MILWAUKEE, Dec. 15, 2017 /PRNewswire/ -- EnSync, Inc.
(NYSE American: ESNC), dba EnSync Energy Systems, a leading
developer of innovative distributed energy resources (DERs),
announces the full commissioning and live operation of an advanced
energy generation, storage and management system at a Spectrum
headend facility in Kailua-Kona,
Hawaii, as part of a power purchase agreement owned by a
leading U.S. infrastructure investor.
EnSync Energy's modular technologies enable greater
standardization for similar large-scale telecommunications
facilities to increase renewable energy use and implement demand
charge mitigation. Spectrum, the consumer brand of Charter
Communications, offers a suite of advanced broadband services and
is the second largest cable operator in the United States. The project is sited on a
headend operations facility, which handles the processing and
distributing of broadband data. EnSync Energy designs its systems
based on understanding and predictive analysis of the site's load
profile and behavior. Headend and hub facilities have some of the
flattest building loads, so EnSync Energy developed this specific
system for consistent daily demand.
For Spectrum's Kailua-Kona
facility, the flat load is usually between 90 to 100 kilowatts (kW)
and is now being supplied with 400 kW of carport-mounted
photovoltaics and two EnSync Energy DER SuperModule™ units. The
excess solar energy is stored in the SuperModules' cumulative
1,008-kilowatt hours (kWh) of lithium ion energy batteries. When
on-site solar generation ceases, the system discharges the
batteries to provide the facility with energy. The DER Flex™
software and Matrix™ Energy Management hardware, which are housed
with the energy storage in a SuperModule standard intermodal
container, manage the system's intelligent features.
The scalable and adaptable structure of EnSync Energy's
solutions are not only flexible to the facility's changing needs
but also replicable on a larger supply chain scale with other
headend and hub facilities, facilitating streamlined, homogeneous
implementation across building portfolios. The modular design also
enabled faster project commissioning, which was completed over
seven days.
The system's hardware and software use an Internet of Things
platform to provide visibility into site operations, assess
external variables from market price signals to modeled load needs
and control the system to ensure the highest value, most reliable
power. The Spectrum facility will use the system for various grid
service applications including load shifting and demand charge
mitigation. By addressing the facility's renewable energy use, the
project will support Hawaii's goal
to achieve 100 percent renewable energy by 2045.
EnSync Energy's CEO Brad Hansen
said, "Headend facilities are a backbone for data and bandwidth
support—we're proud to strengthen their operations with a more
sustainable energy backbone. We look forward to supporting
telecommunications and other critical operating infrastructure
projects as more corporations and industries look to improve the
impact of their operations. Our modular solutions are designed to
make using renewable energy easy, strategic and effective."
While the project will not export electricity to the grid, the
system infrastructure has the capability to export, providing the
facility an opportunity to participate in potential export grid
services if offered by the local utility in the future.
About EnSync Energy Systems
EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems
(EnSync Energy), 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.
About Spectrum
Spectrum is a suite of advanced broadband services offered by
Charter Communications Inc., a leading broadband communications
company and the second largest cable operator in the United States. Spectrum provides a full
range of services, including Spectrum TV™ video entertainment
programming, Spectrum Internet™ access, and Spectrum Voice™.
Spectrum Business® similarly provides scalable, tailored, and
cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, business telephone, video and music entertainment
services, and wireless backhaul. More information about Spectrum
can be found at spectrum.com.
Safe Harbor Statement
This press release contains 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," "goal,"
"estimate," "anticipate" or other comparable terms. All statements
other than statements of historical facts included in this press
release regarding our strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Examples of forward-looking statements include, among
others, statements we make regarding project completion timelines,
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 are
neither historical facts nor assurances of future performance.
Instead, they are based only on our current beliefs, expectations
and assumptions regarding the future of our business, future plans
and strategies, projections, anticipated events and trends, the
economy and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Our actual results and financial condition may differ materially
from those indicated in the forward-looking statements. Therefore,
you should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
our historical and anticipated future operation losses and our
ability to continue as a going concern; our ability to raise the
necessary capital to fund our operations and the risk of dilution
to shareholders from capital raising transactions; our ability to
successfully commercialize new products, including our Matrix TM
Energy Management, DER Flex TM, DER SuperModule TM, and Agile TM
Hybrid Storage Systems; our ability to lower our costs and increase
our margins; our product, customer and geographic concentration,
and lack of revenue diversification; the length and variability of
our sales cycle; our dependence on governmental mandates and the
availability of rebates, tax credits and other economic incentives
related to alternative energy resources and the regulatory
treatment of third-party owned solar energy systems; and the other
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 Report(s)
on Form 10-Q. We undertake no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Media Relations Contact:
Antenna
Shreema Mehta
ensync@antennagroup.com
(646) 416-9853
EnSync Energy Media 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, Inc.