EnSync Sells Power Purchase Agreement

EnSync, a developer of innovative distributed energy resource systems and internet of energy control platforms for the utility, commercial, industrial and multi-tenant building markets, said Wednesday it has sold a power purchase agreement for an apartment complex in Oahu, Hawaii.

The 300-kilowatt EnSync Energy system will provide electricity to the complex at a contracted price for the 20-year term of the power purchase agreement, the company said in a press release. Revenue will be recognized in the coming quarters based upon completion of project milestones. Financial details of the agreement weren’t disclosed.

By Bryan Smith