EnSync Breaks Ground on Hawaii's First PPA Project Integrating PV, Storage and Intelligent Energy Management

MILWAUKEE, WI--(Marketwired - Oct 13, 2015) - EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, a leading developer of innovative energy management systems serving the commercial, industrial and multi-tenant building markets, broke ground on the state's first distributed generation system in a multi-tenant building that incorporates solar energy and energy storage with a power purchase agreement (PPA). The Century West Association of Apartment Owners' building will utilize solar energy combined with EnSync's Agile Hybrid storage and Matrix Energy Management System to reduce the condominium association's electricity costs and provide resiliency to the building by ensuring electricity during grid outages.

EnSync's on site technology ensures real-time delivery of the least expensive and most reliable electricity, while also enabling a comprehensive portfolio of electrical applications that save money and future-proof the building, providing a clear pathway to incorporating additional value streams for the customer in the future. It does so via the Matrix Energy Management System which can accommodate nearly any configuration or rate program forecast over the next 20 years.

The State of Hawaii is a leader in driving the transition to renewable energy sources, particularly with commercial and industrial businesses for which EnSync has designed a highly intelligent energy storage and energy management system. EnSync has taken an early lead in the state by closing multiple power purchase agreements, and works in close cooperation with Honolulu-based Holu Energy, LLC to secure its technology placement.

"Our innovative systems are creating a major opportunity for building owners to save a significant amount on their energy bills," said Brad Hansen, CEO and President of EnSync Energy Systems. "The Matrix is uniquely capable of increasing the value of the installed distributed generation over time, based upon its modularity, expandability and unmatched economics. It has been designed to be the most efficient, cost effective system for synchronizing distributed generation, energy storage, grid interconnection, and the building load."