26
Wed, Sep

Accelerates its expansion plan in North America

BEIJING, Sept. 26, 2018 /PRNewswire/ -- The world's largest thin-film power solution company, Hanergy Thin Film Power Group (00566.hk), today announced its participation at Solar Power International (SPI) conference, 2018 to feature its path-breaking energy solutions.

As part of a three-day conference and exhibition that's being held at Anaheim Convention Center in Anaheim, CA from September 25-27, 2018, Hanergy is showcasing its most promising solar solutions such as HanTile, Slide-in (ground mounted system), HanPack, HanPaper, Humbrella, Hanergy UAV with Alta solar wings besides others.

SPI is undoubtedly the fastest growing and largest solar show in North America as recognized by Trade Show Executive and Trade Show News Network. What's more intriguing is that Hanergy will unveil its slide-in system, the innovative solar panel installation solution, at the prestigious conference that's expected to be attended by more than 20,000 energy industry professionals, including 1,000+ international attendees.

Hanergy's first of its kind invention, Slide-In system will change the traditional way of solar module installation and bring more benefits to users. Compared to the traditional ways of installation, Slide-In system can help drastically bring down the labour cost by 40% for its ease to installation. Moreover, using slide rail, Slide-In is able to well distribute pressure and extend the lifetime of the system. More importantly, Slide-In dramatically increases its water resistance ability due to its unique system design. Nowadays, Slide-In system has already been used widely around the world. Slide-In system is becoming more and more popular for its unique features.

Confirming its participation at the upcoming Solar Power International (SPI) conference for the fifth time, Hanergy intends to utilize this platform to build connections with industry vendors and professionals from the U.S. and around the world as it showcases its revolutionary Energy Solutions.

Mr. Xie Jun, CEO, Hanergy U.S. says, "We're extremely delighted to exhibit our revolutionary energy solutions for the fifth time at Solar Power International (SPI) conference which is undoubtedly one of the world's leading exhibitions for solar industry and its partners. We're confident that this prestigious exhibition and conference will give Hanergy a platform to not only showcase our promising solar solutions for North American markets, but will also be instrumental in the acceleration of company's global expansion."

He adds, "We hope that our participation at SPI 2018 will ensue unique networking opportunities that allows us to solidify our current relationships and build new ones to expand in U.S. market."

Recently, Hanergy announced several cooperative associations with foreign companies, including US$4.3 million sales contracts with 15 Latin American companies and a US$1.3billion HanTile sales contract with Japanese construction and solar power conglomerate, Forest Group.

To the present, Hanergy Thin Film Power Group has applied more than 4,000 patents, among which nearly 1,000 have been granted. Hanergy is all set to revolutionize the global mobile energy industry through its varied offerings equipped with advanced technologies.

About Hanergy Thin Film Power Group Ltd -

Hanergy Thin Film Power Group Ltd (0566.HK) is a Hong Kong listed company, and a subsidiary of Hanergy Holding Group Ltd. As a leading thin film solar company in the world, Hanergy Thin Film Power Group Ltd is committed to "Building Mobile Energy". Since 2009, Hanergy has been painstakingly working to integrate worldwide solar technology and making robust investment for the research and innovation in the field of thin-film solar power. Thin film solar technology has been applied to a series of commercial and civilian products, including HanTile, HanWall, HanCar, HanWindow, Humbrella, HanPack and HanPaper.

SOURCE Hanergy Thin Film Power Group Ltd.

Related Links

http://www.hanergythinfilmpower.com/

Read more: Hanergy Showcases its Pioneering Energy...

ENGIE held a conference call on September 24, 2018, 8:00 am Paris time. The full retransmission of the call is accessible on ENGIE website.

During this conference call, the schedule, the impacts and the technical aspects of the unavailability of Belgian nuclear power plants were recalled.

The Group confirmed its 2018 financial targets on net recurring income Group share (at the low end of the 2.45 to 2.65 billion euros range), on net debt / EBITDA ratio and on dividend. As a reminder, the Group also indicated that EBITDA would be slightly lower than the indication given to the market on March 8, 2018.

These objectives include the revision of the schedule for the unavailability of the Tihange 2 and Tihange 3 nuclear units on September 21, which represents an impact of approximately 250 million euros at Group EBITDA and net recurring income group share. Since the beginning of the year, the cumulative impact of the unavailability schedule revisions of the Belgian nuclear power plants amounts to approximately 600 million euros at Group EBITDA and net recurring income group share.

1 Main assumptions: no E&P and LNG contributions, average weather in France, full pass through of supply costs in French regulated gas tariffs, no significant accounting treatment changes except for IFRS 9 and IFRS 15, no major regulatory and macro-economic changes, market commodity prices as of 13/09/2018, average forex for 2018: €/$: 1.19; €/BRL: 4.40, no significant impacts from disposals not already announced. In addition, the confirmation of the 2018 guidance is based on the assumption of a restart of Belgian nuclear units according to the schedule published in REMIT as of today.

About ENGIE

We are a worldwide energy and services group which is structured around three key businesses: the production of low-carbon energy, particularly from natural gas and renewable energies, energy infrastructure and customer solutions. Motivated by our ambition to contribute to harmonious progress, we are addressing the main global challenges such as combating global warming, access to energy for all and mobility, and offer our individual, business and community customers solutions for producing energy and services that reconcile individual interests with collective challenges. Low-carbon in nature, our integrated, efficient and sustainable offering harnesses digital technologies. Besides the energy issue, they are facilitating the development of new uses and promoting new ways of living and working. Our ambition is being realised every day by each of our 150,000 employees in 70 countries. With our customers and our partners, they constitute a community of imaginative builders who are today imagining and building solutions for the future. 2017 turnover: 65 billion euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial indices CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe et Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

For more information: www.engie.com

Read more: Follow-up to the conference call of September...

IRVING, Texas, Sept. 25, 2018 /PRNewswire/ -- TXU Energy today announced that it has recognized five North Texas companies as winners in the inaugural year of its TXU Energy Leadership Award Program. This program recognizes corporate and nonprofit leaders in various energy-related categories, including sustainability, innovation, energy management, community, and engagement. The awards were announced in conjunction with the TXU Energy Summit held today in Dallas.

Gabe Castro, vice president of business markets for TXU Energy, stated, "These businesses and organizations define energy responsibility, and we are excited to recognize the leadership they've shown. We are focused on partnering with our customers to help them reach their sustainability goals and keep their environmental commitments. These five such customers have seen impressive, measurable results, and we hope their successes motivate others to follow their lead."

The five North Texas-area winners include:

Leadership in Sustainability – City of Dallas
The City of Dallas has become a national leader in sustainability by changing the way it does business – looking at the entire cycle of the processes it provides and materials it uses. Dallas is the largest city in the nation to power its municipal operations with 100 percent renewable energy. Managing more than 13 million square feet of building space and 7,000 municipal vehicles, the city has seen tremendous results in increased energy efficiency and reductions in its environmental impacts. It has upgraded lighting and back-up power resources for some of its most critical services, including the 911 call center and its emergency operations center. The city has also converted a portion of its vehicle fleet to electric vehicles and offers electric vehicle charging stations at numerous municipal facilities. The Dallas City Council recently directed its staff to undertake comprehensive environmental and climate action planning to incrementally advance its commitment to making Dallas a greener and more resilient place to live, work, and play.

Leadership in Innovation – Cinemark
Cinemark, headquartered in Plano, is a leader in motion picture exhibition and in energy innovation. The company is setting a new standard for theatre efficiency and sustainability, inspiring other industries to follow its lead. Cinemark powers its Texas theatres with 100 percent clean energy from solar and wind, and the company leverages the latest technologies for energy efficiency. As such, Cinemark has significantly reduced its carbon footprint each year, while enhancing the moviegoing experience of its guests.

Leadership in Energy Management – Tyler Junior College
With more than 12,000 students, Tyler Junior College is one of the largest community colleges in Texas. Additionally, it is one of only a handful of community colleges in Texas accredited as a Level II Institution, offering two baccalaureate degrees and more than 125 associate degrees and certificates. With five locations in east Texas, the largest is the main campus, which includes 40 buildings situated on more than 145 acres. Though the first buildings on the main campus were built in the 1940s, TJC is managing energy consumption through new technologies and reaping the benefits. From energy efficient equipment in its facilities to electric vehicle charging stations for its mechanical automotive program, TJC is demonstrating excellence in energy management and education.

Leadership in Community – Meals on Wheels of Tarrant County
Meals on Wheels of Tarrant County is a 501(c)(3) not-for-profit that is making a tremendous difference in the lives of the people it serves. With more than 225 volunteer delivery routes run each day across Tarrant County, Meals on Wheels provides approximately one million meals each year to homebound, elderly, and disabled clients. The organization goes above and beyond assisting clients with fans, air conditioners, and heaters. Over the last five years, Meals on Wheels has assisted TXU Energy customers in obtaining energy bill pay assistance with nearly $9,000 of TXU Energy AidSM funds.

Leadership in Engagement – Huffines Auto Dealerships
The Huffines Auto Dealerships has a 94-year-long reputation in North Texas of treating customers the right way. The family-owned company is also committed to its more than 750 employees, having been ranked six times on the Dallas Morning News Top Places to Work. Huffines has created a workplace culture that engages its employees, including on innovative ideas for energy conservation. Employees have offered up ideas that, once implemented, have saved over one million kilowatt-hours of electricity.  

TXU Energy is proud to share the accomplishments of the recipients of its inaugural awards program. Awards were presented earlier this year to four South Texas-area businesses and organizations: Houston Pizza Venture, Lone Star Flight Museum, Cypress Fairbanks ISD, and BakerRipley. Learn more about what TXU Energy can do to help your business or organization achieve its energy and sustainability goals by visiting us on LinkedIn.

About TXU Energy
More Texans trust TXU Energy to power their homes and businesses than any other electricity provider. We're passionate about creating experiences and solutions tailored to fit the needs of our customers, including electricity plans, online tools to help save, renewable energy options, and more. Consistently ranked as one of the Top Places to Work by The Dallas Morning News, TXU Energy is also committed to creating a dynamic and fun workplace where all our people can succeed. Visit txu.com for more. TXU Energy is a subsidiary of Vistra Energy (NYSE :VST ).  REP #10004

Media
Meranda Cohn
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SOURCE TXU Energy

Read more: TXU Energy Announces Energy Leadership Award...

NEW YORK--(BUSINESS WIRE)--Greenbacker Renewable Energy Company LLC (the “Company”), a limited liability company that invests in renewable energy assets, announced today that it will terminate its public offering of securities on or about January 31, 2019.

“We have been pleased with the steady increase in overall investor subscriptions as well as the performance of our investment portfolio. As was contemplated in our offering prospectus, the Company expected to achieve a certain scale before beginning the process of seeking strategic alternatives that will hopefully benefit our investors,” said Charles Wheeler, CEO of the Company. “At the direction of our Board, and consistent with our opinion it is in the best interests of our investors, we will cease raising capital through our public offering while continuing to work with institutional investors to position the Company for the best overall outcome.” While the Company will only accept subscriptions for its public shares until on or about January 31, 2019, the dividend reinvestment plan and the share repurchase plan will continue to be available to investors.

As of August 31, 2018, the Company’s investment portfolio includes 114 commercial solar assets, five wind farms and 4,584 residential solar installations located in 20 U.S. states or Canadian provinces with a rated system capacity of 191.71 megawatts, including 64.7 megawatts currently under construction, for a total capacity of 256.41 megawatts.

About Greenbacker Renewable Energy Company

Greenbacker Renewable Energy Company is a public, non-traded limited liability company that owns and operates a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in the Company‘s expectations.

Read more: Greenbacker Renewable Energy Company LLC...

Accelerates its expansion plan in North America

BEIJING, Sept. 26, 2018 /PRNewswire/ -- The world's largest thin-film power solution company, Hanergy Thin Film Power Group (00566.hk), today announced its participation at Solar Power International (SPI) conference, 2018 to feature its path-breaking energy solutions.

As part of a three-day conference and exhibition that's being held at Anaheim Convention Center in Anaheim, CA from September 25-27, 2018, Hanergy is showcasing its most promising solar solutions such as HanTile, Slide-in (ground mounted system), HanPack, HanPaper, Humbrella, Hanergy UAV with Alta solar wings besides others.

SPI is undoubtedly the fastest growing and largest solar show in North America as recognized by Trade Show Executive and Trade Show News Network. What's more intriguing is that Hanergy will unveil its slide-in system, the innovative solar panel installation solution, at the prestigious conference that's expected to be attended by more than 20,000 energy industry professionals, including 1,000+ international attendees.

Hanergy's first of its kind invention, Slide-In system will change the traditional way of solar module installation and bring more benefits to users. Compared to the traditional ways of installation, Slide-In system can help drastically bring down the labour cost by 40% for its ease to installation. Moreover, using slide rail, Slide-In is able to well distribute pressure and extend the lifetime of the system. More importantly, Slide-In dramatically increases its water resistance ability due to its unique system design. Nowadays, Slide-In system has already been used widely around the world. Slide-In system is becoming more and more popular for its unique features.

Confirming its participation at the upcoming Solar Power International (SPI) conference for the fifth time, Hanergy intends to utilize this platform to build connections with industry vendors and professionals from the U.S. and around the world as it showcases its revolutionary Energy Solutions.

Mr. Xie Jun, CEO, Hanergy U.S. says, "We're extremely delighted to exhibit our revolutionary energy solutions for the fifth time at Solar Power International (SPI) conference which is undoubtedly one of the world's leading exhibitions for solar industry and its partners. We're confident that this prestigious exhibition and conference will give Hanergy a platform to not only showcase our promising solar solutions for North American markets, but will also be instrumental in the acceleration of company's global expansion."

He adds, "We hope that our participation at SPI 2018 will ensue unique networking opportunities that allows us to solidify our current relationships and build new ones to expand in U.S. market."

Recently, Hanergy announced several cooperative associations with foreign companies, including US$4.3 million sales contracts with 15 Latin American companies and a US$1.3billion HanTile sales contract with Japanese construction and solar power conglomerate, Forest Group.

To the present, Hanergy Thin Film Power Group has applied more than 4,000 patents, among which nearly 1,000 have been granted. Hanergy is all set to revolutionize the global mobile energy industry through its varied offerings equipped with advanced technologies.

About Hanergy Thin Film Power Group Ltd -

Hanergy Thin Film Power Group Ltd (0566.HK) is a Hong Kong listed company, and a subsidiary of Hanergy Holding Group Ltd. As a leading thin film solar company in the world, Hanergy Thin Film Power Group Ltd is committed to "Building Mobile Energy". Since 2009, Hanergy has been painstakingly working to integrate worldwide solar technology and making robust investment for the research and innovation in the field of thin-film solar power. Thin film solar technology has been applied to a series of commercial and civilian products, including HanTile, HanWall, HanCar, HanWindow, Humbrella, HanPack and HanPaper.

SOURCE Hanergy Thin Film Power Group Ltd.

Related Links

http://www.hanergythinfilmpower.com/

Read more: Hanergy Showcases its Pioneering Energy...

ATLANTA, Sept. 25, 2018 /PRNewswire/ -- All four of the Vogtle co-owners (Georgia Power, MEAG Power, Dalton Utilities and Oglethorpe Power) have agreed to extend today's voting deadline to 7 p.m. (EST) tonight in order to continue the progress being made on reaching an agreement to move forward with construction.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE :SO ), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the cancellation of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations; the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; legal proceedings and regulatory approvals and actions related to the cancellation of Plant Vogtle Units 3 and 4, including Georgia PSC approvals and U.S. Nuclear Regulatory Commission actions; changes in Georgia Power's credit ratings; and the effect of accounting pronouncements issued periodically by standard setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.

SOURCE Georgia Power

Related Links

http://www.georgiapower.com

Read more: Vogtle 3 & 4 co-owners agree to 7 p.m. extension...

KANSAS CITY, Mo., Sept. 25, 2018 /PRNewswire/ -- Eduardo Andrade, a longtime executive in the Mexico energy industry, has joined Burns & McDonnell as its general director in Mexico for Burns & McDonnell Services S.A. de C.V. In that role, he will oversee the company's pursuit of power generation and electrical transmission projects as Mexico moves quickly to upgrade its energy infrastructure. Over the past 30 years, Andrade has served in a variety of executive roles for large companies in Mexico with significant operations in the energy sector.

"Mexico is quickly becoming a first-world economy thanks to investments in the power and energy sectors and Eduardo has been a key influencer in that process due to his professional and civic roles over the past several years," says Mike Brown, President of Burns & McDonnell International. "We're thrilled to have him on our team and ready to get to work helping Mexico achieve its potential on the global stage."

"I have spent my entire career advocating for investments and improvements to Mexico's power and energy sectors because I believe strongly this is the best way forward to improve the lives of my fellow countrymen," says Andrade. "This opportunity to lead Burns & McDonnell, the number one power firm in America, to bring their skills and expertise to my home country of Mexico is a dream come true."

Prior to joining Burns & McDonnell Andrade was Executive President for Mexico for Sacyr, where he was responsible for a number of business initiatives related to recently enacted constitutional reforms in Mexico. Sacyr is a multi-national corporation with engineering and construction projects in 29 countries across five continents. In addition, Andrade has held executive positions with Iberdrola, a Spanish energy company with global operations, and Techint, the world's second largest steel producer with additional businesses in construction and oil and gas production.

Andrade is a founder of the Mexico Energy Association and the Energy Chapter with the Canadian Mexico partnership. He is a past president of the World Energy Council, Mexico Chapter, and currently serves on the Mexico Energy Regulatory Commission's External Advisory Board for electricity. He holds a civil engineering degree, with concentration in project management, from Universidad de Mexico and a graduate degree in corporate finance from ITESM (Instituto Tecnológico de Estudios Superiores de Monterrey). 

In 2016, Burns & McDonnell established an office in Mexico City to pursue engineering/procure/construct (EPC) project opportunities in the power and energy sectors.

Earlier this year, the company was certified by the Centro Nacional de Control De Energía (CENACE), enabling the company to gain access to critical data on grid performance and other system performance measures as a means to offer engineering consulting services to clients and the system operator. The certification has enabled Burns & McDonnell to develop master plans on a number of improvements that are necessary to improve system reliability and resilience.  Formed in 2013 in the wake of a reform of Mexico's energy industry, CENACE is Mexico's independent system operator for the country's electrical grid.

Burns & McDonnell has had a presence in Mexico for more than 100 years, beginning in 1908 when company founders Clinton Burns and Robert McDonnell won a bid to develop a hydroelectric project for El Tigre Mining. Over the following decades, the company has engineered and built a number of projects, including a massive new wastewater treatment facility in Monterrey that was the largest treatment facility in Mexico when completed in 1997.

Mexico implemented far-reaching reforms of its power and energy industries in 2014 after decades of monopoly control by state-run enterprises PEMEX and Comisión Federal de Electricidad (CFE). Both sectors are now open to private investment by both U.S. and international businesses. Solar, wind and gas-fired generating facilities are being added to the Mexico grid while other projects are being planned to upgrade its power transmission and distribution system.

For photos and support materials, please visit our MEDIA KIT.

About Burns & McDonnell

Burns & McDonnell is a family of companies made up of more than 6,000 engineers, architects, construction professionals, scientists, consultants and entrepreneurs with offices across the country and throughout the world. We strive to create amazing success for our clients and amazing careers for our employee-owners. Burns & McDonnell is 100 percent employee-owned and is proud to be on Fortune's 2018 list of 100 Best Companies to Work For. For more information, visit burnsmcd.com.

SOURCE Burns & McDonnell

Related Links

http://www.burnsmcd.com

Read more: Eduardo Andrade Joins Burns & McDonnell as...

SUZHOU, China, Sept. 26, 2018 /PRNewswire/ -- GCL System Integration Technology Co., LTD. (SZ: 002506) ("GCL-SI"), put its 370W+ high-efficiency modules into mass production in the third quarter this year. Mass production of the new cast mono module of GCL-SI will drive headway for the world to reach grid parity.

The GCL cast mono module stands out with advantages of both polycrystalline and monocrystalline modules. When integrated with other advanced technologies such as Multi-Busbar technology (MBB) and white EVA, the GCL cast mono module can reach a staggering 370 W+, normally associated with monocrystalline modules. In addition to a high efficiency, it also has a lower temperature coefficient, better performance in power generation and less light-induced degradation. The new module has already entered mass production and is estimated to reach 3GW in 2019, the power output of which will bring electricity to nearly 13 million households.

The cell of the new module has an average efficiency of 21.4%,which is made of high-quality silicon wafer and polysilicon materials produced by GCL-Poly. By adopting the ingot casting technology through methods such as thermal field optimization and the addition of seed crystal, the final product comes out with low electric resistance rate, high purity, low oxygen content, better structure and vastly reduced costs compare to mono wafer.

"Striving for lower costs and higher efficiency has been a common concern and key objective of the PV industry recently - Our answer to this is technology innovation. As a one-stop system integration solutions provider, GCL-SI offers services and products for the entire industry chain. Starting from silicon materials, we make a significant, objective approach," said Luo Xin, the president of GCL-SI.

GCL has a team of 2500 experts in research and development for technology innovation around the world. It has R&D centers in Japan, Israel, China, the United States and many others. To date, the team has received 589 national patents and 408 authorization patents.

About GCL-SI

GCL System Integration Technology Co., Ltd. (SZ: 002506) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL). GCL-SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.

SOURCE GCL-SI

Read more: GCL Produces High-Efficiency Module to Power 13...

MILWAUKEE, Sept. 25, 2018 /PRNewswire/ -- EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems ("EnSync Energy," "we," "us," "our," or the "Company"), the leading provider of innovative distributed energy resources ("DERs") and business models for residential, commercial and utility installations, today announced financial results for the fourth quarter and fiscal year ended June 30, 2018. 

Financial Highlights

  • Revenue for fiscal 2018 was $11.9 million, compared to $12.5 million in fiscal 2017. The Company experienced construction delays for two power purchase agreement ("PPA") projects, and a signing delay on a third, which resulted in the shifting of revenue to the first half of fiscal 2019. For the fiscal year, the Company recognized revenue from 13 PPA projects.
  • Significantly better operational performance in fiscal 2018 compared to fiscal 2017. Gross profit improved by more than $3.0 million in fiscal 2018 on approximately the same amount of revenue as compared to fiscal 2017.
  • Gross margins improved to 19.9% during fiscal 2018, compared to a negative gross margin of (0.7)% during fiscal 2017. The Company continues to become more efficient and profitable on its PPA construction and sales efforts.
  • On September 5, 2018, the Company completed a registered direct offering of 11,334,616 shares of Common Stock at a price of $0.26 per share for net proceeds of $2.7 million.
  • The Company has 12 PPA projects in backlog in various stages of execution. Estimated backlog value for PPA projects, components and systems as of the date of this announcement is approximately $16.4 million.

Recent Business and Product Backlog Highlights

  • During the fourth quarter, EnSync Energy formally launched the company's leapfrog EnSync Home Energy System for property developers and residential customers which will allow 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.
  • Announced the signing of the largest PPA in company history, a 750 kW solar and 500 kWh energy storage system at the Keahumoa Place affordable housing development, utilizing our recently launched residential solution, the EnSync Home Energy System and the first ever deployment of peer-to-peer energy exchange on a DC-Link in the United States.
  • Secured a total backlog of just under $6.0 million for the EnSync Home Energy System
  • Announced the signing of a 20-year PPA with Kona Brewing Company for 336-kW solar and 122kW-hour energy storage system.
  • Announced the sale of a 20-year PPA with California Department of Forestry and Fire Protection to Standard Solar, marking the Company's entry into the California marketplace.
  • Announced the sale of a 20-year PPA with two community facilities, Polynesian Cultural Center, a tourist destination, and Kohala Village HUB, a community organization. The Polynesian Cultural Center agreement marks the first commercial on-bill financing project in Hawaii using the Hawaii Green Infrastructure Authority's Green Energy Money Saver (GEM$) On-Bill program.
  • Announced the sale of Hawai'i Pacific University Phase 2 PPA for Downtown Honolulu's largest solar project, the 20-year PPA will bring clean, affordable energy to Aloha Tower Marketplace.
  • Received a purchase order for a DER SuperModuleTM system shipping to an unannounced customer in Ohio.
  • Currently showcasing the Company's Home Energy System at the Solar Power International conference and demonstrated True Peer-to-PeerTM at Intersolar North America in San Francisco in July 2018.
  • Signed land options for six 2MW Community Solar installations in Illinois, each parcel being estimated at a little more than $4.0 million of value upon buildout and sale.
  • Signed a 20-year PPA for a system to be installed at Hawaii Pacific University for the Ocean Institute.

Management Discussion

Brad Hansen, CEO of EnSync Energy, commented, "Fiscal 2018 was a very strong operational and development year for EnSync Energy, where we increased gross profits by more than $3.0 million, while at the same time developed innovative products that are opening up new markets poised for rapid growth in the near term. Our strategy to expand our product portfolio beyond our historic Hawaii commercial and industrial market is gaining significant traction.  Besides the new commercial systems penetrations in California, Colorado and Ohio, we're targeting the Northeast for near-term success. Core to the success we have had, and the tremendous opportunities in front of us, is our DER SuperModuleTM product that is unmatched in the marketplace. The introduction of the leapfrog EnSync Home Energy System, targeted at the very high growth residential energy systems market, at least triples our total available market over the next few years, with the residential energy systems market overtaking the commercial systems market in size by as early as late-2019.  Our early success in locking up land lease options in Northern Illinois for 2019 build-out is a further addition to our sources of business. Our exceptional operational execution demonstrated in FY2018 is a great foundation to grow from in these additional regions and market segments."

"In fiscal 2019, we anticipate making a hard push towards our multi-family residential market opportunity, where our technology enables us to disrupt the traditional utility model that others in the industry simply cannot match. We believe the market window is wide open, and our EnSync Home Energy System is ideal for self-generation, while our True Peer-to-PeerTM energy exchange is creating a solution for installing solar generation on multi-family properties that were previously unsolvable. Our recent announcement and execution on our Keahumoa Place multi-family residential contract, the first peer-to-peer installation of its kind in the United States, has showcased our capabilities and has become a key driver to building out our pipeline. Our IP protected True Peer-to-PeerTM energy exchange capability will become vital for states like California to implement Zero Net Energy properties.  We're also heavily focused on signing up developer channels, especially in the Hawaii, California and Arizona markets where we anticipate shipping approximately 20 channel partner qualification systems at the end of this calendar year.  The US residential systems market will be worth at least $7.0 billion through 2023 and we're excited to go after a significant share of it."

"Our utility focus, driven largely by our participation in Illinois' renewable energy initiatives, is rapidly progressing as we target the community solar portion of their program. This program allows for up to 4 megawatt size installations to be constructed, then anyone in the utility territory of the installation can subscribe to that renewable electricity that is generated. We now have six parcels of land under option contract that will support a total of at least 12 megawatts of PV, where we estimate each megawatt will be worth approximately $2 million in revenue.  We're working to lock-up about another half dozen parcels before the end of the calendar year, targeting at least enough land to support 25 to 30 megawatts of projects. If the program administration stays on schedule and if we execute well, we should begin to see Illinois sales contribution next summer." 

Mr. Hansen concluded, "We're well prepared to capitalize on the opportunities that are directly in front of us in the commercial and industrial, residential, and utility markets. Our operational execution continues to improve, our addressable markets continue to expand, and our backlog and pipeline of projects is at an all-time high. I look forward to leveraging our unique product capabilities into fully operational projects in fiscal 2019 and the years to come."

Quarterly Financial Results

Total revenue for the fourth quarter of fiscal 2018 was $1.7 million, compared to $3.1 million in the year ago period.  Revenue in the fourth quarter was impacted by the sale and construction delays for three PPA projects, which resulted in the shifting of revenue to the first half of fiscal 2019. Revenue during the fourth quarter of fiscal 2018 was largely derived from 9 PPA contracts in Hawaii. 

Gross margins were 4.0% during the fourth quarter, compared to 5.5% gross margin in the year ago period. The decline in gross margin in the fourth quarter relative to the significant improvements during the first nine months of fiscal 2018, which resulted in a 22.4% gross margin for that period, was the result of inventory reserves and adjustments related to our legacy flow battery business, which resulted in a more pronounced impact on gross margin for the fourth quarter of fiscal 2018. Excluding the inventory reserves and adjustments of $0.3 million and $(0.1) million for the fourth quarter of fiscal 2018 and fiscal 2017, respectively, adjusted gross margins would have been 21.9% in the fourth quarter of fiscal 2018, compared to adjusted gross margins of 3.8% in the year ago period. The Company's expectation is that gross profit margins on future PPA sales should be between 15% and 25%. 

Advanced Engineering and Development costs decreased to $1.0 million during the fourth quarter, compared to $1.3 million in the year ago period, primarily due to the completion of the EnSync Home Energy System in the fourth quarter of fiscal 2018.  Selling, General and Administrative expenses decreased to $2.7 million during the fourth quarter, compared to $2.8 million in the year ago period. Total Advanced Engineering and Development costs plus Selling, General and Administrative expenses (excluding stock-based compensation of $0.4 million and $0.6 million, respectively) was $3.3 million during the fourth quarter, compared to $3.5 million in the year ago period.

Net loss attributable to common shareholders was $(3.7) million, or $(0.07) per basic and diluted share, for the fourth quarter of fiscal 2018, compared to net income of $9.2 million, or $0.19 per basic and diluted share, in the fourth quarter of fiscal 2017, or an adjusted net loss of $(4.1) million, or $(0.08) per basic and diluted share after excluding the $13.3 million gain related to the termination of the SPI supply agreement in the fourth quarter of fiscal 2017.

Annual Financial Results

Total revenue for fiscal 2018 was $11.9 million compared to $12.5 million in fiscal 2017. In fiscal 2018, the Company had 13 PPA contracts contribute to revenues.

Gross margins improved to 19.9% during fiscal 2018, compared to (0.7)% gross margin in fiscal 2017.  Adjusted gross margins excluding the inventory reserves and adjustments of $0.4 million and $0.2 million, respectively, would have been 22.8% in fiscal 2018 and 0.7% in fiscal 2017. The improved gross margin is attributable to continued efficiencies in the procurement, construction and sale process.   

Advanced Engineering and Development costs decreased to $4.4 million during fiscal 2018, compared to $4.8 million in fiscal 2017.  Selling, General and Administrative expenses decreased to $10.3 million in fiscal 2018, compared to $11.1 million in fiscal 2017. The improvement in Selling, General and Administrative expenses was primarily the result of a reduction in stock-based compensation.

Net loss attributable to common shareholders was $(13.3) million, or $(0.24) per basic and diluted share in fiscal 2018, compared to a net loss attributable to common shareholders of $(4.4) million, or $(0.09) per basic and diluted share, in fiscal 2017, or an adjusted net loss of $(17.7) million, or $(0.37) per basic and diluted share after excluding the $13.3 million gain related to the termination of the SPI supply agreement in fiscal 2017.

Balance Sheet and Backlog

Cash and cash equivalents at June 30, 2018 was $3.0 million. On September 5, 2018, the Company completed a registered direct offering of a maximum shares currently available under its shelf registration of 11.3 million shares at a price of $0.26 per share. The Company received net proceeds of $2.7 million.

Estimated backlog value for PPA projects, components and systems as of the date of this announcement is approximately $16.4 million.

Nonstatutory Inducement Stock Option Grant to New Employees

On April 24, 2018, two new non-executive employees were issued nonstatutory inducement stock options to purchase a total of 160,000 shares of common stock.  The nonstatutory inducement stock options are exercisable at a price of $0.39 per share (which was the closing price of a share of the Company's Common Stock on the grant date) and vest in three equal annual installments.  The awards were approved by the Company's independent Compensation Committee of the Board of Directors and were granted as an inducement material to the new employees entering into employment with the Company.  The Company is making this announcement as required by NYSE American rules.

Conference Call Information

Date: Tuesday, September 25, 2018

Time: 4:30 p.m. ET (3:30 p.m. CT)

Domestic participant dial in #: (877) 283-0524 or (412) 317-5232

Conference code #: 10124143

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.

Interested parties can also listen to a live internet webcast available in the investor section of the Company's website at www.ensync.com. 

A teleconference replay of the call will be available at (877) 344-7529 or (412) 317-0088, confirmation code 10124143, through October 2, 2018. A webcast replay will be available in the investor section of the Company's website at www.ensync.com for 90 days. 

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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections.  Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms.  All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding project completion timelines, our ability to monetize our PPA assets, statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our historical and anticipated future operational losses and our ability to continue as a going concern; our ability to raise the necessary capital to fund our operations and the risk of dilution to shareholders from capital raising transactions; our ability to successfully commercialize new products, including our EnSync Home Energy System, MatrixTM Energy Management, DER FlexTM, DER SupermoduleTM, and AgileTM Hybrid Storage Systems; our ability to lower our costs and increase our margins; our product, customer and geographic concentration, and lack of revenue diversification; the length and variability of our sales cycle; our dependence on governmental mandates and the availability of rebates, tax credits and other economic incentives related to alternative energy resources and the regulatory treatment of third-party owned solar energy systems; and the other risks and uncertainties discussed in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Report(s) on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Non-GAAP Financial Measures
In this press release, we have included several non-U.S. GAAP financial measures, including adjusted gross margin and adjusted net loss, as our management believes this information is useful to investors to aid in comparisons with other periods.   The non-U.S. GAAP information has limitations as an analytical tool and should not be considered in isolation from or as a substitute for U.S. GAAP information.

Media Relations Contact:
Antenna
Shreema Mehta
This email address is being protected from spambots. You need JavaScript enabled to view it.  
(646) 416-9853

EnSync Energy Media Contact:
Michelle Montague
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(262) 735-5676

Investor Relations Contact:
Lytham Partners, LLC 
Robert Blum, Joseph Diaz, or Joe Dorame 
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(602) 889-9700

EnSync, Inc.

Consolidated Statements of Operations

 Three months ended June 30, 

 Year ended June 30, 

2018

2017

2018

2017

Revenues

$   1,650,495

$  3,050,549

$   11,932,328

$  12,494,184

Costs and expenses

Cost of product sales

1,584,611

2,882,600

9,562,472

12,586,458

Cost of engineering and development

-

-

-

937,725

Advanced engineering and development

979,619

1,336,514

4,449,974

4,829,840

Selling, general and administrative

2,691,239

2,777,265

10,252,674

11,109,038

Depreciation and amortization

49,491

97,293

296,417

551,680

Impairment of long-lived assets

-

-

447,000

-

Total costs and expenses

5,304,960

7,093,672

25,008,537

30,014,741

Loss from operations

(3,654,465)

(4,043,123)

(13,076,209)

(17,520,557)

Other income (expense)

Equity in gain (loss) of investee company

77,769

(46,082)

(307,674)

(217,898)

Interest income

3,882

8,225

23,795

41,661

Interest expense

(7,514)

(13,255)

(38,484)

(50,474)

Other income (loss)

(64,003)

6,973

74,031

15,405

Gain on termination of SPI Supply Agreement

-

13,290,000

-

13,290,000

Total other income (expense)

10,134

13,245,861

(248,332)

13,078,694

Income (loss) before benefit for income taxes

(3,644,331)

9,202,738

(13,324,541)

(4,441,863)

Benefit for income taxes

-

-

-

-

Net income (loss)

(3,644,331)

9,202,738

(13,324,541)

(4,441,863)

Net income (loss) attributable to noncontrolling interest

35,237

81,266

354,526

352,327

Net income (loss) attributable to EnSync, Inc.

(3,609,094)

9,284,004

(12,970,015)

(4,089,536)

Preferred stock dividend

(89,679)

(81,246)

(345,810)

(313,286)

Net income (loss) attributable to common shareholders

$  (3,698,773)

$  9,202,758

$  (13,315,825)

$   (4,402,822)

Net income (loss) per share

Basic and diluted

$           (0.07)

$           0.19

$             (0.24)

$            (0.09)

Weighted average shares - basic and diluted

56,537,508

48,675,937

56,003,019

48,070,993

EnSync, Inc.

Consolidated Balance Sheets

 June 30, 2018 

 June 30, 2017 

Assets

Current assets:

Cash and cash equivalents

$         2,984,532

$        11,782,962

Accounts receivable, net

215,009

469,906

Inventories, net

1,220,448

2,482,013

Costs and estimated earnings in excess of billings

528,266

87,318

Prepaid expenses and other current assets

929,379

630,998

Total current assets

5,877,634

15,453,197

Long-term assets:

Property, plant and equipment, net

775,545

3,446,253

Investment in investee company

1,640,054

1,947,728

Goodwill

809,363

809,363

Right of use assets-operating leases

1,087,249

150,214

Other assets

91,087

7,502

Total assets

$       10,280,932

$        21,814,257

Liabilities and Equity

Current liabilities:

Current maturities of long-term debt

$                        -

$             726,256

Accounts payable

1,142,256

487,185

Billings in excess of costs and estimated earnings 

176,294

456,950

Accrued expenses 

1,236,680

1,231,714

Total current liabilities

2,555,230

2,902,105

Long-term liabilities:

Long-term debt, net of current maturities

331,827

331,827

Deferred revenue

538,937

422,638

Other long-term liabilities

1,072,120

249,920

Total liabilities

4,498,114

3,906,490

Commitments and contingencies

-

-

Equity

Series B redeemable convertible preferred stock ($0.01 par value, $1,000 face value), 3,000 shares authorized and issued, 2,300 shares outstanding, preference in liquidation of $5,976,896 and $5,631,086 as of June 30, 2018 and June 30, 2017, respectively

23

23

Series C convertible preferred stock ($0.01 par value, $1,000 face value), 28,048 shares authorized, issued, and outstanding, preference in liquidation of $0 and $12,276,682 as of June 30, 2018 and June 30, 2017, respectively

280

280

Common stock ($0.01 par value), 300,000,000 authorized, 56,609,115 and 55,200,963 shares issued and outstanding as of June 30, 2018 and June 30, 2017, respectively

1,274,406

1,260,324

Additional paid-in capital

143,008,995

141,822,317

Accumulated deficit

(137,609,659)

(124,639,644)

Accumulated other comprehensive loss

(1,587,702)

(1,584,578)

Total EnSync, Inc. equity

5,086,343

16,858,722

Noncontrolling interest

696,475

1,049,045

Total equity

5,782,818

17,907,767

Total liabilities and equity 

$          10,280,932

$          21,814,257

EnSync, Inc.

 Consolidated Statements of Cash Flows

Year ended June 30,

2018

2017

Cash flows from operating activities

Net loss

$    (13,324,541)

$      (4,441,863)

Adjustments to reconcile net loss to net cash used in

operating activities:

Depreciation of property, plant and equipment

288,168

483,636

Amortization of customer intangible assets

8,249

68,044

Stock-based compensation, net

1,142,749

2,145,765

Equity in loss of investee company

307,674

217,898

Provision for inventory reserve

354,000

182,647

Gain on sale of property, plant and equipment

(73,647)

(1,911)

Interest accreted on note receivable

(10,981)

(12,000)

Allowance for note receivable

162,121

-

Gain on termination of SPI Supply Agreement

-

(13,290,000)

Impairment of long-lived assets

447,000

-

Changes in assets and liabilities

Accounts receivable

254,897

(297,273)

Inventories

907,565

(794,718)

Costs and estimated earnings in excess of billings

(440,948)

(87,318)

Prepaids and other current assets

(478,119)

1,756,979

Deferred PPA project costs

-

5,690,307

Other assets

(86,360)

(4,727)

Accounts payable

655,071

(82,041)

Billings in excess of costs and estimated earnings 

(280,656)

456,950

Accrued expenses

(127,646)

227,474

Deferred revenue

116,299

422,638

Other long-term liabilities

16,793

145,013

Net cash used in operating activities

(10,162,312)

(7,214,500)

Cash flows from investing activities

Expenditures for property and equipment

(288,846)

(46,366)

Proceeds from sale of property, plant and equipment

2,299,017

8,432

Payments from note receivable

20,000

12,000

Net cash provided by (used in) investing activities

2,030,171

(25,934)

Cash flows from financing activities

Repayments of long term debt

(726,256)

(332,344)

Proceeds from issuance of common stock

96,674

2,095,840

Proceeds from the exercise of stock options

-

69,960

Payments of tax withholding related to stock-based compensation

(38,663)

-

Contribution of capital from noncontrolling interest

1,956

-

Net cash provided by (used in) financing activities

(666,289)

1,833,456

Effect of exchange rate changes on cash and cash equivalents

-

851

Net decrease in cash and cash equivalents

(8,798,430)

(5,406,127)

Cash and cash equivalents - beginning of period

11,782,962

17,189,089

Cash and cash equivalents - end of period

$     2,984,532

$       11,782,962

Supplemental disclosures of cash flow information:

Cash paid for interest

$          40,888

$              51,134

Supplemental noncash information:

Right of use asset obtained in exchange for new operating lease

937,035

122,950

SOURCE EnSync, Inc.

Related Links

http://www.ensync.com

Read more: EnSync Energy Reports Fourth Quarter and Fiscal...

New York, 25 septembre 2018 – Patrick Pouyanné, Président-directeur général de Total, et Patrick de La Chevardière, directeur financier, présentent aujourd’hui à New York la stratégie et les perspectives du Groupe à la communauté financière. La présentation et la retransmission vidéo en anglais de l’évènement sont disponibles sur total.com.

Les principaux messages à retenir de cette présentation sont les suivants :
 
Tenir nos engagements de façon constante

Au cours des trois dernières années, Total a démontré sa capacité à respecter ses engagements et à tenir ses objectifs : croissance de la production, réduction des coûts et cession d’actifs. L’Aval continue d’afficher une rentabilité supérieure à celle du secteur et à dégager de solides cashflow. La situation du Groupe s’en trouve ainsi renforcée, avec une baisse du point mort après dividende à 50 $/b, soit un point mort inférieur de plus de 50 % à son niveau en 2014. 

Pour les années à venir, Total confirme ses principaux objectifs :

  • Une hausse exceptionnelle de sa production, de l’ordre de 6 à 7 % par an en moyenne sur la période 2017-2020. 
  • Des investissements nets de 15 à 17 milliards de dollars sur cette même période.
  • Un objectif de réduction des coûts opératoires de 5 milliards de dollars par an d’ici à 2020 (base : 2014), en augmentation par rapport aux économies de 3,7 milliards de dollars atteintes en 2017. 


Créer de la valeur tout au long du cycle 

Depuis 2015, Total a tiré parti du cycle pour acquérir, à un coût inférieur à 2,5 $ par baril équivalent pétrole (bep), plus de 7 milliards de bep de ressources à point mort bas. Ces ressources, qui représentent 25 % du portefeuille de l’Amont, ont permis une forte amélioration de la base d’actifs du Groupe. 

Total met désormais à profit le contexte favorable en termes de coûts pour lancer le développement aussi bien de grands projets que de ressources à cycle court. Le portefeuille ainsi amélioré offre un riche pipeline de projets majeurs qui seront lancés d’ici 2020 et qui ajouteront plus de 700 kbep/j de production, contribuant ainsi à un taux de croissance moyen de 5 % par an sur la période 2017-2022. En outre, le Groupe possède un certain nombre de projets à cycle court, tels que des raccordements en eaux profondes et des puits infills, qui peuvent être développés à moins de 7 $/bep et offrent des rentabilités élevées ainsi qu’un retour sur investissement rapide. 

Bâtir une major de l’énergie responsable en nous appuyant sur nos points forts et en se positionnant sur les marchés en croissance

Total intègre le climat dans sa stratégie et anticipe les tendances nouvelles du marché de l’énergie. Ainsi, le Groupe donne priorité aux projets pétroliers à point mort bas, renforce son développement sur la chaîne de valeur du gaz naturel et développe un business rentable dans l’électricité bas carbone. Afin de refléter cette stratégie, le Groupe adaptera sa structure de reporting à partir de 2019 avec la création d’un nouveau secteur intitulé Integrated Gas, Renewables & Power (iGRP). Ce secteur recouvrira l’actuelle branche Gas, Renewables & Power ainsi que les actifs GNL (amont et liquéfaction) actuellement reportés dans le périmètre de l’Exploration-Production.

En outre, le Groupe a publié aujourd'hui la 3ème édition du rapport "Intégrer le Climat à notre Stratégie" qui présente un nouvel indicateur d’intensité carbone. Le Groupe se fixe l’objectif de réduire de 15% entre 2015 et 2030 l’intensité carbone des produits énergétiques qu’il  met à disposition de ses clients. Au-delà de 2030, Total affiche l’ambition de poursuivre ses efforts, voire de les accélérer en fonction des évolutions technologiques et des politiques publiques, ce qui permettrait d’atteindre une baisse de l’ordre de 25 % à 35 % d’ici à 2040.

Tenir ses engagements en matière de retour à l’actionnaire 

Le Groupe dispose d’une vision claire de la croissance de son cash-flow d’ici à 2020, stimulé par les démarrages de projets et par ses acquisitions récentes. À 60 $ le baril de Brent, le cash-flow devrait progresser de 7 milliards de dollars sur la période 2017-2020 et la rentabilité des capitaux propres atteindre 12 %. 

Total met en œuvre la politique de retour aux actionnaires annoncée en février dernier :

  • l’acompte sur dividende au titre de l’exercice 2018 a été augmenté de 3,2 %, en ligne avec la hausse annoncée de 10 % d’ici 2020,
  • en 2018, le Groupe rachètera 1,5 milliard de dollars d’actions dans le cadre de son programme de rachat d’actions de 5 milliards de dollars sur la période 2018-2020.


Total est confiant que cette stratégie claire et sa mise en œuvre rigoureuse permettront d’offrir aux investisseurs un rendement parmi les meilleurs du secteur. 

***

Une série de présentations thématiques par les membres du Comité exécutif et d’autres dirigeants de Total aura lieu à l’issue de cette présentation Stratégie & Perspectives :

Développements en eaux profondes : une source de croissance rentable
Arnaud Breuillac, directeur général Exploration-Production

Croître dans la chaine de valeur intégrée du Gaz Naturel Liquéfié (GNL)
Laurent Vivier, directeur Gaz

Se développer dans la Pétrochimie
Bernard Pinatel, directeur général Raffinage-Chimie 

Le Marketing & Services du futur
Momar Nguer, directeur général Marketing & Services

Les nouvelles technologies au bénéfice de la croissance future
Marie-Noëlle Semeria, directrice Recherche et développement

Intégrer le Climat dans notre stratégie
Philippe Sauquet, directeur général Gas, Renewables & Power et directeur général Stratégie-Innovation

* * * * *

Total contacts 

Relations Médias : +33 1 47 44 46 99 l This email address is being protected from spambots. You need JavaScript enabled to view it. l @TotalPress
Relations Investisseurs : +44 (0)207 719 7962 l This email address is being protected from spambots. You need JavaScript enabled to view it.

Avertissement
Ce communiqué de presse est publié uniquement à des fins d’information et aucune conséquence juridique ne saurait en découler. Les entités dans lesquelles TOTAL S.A. détient directement ou indirectement une participation sont des personnes morales distinctes et autonomes. TOTAL S.A. ne saurait voir sa responsabilité engagée du fait des actes ou omissions émanant desdites sociétés. Les termes « TOTAL », « Groupe TOTAL » et « Groupe » qui figurent dans ce document sont génériques et utilisés uniquement à des fins de convenance. De même, les termes « nous », « nos », « notre » peuvent également être utilisés pour faire référence aux filiales ou à leurs collaborateurs.
Ce document peut contenir des informations et déclarations prospectives qui sont fondées sur des données et hypothèses économiques formulées dans un contexte économique, concurrentiel et réglementaire donné. Elles peuvent s’avérer inexactes dans le futur et sont dépendantes de facteurs de risques. Ni TOTAL S.A. ni aucune de ses filiales ne prennent l’engagement ou la responsabilité vis-à-vis des investisseurs ou toute autre partie prenante de mettre à jour ou de réviser, en particulier en raison d’informations nouvelles ou événements futurs, tout ou partie des déclarations, informations prospectives, tendances ou objectifs contenus dans ce document.

Read more: Présentation Stratégie & Perspectives 2018

As one of the world's largest energy storage markets, North America holds the highest standards for the inverter and battery quality, more stringent safety requirements for the system. TUV Rheinland's UL9540 evaluation tests are very comprehensive and strict, which cover battery, energy storage inverter, battery connection panel, switchgears, control system and other auxiliary components such as HVAC and fire suppression system.

To meet the growing demand for C&I energy storage in North America, Sungrow designed this turnkey solution specifically for the US customers and made relentless tests including the shake and vibration test to meet California's special installation requirements. The system is supplied by Sungrow-Samsung SDI Joint Venture and it consists of a 250kW storage inverter which is UL1741-SA certified, 548kWh of Samsung SDI Mega E2 lithium batteries, HVAC, a fire suppression system and an energy management system. The system comes with two configurations to address different installation and footprint requirements. ST548KWH-250(A) is best characterized by flexible system package, which enables easy expansion, quick installations and minimized on-site labor.

TUV Rheinland Greater China's General Manager for ESS, Weichun Li said, "An optimal design of ESS is one of the key factors leading to a successful project. Our technical team from North America has worked with Sungrow's experts to bring a meticulous evaluation process for Sungrow ESS from multiple levels including the system design, electric safety, battery safety, grid-connected characteristics, environmental adaptability and functional safety assessment. The whole evaluation for the system and quality control technology indicates that it adheres to the world's highest standards."

We are happy to work with TUV Rheinland on our bestselling C&I solution to UL9540 certificate , it further demonstrated our technology strength and leading position in the energy storage industry," commented Professor Cao Renxian, Chairman of Sungrow. "We have always been committed to providing our clients with top quality and reliable products while staying on the leading edge of PV and energy storage technology."

About Sungrow

Sungrow Power Supply Co., Ltd ("Sungrow") is a global leading inverter solution supplier for renewables with over 68 GW installed worldwide as of June 2018. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 21-year track record in the PV space, Sungrow products power installations in over 60 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com

SOURCE Sungrow Power Supply Co., Ltd

Related Links

http://www.sungrowpower.com

Read more: TUV Rheinland Issues Its First UL9540...

HONOLULU, Sept. 25, 2018 /PRNewswire/ -- EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, the leading provider of innovative distributed energy resources (DERs) and business models for residential, commercial and utility installations, today announced a 20-year power purchase agreement with Hawai'i Pacific University to build a 211-kilowatt (kW) photovoltaic (PV) system on four buildings at its affiliate not-for-profit, the Oceanic Institute, on Oahu, Hawaii.

Nestled next to the iconic Sea Life Park Hawaii aquarium on the far eastern point of the island, the Oceanic Institute works as an applied aquaculture research facility to support the development of more efficient and productive farming in controlled underwater habitats. The Oceanic Institute works to improve the systems managing what the World Wildlife Fund describes as the fastest growing food production system in the world.

"Working with Hawai'i Pacific University and the Oceanic Institute of HPU enables us to champion both responsible coastal resource management and now sustainable, local energy. Just as its technology leadership has had ripple effects on the aquaculture industry, we hope the Oceanic Institute's interest in solar energy technology will spread as well," said Brad Hansen, CEO of EnSync Energy.

The Oceanic Institute, like other aquaculture facilities, has a large energy load to meet its mission-critical energy needs, which include constant water pumping. To find and deliver the lowest-cost, most reliable electricity from multiple sources, EnSync Energy performed detailed modeling of the site, the load consumption data, available energy assets and technical design options to optimize the final design and validate financial return on the photovoltaic system's production numbers.

The 211-kW roof-mounted PV installation will support the Oceanic Institute's large load by generating local and clean energy to be used on-site. The solar project will reduce the facility's energy costs, which in Hawaii are the highest in the nation, by lowering the aquaculture research facility's total grid-supplied energy use, reducing expensive peak demand charges and adding resiliency.

"Our partnership with EnSync Energy furthers HPU's commitment to innovative energy solutions and sustainable business practices," said Bruce Edwards, Senior Vice President and Chief Financial Officer of HPU. "We're proud initiatives like this and our PV installation at Aloha Tower Marketplace are helping Hawai'i meet its clean energy goal."

HPU and EnSync Energy's 660-kilowatt PV system on the rooftop of the historic Aloha Tower Marketplace is the largest solar development in downtown Honolulu. The first phase of that project is operational and supplying energy to the mixed-use university space, while the second phase is under construction.

EnSync Energy's tailored project development and financing support enables investors and local energy consumers to commit to clean energy cost savings while furthering Hawaii's state goal to achieve 100 percent renewable energy by 2045. EnSync Energy has contracted 27 commercial projects in Hawaii, which will account for more than $42.8 million in electricity sales over the terms of the agreements. 

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.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections.  Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms.  All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding project completion timelines, our ability to monetize our PPA assets, statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our historical and anticipated future operation losses and our ability to continue as a going concern; our ability to raise the necessary capital to fund our operations and the risk of dilution to shareholders from capital raising transactions; our ability to successfully commercialize new products, including our EnSync Home Energy System, MatrixTM Energy Management, DER FlexTM, DER SuperModule, and AgileTM Hybrid Storage Systems; our ability to lower our costs and increase our margins; our product, customer and geographic concentration, and lack of revenue diversification; the length and variability of our sales cycle; our dependence on governmental mandates and the availability of rebates, tax credits and other economic incentives related to alternative energy resources and the regulatory treatment of third-party owned solar energy systems; and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Report(s) on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

About Hawai'i Pacific University
Founded in 1965, Hawai'i Pacific University has grown to become the state's leading private, non-profit university, with a student population of nearly 5,000 undergraduate and graduate students from all 50 states and nearly 65 countries around the world. It has campuses in downtown Honolulu, Kāne'ohe, and Makapu'u, and on military bases around O'ahu. The Chronicle of Higher Education, The Wall Street Journal and USA Today have named it among the most diverse private universities in the nation. www.HPU.edu

EnSync Energy Media Contact:

Lisa Nash
Antenna Group for EnSync Energy
This email address is being protected from spambots. You need JavaScript enabled to view it.
646-883-4296

Michelle Montague 
This email address is being protected from spambots. You need JavaScript enabled to view it. 
(262) 735-5676

Investor Relations Contact:

Lytham Partners, LLC 
Robert Blum, Joseph Diaz, or Joe Dorame 
(602) 889-9700

SOURCE EnSync, Inc.

Related Links

http://www.ensync.com

Read more: EnSync Energy and Hawai'i Pacific University...

LOS ANGELES, Sept. 25, 2018 /PRNewswire/ -- Enver Energy Improvements is primed to help South Orange County's rising electric bills by offering their energy solar solution services. With energy prices increasing by up to 40 percent this summer alone, the best solution to assist in cutting down the rise in prices is to go with a Whole House Fan.

The Whole House Fan is an exhaust system that is specifically designed to circulate air in your home easily and effectively.  Utilizing a Whole House Fan is cost effective, energy efficient, quiet, and healthier for your home.

It costs around $0.74 less an hour than air conditioning since it uses much less power than an AC unit. With little noise, there are no disturbances and it can cool your house down in under an hour. The chance of power outages in summer months becomes almost non-existent without the constant use of electricity that a normal AC unit would use.

Not only does solar energy help your monthly bill, it can make your home a more eco-friendly place that will make it easier to sell in the long run. Going green is one of the best things you can do for your home and health.  Bringing the fresh air from outside and pushing the stale, hot air out allows the harmful pollutants that are inside your home to virtually disappear.

Enver Energy Improvements' main focus is to bring affordable, reliable, and clean energy to homes and businesses. Self-branded as a one-stop shop, they offer an array of products to lower your energy costs in every way possible by making your home more eco-friendly.

You can call Enver Energy Improvement for a free quote by visiting their website: www.enverenergy.com

SOURCE Enver Energy Improvements

Related Links

http://www.enverenergy.com

Read more: Enver Energy Improvements leads South Orange...

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