SOURCE: Solar3D, Inc.

Solar3D, Inc.

September 11, 2014 03:01 ET

Solar3D Announces Battery Storage Solutions for Solar Energy Systems

The Company Is Now Offering Energy Storage Units With Its Solar Electric Systems to Maximize Efficiencies and Reduce Overall Cost

ROSEVILLE, CA--(Marketwired - Sep 11, 2014) - Solar3D, Inc. (OTCQB: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, today announced that its SUNworks division is now offering "Battery Storage Systems" with its solar electric systems for customers seeking solar power solutions optimized for increased cost efficiency and reliability. SUNworks previously announced its entry into the battery storage market through a solar implementation project with Jackson Family Wines in Santa Rosa, CA.

Although not yet ideal for every solar system owner, battery storage will play a significant role in energy levelization and system outage protection. Drawing energy from the power grid during peak hours is extremely expensive, even just for a little bit of energy. The premise behind a battery storage system is that when rates are at peak pricing during the day, the system owner can draw from the battery storage unit instead of from the grid, then pull from the grid again as rates go down. The battery storage unit can also be recharged during "off peak" pricing thus levelizing the cost of energy even further. In addition, when the "grid" goes down, these battery storage units act as backup power, keeping necessary appliances and electronics running.

"The SUNWorks team is always seeking cutting edge techonlogies and innovations to give our clients more control over their energy expenses, thus maximizing their return on investment. We believe that battery storage technology is the next 'game changer' in the solar industry," said Abe Emard, CEO of SUNWorks.

"The solar systems market is experiencing rapid growth, as evidence by the growth of our own SUNworks division. However, for solar to become a primary and reliable source of energy, it must also be useful when the sun is not shining. Battery storage systems solve some of these issues. We are excited to roll out this solution as a new revenue stream in delivering more value to our current and future customers," said Jim Nelson, CEO of Solar3D.

SUNworks is focused on the design, installation and management of solar systems for agricultural, commercial, and residential customers, delivering hundreds of 2.5 kilowatt to 1-megawatt commercial systems, and with the capability to deliver systems as large as 25 megawatts.

About Solar3D, Inc.
Solar3D is a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell. The company's SUNworks division focuses on the design, installation and management of solar power systems for commercial, agricultural and residential customers. SUNworks is one of the fastest growing solar systems providers in California and has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability of providing systems as large as 25 megawatts. Solar3D's technology division is developing a patent-pending 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. The Solar3D Cell collects sunlight from a wide angle and lets light bounce around in 3-dimensional microstructures on the solar cell surface. The Company's mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies.

To learn more about Solar3D, visit our website at http://www.Solar3D.com.

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

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