MILWAUKEE, Sept. 6, 2017 /PRNewswire/ -- EnSync, Inc. (NYSE
American: ESNC), dba EnSync Energy Systems, a leading
developer of innovative distributed energy resources (DERs), today
announced the launch of a collaborative utility vertical
initiative, targeting investor-owned utilities, independent system
operators (ISOs) and third-party generators. EnSync Energy's Matrix
Energy Management and DER Flex technologies will provide the
initial market entry products and services to accomplish automated
visibility and control of distributed electric generation resources
on both sides of the conventional utility meter.
EnSync Energy contracted Deborah
Galimba, president and chief executive officer of XUTILITY
and a former electric generation interconnection senior consultant
at PG&E, to lead the utility vertical initiative. She will be
responsible for optimizing utility-scale power source deployment,
empowering system operators and tapping into new financial
opportunities in third-party private markets.
"Utilities are struggling to maintain relevancy during a time of
increasing third-party generation contributions," said Galimba.
"DER Flex offers safe distribution solutions that enable utilities
to advance into the 21st century with resource planning
models that move seamlessly between third-party and
utility-controlled energy resources. The grid evolution tools
provide remote visibility to system operators and encourage
third-party energy generation, while allowing utilities to maintain
and extend their roles as the vital service provider. By
modernizing utility infrastructure with the DER Flex and Matrix
technologies, teams can reduce outage risk, increase grid stability
and streamline safe remote power deployment, which ultimately
benefits electricity consumers everywhere."
EnSync Energy has created a fully integrated product ecosystem
that converts behind-the-meter DERs into dispatchable energy
fleets. EnSync Energy's DER Flex and Matrix Energy Management
products communicate over NERC/CIP secure control remote platforms
so that utilities and ISOs can access and control multi-metered
assets and provide additional revenue benefits for the generator
owner.
EnSync Energy's proven technology is currently deployed in an
industrial application with the Canadian utility ENMAX. ENMAX's
site uses the Matrix hardware as a physical power plant aggregator
connecting multiple generation resources. The DER Flex software —
the brains behind the energy — communicates, manages and remotely
dispatches DER assets across the meter for ENMAX's grid stability
needs and revenue opportunities.
Hawaiian Electric Company (HECO) is an early adopter of the
Matrix and DER Flex technologies and has selected EnSync Energy as
a DER aggregator in the Department of Energy (DOE)-funded SEAMS for
SHINES initiative. The HECO program intends to leverage EnSync
Energy's commercially available products to create market
advantages for bidirectional meter control that enhance
utility-controlled grid services.
"We're very pleased to have Deb
Galimba join our efforts, as she shares our vision of how
EnSync Energy technologies are uniquely positioned, as the next
generation grid becomes reality," said Dan Nordloh, EnSync Energy's executive vice
president. "Deb's passion for communicating our distinct
advantage is proving to be instrumental in furthering existing
relationships and opening new conversations with utility industry
leaders. It is rewarding to see the progress of our technology
strategy, and our utility vertical initiative is the next
logical step that offers the opportunity for generating new revenue
growth for EnSync Energy."
About EnSync Energy Systems
EnSync, Inc. (NYSE American: 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
EnSync Energy will be at Booth #6731 at Solar Power
International, Las Vegas
September 11-13.
About XUTILITY
XUTILITY is a WBE certified consulting services firm based in
Fresno, California. The firm is
comprised of former utility renewable interconnection experts that
have pioneered over 1.4 gigawatts of safe and reliable utility grid
tie wind, solar and energy storage generation resources. The team
specializes in oversight of utility and third party critical scope,
schedule and budget execution activities. Their focus is to
streamline the third-party interconnection process and develop
partnership amongst team members to maintain project progress and
achieve a safe, reliable and compliant project delivery. The team
works worldwide, and target markets include: utility grid tie
interconnection, renewable resource deployment, demand response,
grid services integration, electrical vehicles, energy efficiency
and sustainability. For more information, visit
www.xutility.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.
Media Relations Contact:
Antenna
Shreema Mehta
ensync@antennagroup.com
(646) 416-9853
EnSync Energy Company 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