex, while often deployed behind-the-meter, is a
utility-grade platform designed for mission critical applications,
and is SCADA and NERC CIP compatible which enables secure and
reliable communication links to utilities and ISOs.
A live-feed of the aggregated sites, two operating in
Hawaii and one on the mainland,
will show via an intuitive dashboard the export of power to the
electrical grid based on simulated grid power requests, real-time
system monitoring of PV production, energy storage availability,
and power flows.
Complementing the live-feed will be a conference presentation by
EnSync Energy's project development subsidiary, Holu Energy,
highlighting behind-the-meter Hawaii-based commercial projects utilizing
EnSync Energy's suite of DER capabilities, including Century West
AOAO and University of the Nations.
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:
|
EnSync Energy
Media Contact:
|
Lytham Partners,
LLC
|
Michelle
Montague
|
Robert
Blum, Joseph Diaz, or Joe
Dorame
|
mmontague@ensync.com
|
(602)
889-9700
|
(262)
735-5676
|
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SOURCE EnSync, Inc.