Black & Veatch Completes an Independent Assessment of ViZn Energy’s Z20 and GS200 Redox Flow Energy Storage Systems

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 Energy Bolsters Board of Directors and Advisory Board

AUSTIN, Texas – May 18, 2016 – ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for C&I, microgrid and utility applications, announced today that Kent Williams will join the company’s board of directors and that Joshua Bar-Lev (former Vice President, Regulatory Affairs at Bright Source Energy) has been appointed to ViZn’s advisory board. Amongst these talents Williams and Bar-Lev have over 80 years of successful leadership roles and strategic business experience in the energy industry.

“Kent and Joshua are both true heavy-hitters in the business world and each possesses impressive energy industry experience,” said ViZn CEO Ron Van Dell. “Kent brings a wealth of alternative energy knowledge and access to capital markets while Joshua is an expert on negotiating policy surrounding industry regulation and is a true champion for renewable energy. We’re privileged to have them as part of the ViZn family and pleased that they recognize the vast potential of our safe and versatile battery technology.”

Bar-Lev was the vice president of regulatory affairs for BrightSource Energy (builder of utility-scale solar power plants) from its startup in 2004 until he retired in May 2011. He was responsible for government relations, regulatory policy and permitting for BrightSource and was on their executive management committee. Previously, he was chief counsel at the Pacific Gas & Electric Company where he was responsible for legal activities related to the Company’s gas supply, electric transmission, gas transmission, and generation business unit. Bar-Lev is also a founder and former chairman of the Coalition for Energy Efficiency and Renewable Technology – a group of California environmental organizations, conservation, and renewable energy companies that are active at both the California Public Utilities Commission (CPUC) and state legislature.

“The team at ViZn is currently building the largest flow battery in North America and it is just the beginning of something very large and impactful,” said Bar-Lev.

Williams is a strategic advisor to several alternative energy companies focused on plug-in electric vehicle (PHEV) drive trains and new battery technologies. He assists automotive companies who are commercializing highly efficient and environmentally friendly powertrain technologies for light and heavy duty trucks, buses, vans and SUVs. He also advises battery companies commercializing innovative material science technologies for consumer and industrial applications. He has more than 40 years of experience in the capital markets, including positions with U.S. Trust, Wood Island Associates, and Merrill Lynch.

“ViZn’s technology is poised to drive highly differentiated solutions to challenges facing both the grid and electricity end users,” said Williams. “The product and the team are truly impressive.”

ViZn’s zinc-iron flow battery is the only flow battery on the market with a non-toxic, non-flammable, non-explosive alkaline chemistry that is safe to deploy. Its chemical components are globally abundant and inexpensive. ViZn’s flow battery can perform both high-power and long-duration applications to enable multiple revenue streams and, with zero cell replacements over a 20-year operating life, it provides favorable ROIs for utilities and C&I customers.