EnSync Energy sells power purchase agreement for apartment project in Hawaii
Thursday, Jun 15, 2017
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, today announces the sale of a power purchase agreement (PPA) for an apartment complex in Oahu, Hawaii.

The 300-kilowatt EnSync Energy system will provide electricity to the complex at a contracted price for the 20-year term of the power purchase agreement. Revenue will be recognized in the coming quarters based upon completion of project milestones.

"We're pleased to have sold this project which incorporates EnSync Energy's PPA business model, products and services," said Brad Hansen, CEO and President of EnSync Energy Systems. "This project sale closely follows the sale of the 120-unit building PPA project announced earlier this week. We are very excited by our ongoing progress in the Hawaiian market."

EnSync Energy continues to successfully develop, engineer and commission projects in the Hawaii market, and is a pioneer in the Hawaiian market for solar-plus-storage DERs, with projects operating on a number of islands comprising the state of Hawaii.

Through its innovative DER Flex™ IOE platform, EnSync Energy's DER installations are available to participate in a myriad of utility and ISO grid services, including applications such as supply response on demand.

About EnSync Energy Systems

EnSync, Inc. (NYSE MKT: 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 in Hawaii.

For more information, please visit: http://www.ensync.com

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