MILWAUKEE, March 20, 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, announces its new DER Flex™ software will be featured during the Maui Energy Conference on March 22nd and 23rd.
DER Flex, the new IOE software platform recently introduced by EnSync Energy, is showcasing its ability to aggregate distributed resources which in turn can be monetized for spot market sales of electricity and grid support services. During the event delegates will witness DER Flex aggregating and controlling EnSync Energy technology at commercial sites in real-time to fulfill power requests commonly initiated by a utility, ISO (independent system operator) or local grid provider.
Hawaii is a leading U.S. market for renewable energy generation and both utilities and consumers are cognizant of the challenges associated with a transition to 100 percent renewable energy. EnSync Energy's technologies eliminate the intermittency issues inherent to renewable energy generation and enable renewables to serve as controllable, on-demand assets. As Hawaii continues to increase the use of renewable power in its generation portfolio, DER Flex will facilitate the efficient and effective use of these resources to strengthen grid stability, as well as provide financial benefits and increased resiliency to behind-the-meter customers.
"Distributed energy resources, especially solar, are a large part of Hawaii's electricity market. With ever-evolving policy changes, grid operators and behind-the-meter DER owners are increasingly looking for options that allow them to utilize existing infrastructure, while ensuring adaptability and revenue growth into the future," said Jim Koeppe, DER Flex Product Manager at EnSync Energy Systems. "DER Flex is a deployed solution in Hawaii that delivers value to stakeholders on both sides of the meter."
DER Flex, while often deployed behind-the-meter, is a utility-grade platform designed for mission critical applications, and is SCADA and NERC CIP compatible which enables secure and reliable communication links to utilities and ISOs.
A live-feed of the aggregated sites, two operating in Hawaii and one on the mainland, will show via an intuitive dashboard the export of power to the electrical grid based on simulated grid power requests, real-time system monitoring of PV production, energy storage availability, and power flows.
Complementing the live-feed will be a conference presentation by EnSync Energy's project development subsidiary, Holu Energy, highlighting behind-the-meter Hawaii-based commercial projects utilizing EnSync Energy's suite of DER capabilities, including Century West AOAO and University of the Nations.
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.
Investor Relations Contact:
EnSync Energy Media Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe Dorame
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