EnSync Energy and Hawai'i Pacific University Announce Plans to Build Downtown Honolulu's Large Solar Installation
March 07, 2018 at 07:00 am EST
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EnSync, Inc. announced an expansion of the photovoltaic system it is installing on the rooftops of the Aloha Tower Marketplace, which is operated by Hawai'i Pacific University (HPU) under a lease with the State of Hawai'i Aloha Tower Development Corporation. The latest expansion more than doubles the capacity of the photovoltaic (PV) system to 660 kilowatts (kw), making it the large solar installation in downtown Honolulu upon completion. EnSync Energy will add 350 kw in PV capacity to the system under a 20-year power purchase agreement (PPA) it signed with HPU and an undisclosed investor. The solar energy will power HPU's revitalized Aloha Tower Marketplace, a mixed-use space featuring university student residences, community spaces, restaurants and shops. EnSync Energy designed the system based on customized analysis of Aloha Tower Marketplace's current energy consumption patterns and anticipated future energy needs. After conducting energy and price modelling, EnSync Energy found that a grid-ready PV installation would yield the most savings for the University. Construction of both phases is expected to be completed by early 2019. HPU may consider a third solar installation phase under the terms of the PPA.
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.