SOURCE: EnSync Energy Systems

EnSync Energy Systems

May 09, 2016 06:00 ET

EnSync and OATI Announce Strategic Alliance to Offer Distributed Energy Resource Control to Utilities

EnSync and Open Access Technology International, Inc (OATI) to Incorporate Independent Expertise in the Energy Arena and Combined Expertise on OATI's South Campus to Provide Seamless DER Resource for Select Utility Customers

MILWAUKEE, WI--(Marketwired - May 9, 2016) - EnSync Energy Systems (NYSE MKT: ESNC) and OATI are pleased to announce a strategic alliance that brings together decades of experience and next generation Modernized Grid solutions to provide utilities with a seamless distributed energy resource and management solution for improved system reliability and economics. 

Specifically, OATI and EnSync are integrating the EnSync Matrix Energy Management technology with OATI's GridControl and webSmartEnergy DERMS platform. The solution will combine the Matrix's ability to prioritize and optimize electricity from the grid, distributed generation and energy storage with the webSmartEnergy DERMS functionality to provide various grid services such as frequency response, regulation, reserves and shaping services, dispatchable energy and capacity, as well as Volt/VAr control and optimization capabilities to the grid. OATI and EnSync are currently offering the solution to select utilities.

EnSync and OATI, the leading developers of innovative energy management systems for the utility, commercial, and industrial building markets, are finalizing the integration of EnSync's Matrix Energy Management platform and Agile Hybrid energy storage into the OATI South Campus. The OATI South Campus, located in Bloomington, Minnesota, is a state-of-the-art, first of its kind microgrid and will have multiple on-site power generation sources, in addition to its connection to the local utility. The Matrix Energy Management system and Agile Hybrid battery storage will be integrated into South Campus electrical system to firm PV solar output, store energy from PV and other generation sources to shift building load. The EnSync solution will also provide emergency backup power, enabling seamless transition from grid connected to island mode without interruption to building occupancy. 

The South Campus will operate in parallel with the electric grid, and OATI recently ordered from EnSync additional Matrix capacity to enable the campus to island from the grid and continue to use premise assets. Using OATI GridMind, OATI's microgrid control and optimization platform, the building will intelligently and dynamically adjust and optimize its load and generation based upon grid conditions and electricity prices, demonstrating emerging microgrid technologies.

"OATI is eager to showcase our next generation webSmartEnergy solutions with EnSync's Matrix and Agile Storage technology," said Sasan Mokhtari, President and CEO of OATI. "The thousands of companies that will use our webSmartEnergy and other solutions will need the technology of EnSync's battery storage to meet the expected level of adaptability in managing generating assets."

The Matrix Energy Management technology is a power controls platform offering modularity and scalability, allowing the addition of a variety of advanced energy generating and storage resources at any time. The Agile Hybrid Energy Storage System takes a hybrid approach to power and energy needs, utilizing lithium ion batteries for quick, short-term power and flow batteries for long-duration energy needs. These features "future-proof" the South Campus, meaning they will efficiently and economically accommodate myriad applications, government policies, and technology updates that occur over the life of all generating assets.

"EnSync's Matrix technology is enabling the future of distributed generation by easily integrating and prioritizing electricity from the grid, from distributed resources and from energy storage, to always ensure the least expensive and most reliable electricity," said Brad Hansen, President and CEO of EnSync Energy Systems. "We look forward to working with OATI at their south campus and with their expansive utility customer base to further the proliferation of distributed energy resources." 

About EnSync Energy
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems (www.ensync.com), is enabling the future of electricity with advanced energy management systems critical to a global economy becoming increasingly reliant upon the expansion of renewable energy. Whether part of the grid power transmission and distribution network, or behind the meter in commercial, industrial and multi-tenant buildings, EnSync technology brings differentiated power control and energy storage solutions to electricity-challenged environments. Our technologies also serve as the system level intelligence in microgrid applications, by seamlessly integrating multiple generation and storage assets to deliver power in remote and community level environments not served by the grid, or areas electing to use the grid secondary to microgrid assets. In 2015, EnSync incorporated power purchase agreements (PPAs) into its portfolio of offerings, enabling electricity savings for customers and providing a stable financial yield for investors.

About OATI
OATI provides innovative software solutions that simplify, streamline, and empower the operational tasks required in today's energy commerce and Smart Grid. With more than 1,600 customers in North America, OATI successfully deploys large, complicated, and diverse mission-critical applications committed to industry standards and stringent NERC CIP guidelines.

OATI (www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with an office in Redwood City, California. For more information, please contact communications@oati.net.

Safe Harbor Statement

Certain statements made in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. Forward-looking statements in this press release may address the following subjects among others: statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Contact Information

  • EnSync Media Contact:
    Michelle Montague
    (262) 735-5676

    OATI Media Contact:
    Jerry Dempsey
    Senior Vice President Business Development, Sales and Marketing
    (763) 201-2000