EnSync Energy Announces Solar Plus Storage Project with True Peer-to-Peer Network at Hawaii Affordable Housing Project
May 09, 2018 at 12:00 pm
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EnSync, Inc. announced the signing of a 20-year power purchase agreement with The Michaels Development Company to build a solar and energy storage system at the Keahumoa Place affordable housing development, a greenfield project that is expected to complete construction in 2019. The project – the highest valued in company history – will employ EnSync Energy's innovative True Peer-to-PeerTM DC-LinkTM technology to enable residents to directly exchange electricity with each other based on the energy needs of each individual unit, increasing energy efficiency and lowering electricity costs for the entire network. Savings from the PPA will finance the construction of a 750-kilowatt photovoltaic panel-covered canopy that will simultaneously produce energy and shade the development's parking lot, as well as a 500-kilowatt hour energy storage system, with individual modules interconnected by the proprietary True Peer-to-Peer DC-Link behind each unit's utility meter. The system will be managed by the EnSync DER FlexTM Internet of Energy monitoring and control platform. The pioneering True Peer-to-Peer DC-Link technology results in dramatically increased energy efficiency across the network of residences. When a residential unit generates energy in excess of its load, it will charge the unit's energy storage battery. Once the battery reaches full capacity, any additional energy generated then enters the DC-Link, a platform that interconnects individual residential units behind their utility meters and channels this electricity to other units in the network that demand more energy than they are generating or storing. The export and import from each unit is then metered and reported to the utility, though the True Peer-to-Peer network can also be deployed as a non-export system.
EnSync, Inc., doing business as EnSync Energy Systems (EnSync Energy), is focused on distributed energy resource (DER) systems and Internet of energy (IOE) control platforms. EnSync Energy ensures electricity, delivered from an electrical infrastructure that prioritizes the use of all available resources, such as renewables, energy storage and the utility grid. As a project developer, EnSync Energy's distinctive engagement methodology encompasses load analysis, system design consulting, and technical and financial modeling to ensure energy systems are sized and optimized. Its direct current (DC) power control hardware, energy management software, and experience with energy storage technologies positions EnSync Energy to deliver fully integrated systems that provide for design, procurement, commissioning and ongoing operation. In addition to direct system sales, EnSync Energy includes power purchase agreements (PPAs). The Company is on the verge of initiating insolvency proceedings.