Ability to Utilize Customer-Sited Renewables and Storage Provides Big Benefits to Utilities, Asset Owners and Utility Customers
Milwaukee, WI (Marketwired) - EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, a leading developer of innovative energy management systems for the utility, commercial, industrial and multi-tenant building markets, today announced they will be demonstrating the Matrix Energy Management™ platform's ability to offer electricity supply response on demand at the InterSolar North America conference in San Francisco, July 12 through 14.
EnSync's Matrix platform is a differentiated technology for easily integrating and controlling distributed energy resources, such as solar and storage, with great potential value in leveraging those assets as a controllable, on-demand energy source. The ability to accept an emulated utility signal and return the requested complex power to the grid will be featured through technology situated in EnSync's Wisconsin headquarters and in real-time via a demonstration at the Moscone Center. A fixed amount of positive or negative kilowatts (real power) and VAR (reactive power) commands will be sent for an exact period of time, demonstrating the ability of the Matrix system to complete energy transactions at costs less than typical generation and ancillary equipment.
"Our Matrix Energy Management platform provides the ability to source the most cost-effective and reliable electricity from all available sources, prioritizing in real time electricity from the grid, from distributed generation and from energy storage," said Brad Hansen, President and CEO of EnSync Energy Systems. "Supply response on demand furthers the significance of distributed energy resources, and provides utilities the resources to help resolve numerous grid support issues."
Additionally, EnSync and Open Access Technologies International (OATI) recently announced a strategic alliance that brings together decades of experience to provide utilities with a seamless distributed energy resource and management solution for improved system reliability and economics. As part of this partnership, EnSync is siting the Matrix Energy Management™ platform on OATI's new South Campus, as well as evolving a joint sales and marketing effort to address OATI's expansive utility customer base.
About EnSync Energy Systems
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, is enabling the future of electricity with advanced energy management systems critical to a global economy becoming increasingly reliant upon the expansion of renewable energy. Whether part of the grid power transmission and distribution network, or behind the meter in commercial, industrial and multi-tenant buildings, EnSync technology brings differentiated power control and energy storage solutions to electricity-challenged environments. Our technologies also serve as the system level intelligence in microgrid applications, by seamlessly integrating multiple generation and storage assets to deliver power in remote and community level environments not served by the grid, or areas electing to use the grid secondary to microgrid assets. In 2015, EnSync incorporated power purchase agreements (PPAs) into its portfolio of offerings, enabling electricity savings for customers and providing a stable financial yield for investors. EnSync is a global corporation, with a joint venture in AnHui, China at Meineng Energy, as well as a strategic partnership with Solar Power, Inc. (SPI). 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.
SOURCE: EnSync Energy Systems