ViZn’s New 20 Year Warranty and 95% Power Guarantee Sets the Bar for Stationary Energy Storage

AUSTIN, Texas – October 4, 2016 – ViZn Energy Systems Inc. (ViZn), a leading provider of non-toxic flow battery energy storage systems, announced today that it is offering an optional 95 percent power guarantee on their large scale energy storage systems for up to 20 years. This guarantee will be available to supplement ViZn’s best-in-class comprehensive warranty which is offered in multiple durations up to 20 years, twice the industry average. The guarantee is straightforward, simple, and is independent of battery duty cycle or energy throughput.

“Lithium-ion battery life and their constrictively weak warranties have been one of the limiting factors for the widespread adoption of energy storage,” said Ron Van Dell, CEO of ViZn Energy Systems. “Our flow batteries have been thoroughly evaluated by Black and Veatch for longevity and performance over a long system life. The system’s long term warranty and ability to deliver 95 percent of the rated power for 20 years will give utilities, developers, and banks confidence that their energy storage is engineered to last as long as the infrastructure or generation system it is typically coupled with. We hope to bring simplicity and consistency to a space that has been riddled with partial-coverage warranties.”

ViZn’s unprecedented guarantee is made possible because, unlike lithium-ion batteries, their flow batteries avoid traditional wear out mechanisms that can degrade battery power and capacity over time. Contrast this with other stationary storage systems that are frequently oversized up to 40 percent to account for anticipated power losses and have life-limiting dependencies on temperature, discharge power, and cycle count. In economic terms, developers, installers, and integrators can count on a ViZn Energy stationary storage system to provide unmatched ROI as it delivers high power services and high energy capacity for the life of their system. There is no longer a need to account for added costs such as cell replacement, out-of-coverage O&M, and reduced performance like with a typical lithium-ion system.

ViZn’s flow batteries are manufactured by Jabil’s ISO 9001-certified production team in Florida and the technology utilizes a non-toxic, low-cost zinc and iron chemistry that makes sighting and permitting relatively painless. Unlike lithium-ion systems, ViZn’s versatile flow batteries are capable of performing both high-power and long-duration applications, which allows end users to incorporate multiple value

streams and realize more favorable ROI than other energy storage technologies. 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.

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.

ViZn Energy Systems Receives Industry-Wide Recognition from Leading Energy and Business Publications

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.