MILWAUKEE, Dec. 15, 2017 — 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.
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:
EnSync Energy Media Contact:
Investor Relations Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe Dorame
SOURCE EnSync, Inc.
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