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 the sale of a solar-plus-storage power purchase agreement (PPA) project to a leading U.S. infrastructure investor.
The system will be comprised of a suite of EnSync Energy's DER technologies, including two EnSync SuperModule™ systems with Matrix™ Energy Management and EnSync lithium-ion batteries, as well as the DER Flex™ internet of energy (IOE) control platform. The project also includes approximately 400kW of carport-mounted photovoltaics, and will provide electricity to dedicated loads at the Oceanic Time Warner head-end operations center in Kailua-Kona, HI.
"We have a great business model and proven installations demonstrating that solar-plus-storage PPAs are a very effective way to achieve lower electricity prices, sustainable power generation, resiliency and a good return on investment," said Brad Hansen, CEO and President of EnSync Energy Systems. "We're delighted to have another significant success in Hawaii. Our long term commitment and leadership in the state continues to yield great results for the Company."
The EnSync Supermodule™ is a Distributed Energy Resource "in-a-box", with all critical modules in place that enable integration and control of the renewable energy generation, energy storage and grid, such that the most economic electricity available can be used by the load at any given time. Additionally, the DER Flex™ IOE enables complete integration to the grid network, allowing future participation in utility and ISO grid services, including applications such as supply response on demand.
The EnSync Distributed Energy Resource (DER) system will serve Oceanic Time Warner's head-end facility on the Island of Hawaii, which is the critical operating facility that receives television signals for processing and distribution over the island's cable television system.
EnSync | http://www.ensync.com