EnSync, Inc. Announce Sale of Solar Plus Storage PPA
February 28, 2018 at 07:00 am EST
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EnSync, Inc. announced the sale of a 20-year power purchase agreement (PPA) it arranged on behalf of J. Walter Cameron Center (JWCC) to an undisclosed investor. The PPA will bring the nonprofit incubator space nearly half a million dollars in savings during the terms of the agreement. EnSync Energy's project engineers consulted with JWCC to size the non-exporting system to meet the center's current operational needs while allowing room for expansion. The resulting solar plus storage project encompasses a 148-kW photovoltaic (PV) installation and EnSync Energy's DER SuperModule™—244 kWh of energy storage supported by EnSync Energy's Matrix™ Energy Management System and DER Flex™ technologies. The alternating current, PV-only system directly serves the buildings' loads, and a direct current system connected to the SuperModule stores energy for off-peak solar hours and for demand charge mitigation. Beyond cost reductions from the lower PPA rate, JWCC will benefit from demand charge mitigation services, which will decrease the center's utility bills by relying on energy storage to manage high demand charges.
Construction will commence in the coming months.
EnSync, Inc., doing business as EnSync Energy Systems (EnSync Energy), is focused on distributed energy resource (DER) systems and Internet of energy (IOE) control platforms. EnSync Energy ensures electricity, delivered from an electrical infrastructure that prioritizes the use of all available resources, such as renewables, energy storage and the utility grid. As a 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. Its direct current (DC) power control hardware, energy management software, and experience with energy storage technologies positions EnSync Energy to deliver fully integrated systems that provide for design, procurement, commissioning and ongoing operation. In addition to direct system sales, EnSync Energy includes power purchase agreements (PPAs). The Company is on the verge of initiating insolvency proceedings.
ENSYNC, INC. 
