Press Releases

EnSync Energy Technology to Manage Microgrid at Greenbuild International Conference

BOSTON, Nov. 7, 2017 /PRNewswire/ — EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, a leading developer of innovative distributed energy resources (DERs), and DCfusion, a subsidiary of EnSync Energy and pioneer in direct current (DC) system engineering design, consulting and policy, have been contracted to design and manage the Net Zero Zone and Microgrid Showcase at this year’s Greenbuild International Conference and Expo, the world’s largest green building conference. The design leverages EnSync Energy’s Matrix® Energy Management system and DER Flex™ Internet of Energy software to create a microgrid that will power a part of the exhibition.

Greenbuild’s Net Zero Zone reflects the growing interest in reducing carbon dioxide emissions from buildings, which account for a whopping 39 percent of emissions in the United States—more than any other sector. The exhibition showcases technologies that will help building operators achieve net zero emissions by producing enough renewable energy to offset the energy consumed.

“Getting to ‘net zero’ is possible with the right tools,” said Dan Nordloh, executive vice president of EnSync Energy. “Adding renewable energy sources requires managing DERs in a synchronized manner. At Greenbuild, we will demonstrate how our adaptable hardware-software system manages these energy sources to prioritize and deliver the highest value, most reliable electricity for buildings. Our technology simplifies the complexities behind transitioning to the future of power: cleaner, distributed energy.”

DCfusion is engineering the alternating current (AC)/DC hybrid microgrid, and EnSync Energy’s technologies will serve as its control center. The Net Zero Zone 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 its Matrix Energy Management and DER Flex technology ­– will gather data and determine which power sources to prioritize and ensure the loads are supplied with the most effective energy. The showcase’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. 

The Net Zero Zone and Microgrid Showcase will be located on the main exhibition floor of the Boston Convention and Exhibition Center on November 8 through 10. The Net Zero Zone microgrid will be powered from solar arrays located outdoors near the showcase. An “Unplugging Ceremony,” during which the Net Zero Zone will officially go “off the grid” for the remainder of the conference, will take place on November 8 at 10:15 a.m. Eastern Time.

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: 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 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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