SOURCE: XsunX, Inc.

XsunX, Inc.

September 26, 2017 09:00 ET

XsunX Solar + Storage Helping to Fill the Need for Distributed Energy Resources

Renewables Offer Less Expensive Alternative to Fueled Power Plants

ALISO VIEJO, CA--(Marketwired - Sep 26, 2017) - XsunX, Inc. , (OTC PINK: XSNX), a leading solar and energy saving technologies provider, announced today that on the heels of the California Public Utilities Commission (CPUC) encouraging California's investor-owned utilities to invest further in distributed energy resources (DERs), a study by the Clean Coalition outlined how the use of solar PV coupled with energy storage can provide a utility less expensive alternatives to building proposed new gas powered plants.

The study brings to light the dramatic cost reductions within the solar PV and storage technology segments. Focusing on Southern California Edison, the study outlines how Edison would save over $30 million by using solar + storage instead of constructing a gas plant for the replacement of one of its outdated multi-megawatt power plants.

"Renewable technologies as a less expensive alternative to fueled power plants is very exciting news for the renewable energy industry, and frankly something XsunX is already seeing in its solar + storage offerings," stated Tom Djokovich, CEO of XsunX, Inc. "The pairing of solar with storage consistently offers our clients increased utility savings, dramatic energy use flexibility, and can even shorten payback times." concluded Mr. Djokovich, CEO of XsunX, Inc.

In California, the market XsunX is focused in, the state has set aggressive goals to reduce greenhouse gas emissions from the production of electricity. In furtherance of these goals, the CPUC is encouraging California's investor-owned utilities to invest in DERs such as rooftop solar generation and battery energy storage technologies that can provide power needed to meet regular demand on the state power grid.

XsunX's product group delivers the ideal DERs solutions through paired solar PV roof-top, car and truck port solar canopies, and energy storage technologies. Now, with the California CPUC having placed its weighted influence into support for new DERs investments, the growth opportunities for the Company within the renewable energy marketplace continue to broaden.

About XsunX:
XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy saving technologies to provide our clients long term savings, predictability, and control of their energy costs. Making solar energy a sound investment for our clients is our mission.

For more information, please visit the Company's website at www.xsunx.com, or to learn more about the benefits of solar energy for your business or home schedule a free PV project assessment.

Safe Harbor Statement: Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact Information

  • Contact:
    Tom Djokovich
    President and CEO
    888-797-4527
    email:
    info@xsunx.com