SOURCE: ZBB Energy Corporation

ZBB Energy Corporation

September 08, 2010 11:15 ET

California Public Utilities Commission Funds ZBB Energy and SunPower Demonstration Project of Renewable Energy With a ZESS 500

MILWAUKEE, WI--(Marketwire - September 8, 2010) -  ZBB Energy Corporation (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today announced it will partner with SunPower Corp. (NASDAQ: SPWRA) (NASDAQ: SPWRB) to establish a pilot program for demonstrating integration of advanced energy storage systems with existing PV systems for commercial customers. Working with a major retailer, SunPower and ZBB will demonstrate the economic and operational benefits of combining PV with a ZBB zinc bromide flow battery storage technology platform rated at 500 KWh in a commercial building application. The overall goal of the project is to demonstrate that the integration of PV and energy storage will be of higher value than either technology alone. "We believe that intelligent storage placed out near the loads and integrated with distributed renewable generating sources like SunPower's PV solar, is the most effective way to scale renewable energy, enable the smart grid, and capture multiple value streams that storage offers. This project with SunPower will be an outstanding demonstration of this concept," said Eric Apfelbach, ZBB's President & CEO.

As part of a second round of funding by the California Public Utilities Commission, SunPower Corp. (NASDAQ: SPWRA) (NASDAQ: SPWRB) will receive a grant of approximately $1.8 million from the California Solar Initiative Research, Development, Deployment and Demonstration (CSI RD&D) Program, and will partner with three storage technology providers to integrate PV in this commercial building application. The California Solar Initiative (CSI) will invest $50 million to fund solar research and demonstration projects that will measurably reduce the cost and accelerate the installation of solar and other distributed technologies that could employ solar for generation, storage, or that could reduce the use of natural gas.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides distributed intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. This platform solves a wide range of electrical system challenges in global markets for various types of sites with utility, governmental, commercial, industrial and residential end customers. A developer and manufacturer of its modular, scalable and environmentally friendly power systems ("ZESS POWR™"), ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.

Safe Harbor
Except for the historical information contained herein, the matters set forth in this press release, including statements relating to ZBB's growth, are forward-looking statements within the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including historical volatility and low trading volume of our stock, the risks and uncertainties inherent in the early stages of growth companies, the company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Contact Information:
    Helen Brown
    Investor Relations
    ZBB Energy Corporation
    T: 262.253.9800
    Email: Email Contact