EnSync, Inc., dba EnSync Energy Systems, a developer of innovative distributed energy resource (DER) systems and Internet of Energy (IoE) control platforms for the utility, commercial, industrial and multi-tenant building markets, today announced it will work with Schneider Electric to explore technology and opportunities in the DER market.
After reviewing EnSync's Matrix Energy System, the two companies identified areas of mutual interest for collaboration. Starting in June 2017, Schneider Electric and EnSync Energy Systems will jointly explore market opportunities and technology advancements required to best serve markets using distributed energy resources.
The growth in distributed solar generation enables decentralization of the grid and bi-directional power flows from all DERs. This provides an opportunity to integrate DER control and use it to the benefit of the overall electrical network.
Navigant Research forecasts the annual market for solar plus energy storage DERs to grow to nearly $50 billion by 2026, with a 2017 to 2026 compound annual growth rate (CAGR) of more than 40%.