MILWAUKEE, WI — (Marketwired) — 10/21/15 — EnSync, Inc. (NYSE MKT: ESNC), dba , a leading developer of innovative energy management systems serving the commercial, industrial, multi-tenant building and utility markets — and its Pacific region project developer Holu Energy — today announce the start of a combined solar energy distributed generation and advanced energy management system project at University of the Nations, located on the island of Hawaii. The total system features a 412-kilowatt solar photovoltaic unit, EnSync–s intelligent energy management platform and hybrid energy storage technology to lower the university–s electricity costs via a 20-year Power Purchase Agreement (PPA), which was first announced on July 7, 2015. The state-of-the-art technology will provide the university protection against power outages, while also benefiting the electricity grid by easing pressure on it.
“After listening to the university–s energy requirements, and considering the island–s electrical grid, Holu and EnSync designed a system that will help them achieve a lower cost of energy, ensure electricity during outages, and support overall grid stability,” said Ted Peck, CEO of Holu Energy. “We are excited about providing the university with technology that meets their critical needs without adding pressure to the electrical network in the area.”
There is a growing market in Hawaii to improve resiliency by providing flexible energy management programs on the customer side of the meter that can keep pace with a changing technology market, as well as evolving energy policy and regulations — both now and well into the future. Business vehicles, like the agreement between EnSync Energy Systems and University of the Nations, are examples of long-term strategies that help energy consumers maximize electricity bill savings in the face of evolving regulations and rate structures over the entire life of an energy project. Incorporating EnSync–s distributed generation energy management platform and storage technologies allows end-users to maximize their energy savings independent of electricity grid limitations and policy constraints. In Hawaii, this includes the ability to seamlessly interconnect to the grid under the new “grid-supply” and “self-supply” interconnection options recently announced by the Hawaii Public Utility Commission, which replace the state–s net energy metering program.
“After reviewing numerous proposals we settled on Holu Energy and the EnSync technology because it aligned well with our vision for the university,” said Pieter Heres, Director of Campus Development for University of the Nations. “The advisory approach of Holu really helped us reach a solution that will not just bring down our costs, but reduces our carbon footprint, and allows us to feel confident we–re prepared for an energy future with a lot of variables.”
The new EnSync system also brings an environmental benefit of alleviating the need for diesel generators that would provide back-up power to elevators on the campus. In the state of Hawaii it is required that any building over seven stories must have back-up power. The solar photovoltaic distributed generation plus the EnSync distributed energy storage system achieves that requirement cleanly, and without the need for dirty diesel power. Increasingly, as in this project, the combination of PV and storage are providing benefits on both sides of the meter when compared to PV-only solutions.
On a university campus it–s typical that a cafeteria is a larger source of energy load. At University of the Nations, this area also serves as a shelter for student and campus employees during an emergency situation. This program is structured so the installed renewable energy and energy management technology allows for long-term operations of that cafeteria and shelter in case of a grid outage.
“We took a comprehensive view of the university–s energy ecosystem to design a system purpose fit for today, but also ensure that our technology meets the forecast requirements they have for years down the road,” said Dan Nordloh, Executive Vice President of EnSync Energy Systems. “A key factor for EnSync is the Matrix Energy Management platform that is highly intuitive in the real-time management of electrons to always achieve the lowest cost and most efficient power, but it also knows how to handle an almost endless number of electrical applications and scenarios that can enter the pipeline over the next decade.”
For this project, Kama–aina Solar Solutions, a Hawaii-based company, is providing the engineering, design and installation, and partnering with Holu Energy and EnSync Energy Systems.
EnSync, Inc. (NYSE MKT: ESNC), dba , is enabling the future of electricity with intelligent 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 (PPA–s) 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 Lotte Chemical in South Korea. For more information, visit: .
Holu Energy LLC is a Honolulu-based energy systems project development company that provides Hawaii and the Pacific Islands with reliable and sustainable energy solutions. Established in 2015, Holu Energy services feature integrated, cost-effective and resilient energy options for commercial, industrial, utility and nonprofit entities. Holu is a partner of EnSync Energy Systems (NYSE MKT: ESNC), an advanced energy management systems company.
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 and 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: 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.
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