AUSTIN, Texas – June 13, 2016 – ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for utility and microgrid applications, as part of its ongoing commitment and comprehensive approach to transparency, quality and reliability, selected and hired the world-leading engineering, construction and consulting firm Black & Veatch to conduct an independent assessment of its Z20 and GS200 Redox Flow Energy Storage Systems. In the process, Black & Veatch methodically reviewed documents and test results, visited the facilities of both ViZn and its manufacturing partner Jabil, and reviewed the performance of ViZn’s energy storage technology.

In its assessment of ViZn’s Z20 and GS200 flow batteries, Black & Veatch stated that it believes:

• The ViZn batteries outperform systems with lithium-based chemistries at high ambient temperatures due to the fact that the ViZn energy storage systems perform well at high ambient temperature without any HVAC load.
• Jabil’s vendor qualification and monitoring process is well established and should be able to ensure quality materials and components for ViZn’s products.
• ViZn’s zinc-iron redox storage technology is designed and manufactured for large scale energy storage applications. Key differentiators from other flow battery technologies are: safety and non-flammability of the electrolytes and chemistry, abundance of core raw materials, a 20-year expected system life, an HVAC system is not required to operate at high ambient temperatures, and ViZn’s battery life and warranty are independent of the duty cycle imposed on the system.
• ViZn’s senior management team has experience in the manufacturing commercialization of novel products in the energy industry and appears to have the skills required to manage ViZn.

“The results of Black & Veatch’s assessment are consistent with our own internal test results for performance and longevity and, in some cases, exceeded our expectations,” said Ron Van Dell, President and CEO of ViZn Energy Systems. “We’ve dedicated an extensive amount of R&D to continuously improve our batteries which, we believe, has resulted in the best value energy storage technology on the market.”

ViZn sought Black & Veatch’s expertise in conducting the independent assessment to demonstrate bankability and ensure project financing of ViZn systems. Black & Veatch’s comprehensive assessment evaluated the design, performance, and manufacturing of ViZn’s Z20 and GS200 flow batteries and assessed ViZn as a company. ViZn is happy to share the report with interested parties upon request.

ViZn’s flow batteries are designed with the customer in mind, which is why the company has built in both high-power and long-duration capabilities, low O&M and a 20-year operating life, allowing end users to incorporate multiple value streams and realize more favorable payback periods than other energy storage technologies on the market. ViZn is currently building the largest flow battery in North America and is on track to be the largest global producer of flow batteries by the end of the year

ViZn Press Release Top 10 Lists_26 April 2016

Named as a leading energy storage firm in Austin Business Journal, Energy CIO Insights, and Energy Storage News

AUSTIN, Texas, 26 April 2016– ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for utility, commercial & industrial and microgrid applications, has recently been recognized three times over as a leading innovator in the industry. Energy CIO Insights, the Austin Business Journal and Energy Storage News each have named ViZn – developers of the world’s first cost effective and safe flow battery system – as one of the top cleantech companies.

“We’re honored that three well-respected media outlets singled out ViZn as an industry leader,” said Ron Van Dell, CEO of ViZn Energy Systems. “As we scale with more installations, industry analysts and media continue to recognize the value of a flexible energy storage system that safely and effectively performs a greater mix of applications than other technologies on the market.”

Energy CIO Insights – the leading monthly magazine that focuses on the Energy and Utility Sector – has named ViZn as one of the Top 10 Vendors to Watch in Smart Grid. The list annually recognizes leading innovators and solutions providers developing products that make our power transmission system safer, more reliable and more cost effective.

The Energy Storage 100 is curated by Energy Storage News to acknowledge the storage industry’s most influential businesses that are shaping this rapidly expanding market. Energy Storage News focuses exclusively on the worldwide energy storage market from a business and innovation perspective.

Lastly, The Austin Business Journal (ABJ) annually compiles a list of the top cleantech companies in the tech-centric capital of Austin, Texas. The list is comprised of the leading companies that provide sustainable and clean technologies that reduce the environmental footprint of traditional industry. The ABJ recognized ViZn’s Department of Energy-funded, non-toxic, zinc-iron redox flow batteries for their role in making wide-scale adoption of renewable energy economically viable.

“Many customers, and an increasing number of independent journalists appreciate how our robust and safe system can safely charge and discharge over five times more electricity than the leading lithium-ion alternatives,” said Van Dell.

ViZn’s products are safe and non-toxic so they can be located close to valuable grid infrastructure and in densely populated areas close where people live and work. Compared to competing battery storage products, ViZn’s solutions maintain one of the fastest charge and discharge responses on the market in a design that can facilitate multiple cycles each day. Its flow battery is capable of both high-power and long-duration services, giving it the unique ability to perform a broad range of both front-of-the-meter and behind-the-meter applications. Its flexibility allows end users to safely incorporate multiple revenue streams for more favorable payback periods. It is the most cost-effective flow battery system on the market today.