MILWAUKEE, June 1, 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 successful commissioning and site operation of the Matrix™ Energy Management system at the District Energy Centre in Calgary, Alberta.
The commissioned EnSync Energy system consists of its Matrix™ control technology, integrating solar, energy storage, and District Energy Centre building loads. DER Flex™, EnSync Energy's IOE control platform, is orchestrating the system in a behind-the-meter demand management configuration, and is also enabling the ENMAX SCADA operator to control front-of-the-meter operation. The "across the meter" functionality described above creates new value stream scenarios for both grid providers and behind-the-meter customers.
"We're very pleased with the progress of our collaboration with ENMAX on this very important DER project," said Brad Hansen, President and CEO of EnSync Energy Systems. "We believe that the grid network of the future will utilize centralized generation and distributed energy resources that will participate in the overall energy supply throughout the network. There will be bi-directional power flows that require the DERs to be controlled by the utility SCADA as well as enable the owner of the DER assets to have real-time market information and participation control. We believe that our Matrix Energy Management system, utilizing DER Flex, enables the grid network of tomorrow, today."
In the coming months, EnSync Energy and ENMAX plan to test various operating scenarios, including utility SCADA controlled, behind-the-meter, and across the meter applications. District Energy Centre will also incorporate a combined heat and power (CHP) system into the overall site operation. EnSync Energy's differentiated Matrix technology seamlessly integrates different types of distributed energy resources to create a dispatchable on-demand power source. DER Flex gives owners and operators a secure, smart, control platform to provide maximum return on energy generating assets.
DER Flex is a highly differentiated communications, control, and data platform that maximizes the value of distributed energy resources. The product enables DER participation in utility and ISO electricity marketplaces, while concurrently running behind-the-meter applications that lower electrical bills. DER Flex prioritizes applications based upon value, while adhering to site specific operating parameters, such as guaranteed back-up power.
Secure firewalls from a trusted third-party cyber security provider are embedded in the DER Flex product, and enable NERC CIP (North American Electric Reliability Corporation Critical Infrastructure Protection) compliant configurations for utility and other mission critical 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 in Hawaii. 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
EnSync Energy Media Contact:
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SOURCE EnSync Energy Systems