MILWAUKEE, Sept. 7, 2017 /PRNewswire/ -- EnSync, Inc.
(NYSE American: ESNC), dba EnSync Energy Systems, a leading
developer of innovative distributed energy resources (DERs), and
DCfusion, a pioneer in direct current (DC) system engineering
design, consulting and policy, have designed and will manage the
Smart Energy Microgrid Marketplace on-site microgrid demonstration
system. The design leverages EnSync Energy's Matrix® Energy
Management system and DER Flex™ Internet of Energy software –
creating a microgrid that will power the Smart Energy Microgrid
Marketplace area at Solar Power International (SPI), one of
North America's biggest solar
trade conferences.
DCfusion is engineering the solar-powered microgrid, while
EnSync Energy's technologies will serve as its command and control
center. The Smart Energy Microgrid Marketplace will also provide
connections for companies to demonstrate their technologies working
in real time – including energy storage batteries, hydrogen fuel
cells and more. EnSync Energy's command center, utilizing EnSync
DER Flex technology, will gather data and determine which power
sources to prioritize and ensure the loads are supplied with the
most reliable and cost-effective energy. The Marketplace's lead
organizer is the EMerge Alliance, an open industry association
leading the adoption of DC power distribution in commercial
buildings through the development of EMerge Alliance standards.
DCfusion is an active member.
"Our technologies serve to synchronize DERs in conjunction with
dynamic load requirements, ensuring resiliency and real-time
prioritization of the highest-value energy asset," said
Dan Nordloh, executive vice
president of EnSync Energy. "The microgrid not only showcases the
range of cleantech companies working to advance solar, but it also
provides a vision for the next generation grid, in which
decentralized resources are aggregated to provide grid services
that benefit all energy stakeholders," he said.
By transmitting DC electricity, the microgrid will reduce energy
losses incurred from converting from alternating current (AC) to
DC, which is how electricity is typically distributed to businesses
and residences. DC microgrids are also ideal for integrating solar
power, energy storage and other renewables, as these energy sources
are largely smaller-scale and often natively generate DC
current.
"In designing this microgrid, our goal is to show how effective
a DC infrastructure is in reliably managing and transmitting
electricity while minimizing energy loss," said David Geary, co-founder and principal engineer
of DCfusion. "As electricity consumption shifts to a portfolio
comprised of more renewables, the need for DC-based and hybrid
DC-AC system design becomes increasingly critical. DC
infrastructure is the invisible foundation of a clean energy future
– no one talks about it, but it's crucial to continuing the
acceleration of solar and renewables deployment."
The Smart Energy Microgrid Marketplace will be located in the
Smart Energy Hall at Solar Power International on September 10 through 13 in Las Vegas. EnSync Energy's Matrix Energy
Management platform and DER Flex software system will work together
to manage the flow of power to multiple technologies that will be
connected to it. The microgrid is composed of an on-site utility
power source, energy storage and a live PV array located in the
Convention Center parking lot. The system output will feed a DC
busbar to conduct and transmit electricity to loads within the
Marketplace area.
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
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, Inc.