MILWAUKEE, Dec. 13, 2018 /PRNewswire/ -- EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, which is creating the future of electricity with innovative residential and commercial solar plus storage systems and Internet of Energy (IOE) asset control platforms, announced the addition of demand management capability to the EnSync Home Energy System to create the "EnSync Smart Home."
The EnSync Smart Home system integrates the management of on-site solar plus storage with the management of demand from residential appliances, including electric water heaters, heating, ventilation and air conditioning systems, lighting sources and electric vehicle charging stations. By enabling this level of coordination between photovoltaics (PV), batteries, the utility grid and home consumption, the system not only optimizes energy for price and reliability, but also increases energy autonomy.
The product will debut with integration of smart water heater load control, then expand to integrate electric vehicle charge control, and finally to other major appliances by the end of next year.
"The EnSync Smart Home system enables both energy independence and cost savings by integrating utility rate information and electricity supply from PV, energy storage and the grid with electricity demand data from major appliances in the home," said Brad Hansen, CEO of EnSync Energy. "For example, by integrating water heater load into the system, we can intelligently manage heating of the water to occur at lower-use times of day, such as before anyone in the home wakes up or during peak PV generation, when the home is producing excess electricity, to have the water ready for the evening. The system can also intelligently discharge the battery to offset load sources in order to minimize grid electricity. This ability to intelligently offset home loads with storage enables the consumer to minimize adverse impact from tiered rates, time-of-day rates and demand charges from the utility, while also maintaining the quality of life and comfort the homeowner is accustomed to."
The EnSync Smart Home is the latest development of the EnSync Home Energy System, which debuted in May 2018. Designed for multi-unit properties and residential communities, the system's modular structure, DC BUS architecture and IoE communications, command and control platform optimizes the economics of clean energy for both multi-family properties and individual homes. Its lithium-iron-phosphate battery chemistry also ensures greater energy storage safety.
To achieve further grid independence, EnSync Smart Home can also integrate individual residential units into an energy sharing network with the EnSync True Peer-to-PeerTM DC-Link. By allowing individual residential units to exchange electricity directly with one another, this feature mitigates the inefficiencies created by vacancy rates, time-of-day absence and micro-loading effects in multi-unit properties or communities, increasing utilization of the solar generation across the network as a whole.
The United States residential energy storage market outgrew the utility and the commercial energy storage systems market segments in the first half of 2018, according to the latest U.S. Energy Storage Monitor. Being able to manage the energy supply and load in the home in an integrated and intelligent fashion will be key criteria for achieving market leadership in the residential energy storage market, which EnSync Energy estimates will be worth more than $9 billion over the next five years, with a compound annual growth rate of more than 60 percent.
About EnSync Energy Systems
EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, is creating the future of electricity with innovative distributed energy resource (DER) systems and internet of energy (IOE) control platforms. EnSync Energy ensures the most cost-effective and resilient electricity, delivered from an electrical infrastructure that prioritizes the use of all available resources, such as renewables, energy storage and the utility grid. As 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 to meet our customers' objectives for value and performance. Proprietary direct current (DC) power control hardware, energy management software, and extensive experience with numerous energy storage technologies uniquely positions EnSync Energy to deliver fully integrated systems that provide for efficient design, procurement, commissioning, and ongoing operation. EnSync Energy's IOE control platform adapts easily to ever-changing generation and load variables, as well as changes in utility prices and programs, ensuring the means to make or save money behind-the-meter, while concurrently providing utilities the opportunity to use DERs for an array of grid enhancing services. In addition to direct system sales, EnSync Energy includes power purchase agreements (PPAs) in its portfolio of offerings, which enables electricity savings for customers and provides a stable financial yield for investors. EnSync Energy is a global corporation, with joint venture Meineng Energy in AnHui, China, and energy project development subsidiary Holu Energy LLC in Hawaii. For more information, visit www.ensync.com.
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SOURCE EnSync, Inc.