ViZn Energy Systems’ Flow Battery Technology Named a Viable Substitute for Many Peaker Plants

Battery’s attractive economics highlighted in Energy Strategies Group White Paper

Columbia Falls, MT – October 29, 2014 – ViZn Energy Systems, Inc., a pioneer in large-scale energy storage technology, has announced that its zinc redox flow battery technology has been highlighted as a viable substitute for many simple cycle peaking power plants in a white paper by Energy Strategies Group (ESG), a specialist consultancy in grid-scale energy storage technologies.

ESG’s white paper titled, “Guide to Procurement of Flexible Peaking Capacity: Energy Storage or Combustion Turbines?” looks at the efficacy and economics of substituting advanced energy storage for simple cycle combustion turbine peaker plants. In its paper, ESG highlights the economics of ViZn Energy’s flow battery for peak power substitution.

Every power grid must have extra electrical capacity to handle peak power demand. Simple cycle gas-fired combustion turbines (CTs) have historically provided much of the nation’s electrical peaking capacity. The cost of energy storage from flow batteries is now converging with the cost of combustion turbines when four hours or less of peaking capacity is required. This represents a large new market for multi-hour flow battery energy storage.

As stated by Chet Lyons, ESG principal and author of the white paper: “ViZn Energy’s flow battery is an economically attractive substitute for many simple cycle gas-fired combustion turbine peaking plants, especially when deployed on a distributed basis and owned and operated by the electric utility.” He specifically noted the following: “Using ViZn Energy’s zinc/iron flow battery, the CapEx for a substitute 4-hour storage-based peaker plant is projected to be $1,390 per kW by 2017, or $348 per kWh of installed capacity.” He added, “At that price point, storage will be directly competitive with some conventional simple cycle CTs. For CTs at the higher end of the CT cost range, ViZn Energy’s 4-hour storage will be a clear winner by 2017.”

Lyons also noted: “By 2018 the CapEx of ViZn Energy’s 4-hour flow battery storage solution, which ESG uses as a proxy for the lowest cost flow battery technologies now being commercialized, is projected to be $974 per kW, or $244 per (installed) kWh, essentially the same as a conventional simple cycle CT. Storage will be a disruptive winner against simple cycle gas-fired CTs at that point, assuming a typical mid-range cost for competing fossil-based CT generation resources.”

Ron Van Dell, CEO of ViZn Energy Systems, commented: “The regulatory landscape for energy storage is undergoing rapid and exciting change. As an example, Arizona Public Service and the Residential Utility Consumer Office recently filed a joint proposal to require that at least 10 percent of any new peaker capacity currently being planned as simple cycle combustion turbines instead be switched to energy storage as long as storage can meet the cost effectiveness and reliability criteria of a simple-cycle combustion turbine. That’s exactly what ViZn Energy Systems’ technology can do.”

Van Dell continued, “ESG’s comprehensive white paper is further validation of ViZn’s safe, effective and innovative technology and provides an excellent analysis of where we see our products fitting into the energy storage space in the next five years.”

ESG’s white paper concludes that utility planners should make cost-benefit analysis of energy storage for peaker plants mandatory practice in all parts of the United States.

ViZn Energy Systems Bolsters Executive Leadership Team

ViZn Energy Systems Appoints of David Mintzer to Vice President Business Development and Del Allison to Vice President Sales

ViZn to ramp up manufacturing of its Zinc Redox Flow Battery systems

Columbia Falls, MT, 25 September 2014 – ViZn Energy Systems, Inc. (ViZn), a pioneer in large-scale energy storage technology, has announced the appointments of David Mintzer and Del Allison to the roles of Vice President, Business Development and Vice President, Sales respectively. With over 50 years in combined business development and sales leadership experience driving some of the industry’s foremost renewable energy and electronics companies, these additions to the ViZn executive team will further strengthen the organization’s growth strategy and global reach as it continues to gain worldwide momentum for its Zinc Redox Flow Battery systems. ViZn also announced that it is ramping up its manufacturing lines to meet growing market need.

Ron Van Dell, President and CEO of ViZn, commented, “Attracting the caliber of leaders like David and Del to the team is a testament to ViZn’s market potential. With their collective passion, industry relationships and experience scaling successful businesses across the globe, we are well positioned to accelerate our growth strategy both domestically and internationally. It’s an exciting time at ViZn and we’re thrilled to have David and Del join our leadership team.”

David Mintzer brings over 25 years’ business development, sales and marketing experience to ViZn from the renewables, electronics and telecommunications sectors. Prior to joining ViZn, Mintzer was VP of Business Development at ET Solar. He has also held roles in business development for SolarBridge Technologies and was VP Sales & Marketing for JDSU’s Commercial Laser Division. Before JDSU, he held positions at Newport Corporation and Physical Optics Corporation where he designed several of the world’s first high-volume illumination systems using high-brightness LED’s for bar-code readers, automotive lighting and laptop (PC) lighting. He later held management positions in Lucent Microelectronics and Agere Systems. Mintzer is the holder of several clean energy patents and holds a BS and MS in Physics from California State University.

Del Allison has over 30 years of high tech sales and marketing experience in large public and mid-cap companies in both domestic and international settings. Prior to joining ViZn, Allison held executive level sales positions at renewable energy and semiconductor companies including SolarBridge Technologies, Achronix Semiconductor and PureEnergy Solutions. During his career, Allison has also held board positions at TransSwitch Asia, Reflex Photonics, IntroInc, GetTheJob, and US Athletic Trust. Allison is a U.S. Airforce veteran and a frequent guest speaker on engineering and clean energy topics.

ViZn Energy Systems Earns Top Honors from Frost & Sullivan

ViZn has exhibited impressive tenacity in designing a first-of-its-kind solution in the energy storage market and breaking the stranglehold of acid-based flow batteries

MOUNTAIN VIEW, Calif. — Sept 4, 2014 — Based on its recent analysis of the energy storage market, Frost & Sullivan recognizes ViZn Energy with the 2014 North America Frost & Sullivan Entrepreneurial Company of the Year Award. Acknowledging the growing demand for an efficient, safe, and reliable energy storage battery in the renewable energy space, ViZn developed the world’s first cost-effective, alkaline-based flow battery. Its patented technology ensures the optimum storage of energy and guarantees a lifespan of more than 20 years. The battery’s high scalability to hundreds of megawatts; use of abundantly available non-toxic, nonflammable, and low-cost materials such as zinc and iron; and compliance with environmental regulations places ViZn at the forefront of technological innovation.

ViZn has leveraged years of R&D expertise in designing the Z20 160-kWh Zinc Redox Flow Battery that enables efficient energy storage for the fast-growing micro-grid market. The battery has been designed with a water-based, two-phase flow system that consists of a zinc electrode and an iron redox counter electrode. This advanced electrode pair design aids steady and safe operation, thereby lowering operational risks.

ViZn’s Z20 is efficient in renewable firming and power regulation. The technology is designed to withstand frequent temperature fluctuations and facilitates multiple discharge cycles per day, enabling the micro-grid to satisfy energy requirements during peak demands in the mornings and evenings. It claims an ability to supply 10,000 cycles throughout its lifespan.

“Impressively, the Z20 has a distinct capability to de-energize the battery in as fast as 15 seconds in the event of a disaster,” said Frost & Sullivan Research Manager Vishal Sapru. “Additionally, the innovative battery stack design has been able to overcome shunt issues that have been hindering the smooth operation of flow batteries for years.”

Apart from designing innovative solutions, ViZn has demonstrated a keen desire to provide customers with unparalleled service experience, so much so that it treats its customers as partners and provides them with solutions that positively impact their bottom line.

To provide customers with a turnkey experience, each battery cell has an internal feedback loop that is IP addressed. This allows the company’s service center personnel and design engineering staff to assist them when troubleshooting, without affecting their smooth operations, and minimizing wait times. This unique capability also makes it possible to forecast the customer’s energy requirements.

The Z20’s initial cost per kWh is comparatively lower than that offered by other systems. This strategy of developing a product that ensures environmental safety while keeping the price low has given the company a clear advantage in the market.

Furthermore, the company has demonstrated great vision in investing in R&D and outsourcing the manufacturing to experts in the field. This asset-light model cuts down costs while ensuring enhanced product value. ViZn also entered into partnerships with logistic companies to guarantee swift and efficient service.

In addition to providing a reliable solution backed by efficient service, the company is focusing on strong market penetration to increase its customer base. The company is planning to establish footprints in Germany, Hawaii and India to address their growing demand for renewables.

“Recognizing the role played by the Z20 in ensuring ViZn’s success in the energy storage domain, the company secured a patent for it to strengthen its market position,” noted Sapru. “Its expertise in designing an exciting, all-encompassing, yet low-cost solution while ensuring unparalleled customer experience has set ViZn up for greater growth in the future.”

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

Frost & Sullivan recognized ViZn Energy Systems with Entrepreneurial Company of the Year Award for Energy Storage

Columbia Falls, MT – Aug 19, 2014 – Today ViZn Energy Systems, Inc., a pioneer in large-scale energy storage technology, announces it has been selected as a recipient of Frost & Sullivan’s Entrepreneurial Company of the Year Award in the Energy Storage Industry category for 2014. 

“The growing concern over environmentally friendly solutions has contributed significantly to the increasing demand for green technologies, fueling the need for renewable energy,” said Vishal Sapru, Research Manager at Frost & Sullivan.  “Solutions like ViZn Energy Systems that are efficient, cost-effective, and proficient in optimum energy storage with minimal energy loss are quite essential.”

After a team of Frost & Sullivan analysts and industry experts evaluated the top energy storage companies, ViZn was found to be superior in two critical areas: Customer Value Excellence and Entrepreneurial Spirit. “We were searching for companies that not only had a vision for a high-quality customer experience, but used those insights to achieve growth above the industry average,” added Sapru. “For this reason, we have evaluated ViZn Energy Systems as potentially being a strong competitor in the high-growth energy storage industry.”

ViZn’s Zinc Redox Flow Battery is one of the most cost-effective, scalable and safe energy flow batteries on the market. With systems already in the field for testing, ViZn’s patented technology is positioned to break the cost/benefit threshold that has limited widespread adoption.

“We are honored to be singled out for our product value and strong entrepreneurial spirit that set us apart in the storage segment,” said Ron Van Dell, CEO of ViZn Energy Systems. “We’d like to thank Frost & Sullivan for this award and for recognizing the visionary leadership and best-in-class influence ViZn Energy will have on our industry and the environment.”

ViZn Energy Systems Wins Intersolar Europe’s 2014 Electrical Energy Storage Award

World’s Largest Exhibition for Solar Industry Recognizes ViZn for Innovative Z20 Energy Storage System

 Columbia Falls, MT – June 9, 2014 – Today ViZn Energy Systems, Inc., a pioneer in large-scale energy storage technology, announces it has been selected as a winner of the 2014 Intersolar Europe Electrical Energy Storage (ees) Award for their Z20 energy storage system.

3,500 companies from all international Intersolar exhibitions and the electrical energy storage (ees) exhibition were invited to participate in the 2014 awards which were presented live on June 6, 2014 at Intersolar Europe in Munich. Making its official debut this year, the ees Award honors outstanding products and solutions in the fields of materials, production, systems technology, applications, second-use concepts and recycling. Judges select the recipients based on the degree of technological innovation, economic viability and benefit their solutions bring to the industry and environment.

ViZn’s Zinc Redox Flow Battery is one of the most cost-effective, scalable and safe energy flow batteries on the market. Energy storage is now one of the greatest challenges faced by the energy transition. With systems already in the field for testing, ViZn’s patented technology is positioned to break the cost/benefit threshold that has limited widespread adoption.

“The jury was impressed by the well-designed, ecological prototypes, which avoid the use of dangerous substances in storage systems,” said the judges in an official statement. “The use of cost-efficient raw materials translates to the potential for considerable cost reductions, particularly in comparison with today’s vanadium redox-flow technology – another reason why the product was honored with the ees AWARD.”

“After years of research, adaptation and testing, ViZn’s technology is ready to make the energy market more efficient for microgrids,” said Ron Van Dell, CEO of ViZn Energy Systems. “We’d like to thank the Intersolar committee and jury for this award and for recognizing a product that will have a positive impact on our industry and the environment.”