EnSync, Inc. Announces Sale of Solar Power Purchase Agreement for Honolulu Apartment Building
April 03, 2018 at 07:00 am EDT
Share
EnSync, Inc., dba EnSync Energy Systems announced the sale of a 20-year power purchase agreement (PPA) with Nuuanu Terrace to an undisclosed investor. The PPA offers the Honolulu apartment building with three dozen units affordable energy and cost savings during the 20-year agreement period. This photovoltaic PPA is the first of a two-part energy strategy rollout for the apartment building, with plans to finalize an additional PPA with EnSync Energy to install a solar water heater. EnSync Energy's tailored project development and financing support enables investors and local energy consumers to commit to clean energy cost savings while furthering Hawaii's state goal to achieve 100% renewable energy by 2045. EnSync Energy has contracted 25 commercial projects in Hawaii, which will account for more than $35 million in electricity sales over the terms of the agreements.
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. 
