EnSync, Inc., a developer of innovative distributed energy resources (DERs) and business models for commercial and industrial (C&I) buildings and microgrid installations, today launched the company's leapfrog EnSync Home Energy System for property developers and residential customers looking for a completely integrated system with solar, energy storage, power electronics and an Internet of Energy control platform that delivers state-of-the-art functionality and modularity, with industry benchmark economics, safety and system efficiency.
EnSync Energy has built a reputation for deploying high-value DERs in the C&I building market segment, with modular and bankable solar plus energy storage solutions that have been deployed in commercial installations and sold to a multitude of buyers and investors. EnSync now brings the same innovation and expertise that enabled its leadership in the C&I market to solve the significant market challenges and product shortcomings for residential properties, delivering breakthroughs in performance, functionality, economic benefit and future-enabling capabilities.
property developers, property managers and homeowners' associations, providing the benefit of highly efficient and economical transfer of excess energy from any given residence on the DC-Link to any other residence in the network with
The sharing of electricity between interconnected residences on a True Peer-to-Peer energy exchange network prioritizes the use of solar generated or stored electricity ahead of that from the utility grid for any residence in the network. The network can also be configured as "non-export," meaning no excess generation for any unit goes back to the utility grid.
This capability is becoming more critical as several states and jurisdictions prohibit or economically penalize energy export. Additionally, many utilities are in the early stages of implementing time-of-day electricity rates and are already levying increasing demand charges on customers. The evolving rate structures and impact of resident vacancy rates, vacation schedules and time-of-day load profiles frequently make deploying solar generation uneconomical for large portions of a property development. Virtual net-metering and virtual peer-to-peer programs are fraught with excessive complexity and administrative overhead. True Peer-to-Peer changes the game by incorporating each residence in the network onto a simple DC-Link, where the excess generation or generation deficit impacts of any given unit can be aggregated across a larger population of units in the network.
EnSync will initially target the multi-residential property market for its solution, then broaden its market presence. At the time of announcement, the company has already built a sizable order backlog for the EnSync Home Energy System, including the approximately 150-unit Keahumoa Place property in Oahu, Hawaii, announced on May 9, which will utilize True Peer-to-Peer energy exchange. The EnSync Home Energy System includes high-efficiency "LFP" lithium-ion batteries, a Matrix Energy Management system with 9-kilowatt alternating current (AC) output capacity, modular energy storage capacity of 9-kilowatt hour increments, modular direct current (DC)-DC converters for photovoltaic and energy storage and the DER Flex Internet of Energy control platform, which enables a home to access the same DER Flex cloud-based computing platform utilized by EnSync for connectivity between the asset owner, grid network and real-time market data for its C&I customers.
The EnSync Home Energy System has completed certification according to all relevant UL, California and Hawaii state requirements and specifications.