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:
Investor Relations Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe Dorame
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SOURCE EnSync Energy Systems