HONOLULU,
Aug. 2, 2018
/PRNewswire/ -- EnSync, Inc. (NYSE
American: ESNC), dba EnSync Energy Systems, the leading provider of
innovative distributed energy resources (DERs) and business models
for residential, commercial and utility installations, and its
subsidiary Holu Energy, a developer of
DER projects in Hawaii, today
announced a 20-year power purchase agreement (PPA) with
Kona Brewing Company to build a
solar-plus-battery storage system at the beer company's new
brewery, under construction in Kailua
Kona.
![](https://mma.prnewswire.com/media/726052/Kona_Solar.jpg)
The installation will consist of a 336-kilowatt (kW)
roof-mounted photovoltaic (PV) system and an EnSync DER
SuperModule™ that contains a 122 kW-hour
battery system to capture and store excess solar generation. The
project also includes the Matrix™ Energy
Management system, which uses DER
FlexTM Internet of Energy
technology to interact with the main grid to find and deliver the
lowest-cost, most reliable electricity from multiple
sources. The resulting solar power is projected to meet one-quarter
of the brewery's electricity needs and will allow the company to
produce a peak output of 6,875 cans of sun-powered beer per
hour.
"This installation offers Kona Brewing a
fully integrated resource to meet its dual goals of using clean
energy and reducing energy costs, which
in Hawaii are the highest in
the nation," said Ted Peck, president of Holu Energy. "Integrating
energy storage with PV will help the brewery reduce expensive peak
demand charges, add resiliency and provide grid services, which
benefits both the local utility and Kona Brewing."
Energy storage will also enable Kona Brewing to
participate in utility Hawaiian Electric's demand
response programs, which incentivize energy efficiency
and stabilize the grid.
"Since it formed over 20 years ago, Kona Brewing has been
committed to making locally brewed beers in an environmentally
responsible way," said Julia Person,
sustainability manager of Kona Brewing. "By partnering with Holu,
we are working with another Hawaiian business to reduce our
imported fossil fuel use and create on-site solar energy that helps
the state meet its renewable energy goals. This partnership
demonstrates how we embrace innovation to maintain our commitment
to the 'Aloha spirit' and the larger Hawaiian
community."
"We are thrilled to deliver cost-effective clean energy to
Kona Brewing, a prominent Hawaiian company with customers around
the country," said Brad Hansen, CEO
of EnSync Energy. "As Hawaii is a hotspot for deploying innovative
solar and storage systems, this project is an exciting milestone in
both our and Holu's ongoing mission to lead in the state's robust
market."
EnSync Energy's tailored project development and financing
support enables investors and local energy consumers to commit to
clean energy cost savings while furthering Hawaii's state goal to achieve 100 percent
renewable energy by 2045. EnSync Energy has contracted 26
commercial projects in Hawaii,
which will account for more than $40
million in electricity sales over the terms of the
agreements.
Construction of the brewery is underway, with installation
of the solar-plus-battery storage system expected to be complete in
early 2019.
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. For more information, visit
www.ensync.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
MatrixTMEnergy Management, DER FlexTM, DER
SuperModule, and AgileTM 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.
About Kona Brewing Co.
Kona Brewing Company was started in Kailua-Kona on the Island of Hawaii in the spring of 1994 by father and son
team Cameron Healy and Spoon Khalsa,
who had a dream to create fresh, local island brews made with
spirit, passion and quality. Today, Kona is Hawaii's largest and favorite craft brewery,
known for top-selling flagship beers Longboard Island Lager and Big
Wave Golden Ale and award-winning innovative small-batch beers
available across the Islands. The Hawaii born and Hawaii-based craft brewery prides itself on
brewing the freshest beer of exceptional quality closest to market.
This helps to minimize its carbon footprint by reducing shipping of
raw materials, finished beer and packaging materials.
Kona Brewing Co. has become one of the top craft beer
brands in the world, while remaining steadfastly committed to its
home market through a strong focus on innovation, sustainability
and community outreach. For more information call 808-334-BREW
(2739) or visit www.KonaBrewingCo.com.
Talk with us via Twitter and Instagram: @KonaBrewingCo
EnSync Energy Media Contact:
Lisa
Nash
Antenna
Group
ensync@antennagroup.com
646-883-4296
Michelle
Montague
mmontague@ensync.com
(262) 735-5676
Investor Relations Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe Dorame
(602) 889-9700
Kona Brewing Company Media Contact:
Adam Krell
CURICH|WEISS
adam@curichweiss.com
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SOURCE EnSync, Inc.