MILWAUKEE, Dec. 13, 2018 /PRNewswire/ -- EnSync, Inc.
(NYSE American: ESNC), dba EnSync Energy Systems, which is creating
the future of electricity with innovative residential and
commercial solar plus storage systems and Internet of Energy (IOE)
asset control platforms, announced the addition of demand
management capability to the EnSync Home Energy System to create
the "EnSync Smart Home."
The EnSync Smart Home system integrates the management of
on-site solar plus storage with the management of demand from
residential appliances, including electric water heaters, heating,
ventilation and air conditioning systems, lighting sources and
electric vehicle charging stations. By enabling this level of
coordination between photovoltaics (PV), batteries, the utility
grid and home consumption, the system not only optimizes energy for
price and reliability, but also increases energy autonomy.
The product will debut with integration of smart water heater
load control, then expand to integrate electric vehicle charge
control, and finally to other major appliances by the end of next
year.
"The EnSync Smart Home system enables both energy independence
and cost savings by integrating utility rate information and
electricity supply from PV, energy storage and the grid with
electricity demand data from major appliances in the home," said
Brad Hansen, CEO of EnSync Energy.
"For example, by integrating water heater load into the system, we
can intelligently manage heating of the water to occur at lower-use
times of day, such as before anyone in the home wakes up or during
peak PV generation, when the home is producing excess electricity,
to have the water ready for the evening. The system can also
intelligently discharge the battery to offset load sources in order
to minimize grid electricity. This ability to intelligently offset
home loads with storage enables the consumer to minimize adverse
impact from tiered rates, time-of-day rates and demand charges from
the utility, while also maintaining the quality of life and comfort
the homeowner is accustomed to."
The EnSync Smart Home is the latest development of the EnSync
Home Energy System, which debuted in May
2018. Designed for multi-unit properties and residential
communities, the system's modular structure, DC BUS architecture
and IoE communications, command and control platform optimizes the
economics of clean energy for both multi-family properties and
individual homes. Its lithium-iron-phosphate battery chemistry also
ensures greater energy storage safety.
To achieve further grid independence, EnSync Smart Home can also
integrate individual residential units into an energy sharing
network with the EnSync True Peer-to-PeerTM DC-Link. By
allowing individual residential units to exchange electricity
directly with one another, this feature mitigates the
inefficiencies created by vacancy rates, time-of-day absence and
micro-loading effects in multi-unit properties or communities,
increasing utilization of the solar generation across the network
as a whole.
The United States residential
energy storage market outgrew the utility and the commercial energy
storage systems market segments in the first half of 2018,
according to the latest U.S. Energy Storage Monitor. Being able to
manage the energy supply and load in the home in an integrated and
intelligent fashion will be key criteria for achieving market
leadership in the residential energy storage market, which EnSync
Energy estimates will be worth more than $9
billion over the next five years, with a compound annual
growth rate of more than 60 percent.
About EnSync Energy Systems
EnSync, Inc. (NYSE American: 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. For more information, visit
www.ensync.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
EnSync Smart Home Energy System, Matrix™ Energy Management, DER
Flex™, DER Supermodule™, and Agile™ 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.
EnSync Energy Media Contact:
Lisa Nash
Antenna Group
ensync@antennagroup.com
646-883-4296
Michelle Montague
mmontague@ensync.com
(262) 735-5676
Investor Relations Contact:
Lytham Partners,
LLC
Robert Blum, Joseph Diaz, or Joe Dorame
(602) 889-9700
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SOURCE EnSync, Inc.