Milwaukee Firm Partners With New Age to Supply Energy Storage Systems Starting With Rutgers University Zero Net Energy Visitors Center
MILWAUKEE, Aug. 7 /PRNewswire-FirstCall/ — ZBB Energy Corporation (AMEX:ZBB) announced today that it has entered into a sales distribution agreement with New Age Energy, Inc. of Mount Laurel, NJ and will partner with New Age to initially supply its ZESS 50(TM) regenerative fuel cell for the new Zero Net Energy visitors center at Rutgers University.
New Age Energy, Inc (“NAE”), a technology sales and engineering company, provides affordable, renewable energy sources for industry and government facilities. ZBB Energy Corporation is a developer and manufacturer of distributed energy storage solutions known as Zinc Energy Storage Systems (ZESS).
ZBB Energy Corporation CEO Rob Parry said the partnership was a natural for both companies.
“We’re very excited to be working with New Age,” Parry said. “New Age has a firm understanding of the need for energy storage and for opening key market channels for ZESS products into their zero net energy building systems. New Age also understands the ZESS applications for utility, commercial and institutional integrations and will be focusing on these key market areas.”
In order to achieve zero net energy, which means the facility generates and utilizes its own power, the Rutgers visitors center will use multiple ZESS 50(TM) energy storage systems in order to store energy at the time of generation for later use when those generating sources, such as solar, are not available. Based on ZBB’s proprietary 50 kWh energy storage module the ZESS 50(TM) is a standard product and may also be configured and packaged as a fully customized energy storage system, according to Parry.
“Efficient, effective energy storage is the ‘Holy Grail’ of the electrical industry,” said Michael Betsch, New Age Energy’s CEO. “No matter what kinds of alternative renewable energy sources are developed, they cannot be fully utilized if there’s no way to store the energy they generate for use during peak-demand hours. ZBB’s electrical fuel cell is the answer.” Rutgers University, in its ongoing quest to construct a Green building that uses net zero energy, has hired NAE to incorporate ZBB’s fuel cell as the electrical storage system for its new Visitors Center. “The compact, environmentally friendly, efficient storage of electricity is the future of green renewable technologies and energy security,” says Mike Kornitas, Energy Conservation Manager of Rutgers.
Erwin Bogner, President of New Age predicted that Rutgers University’s visitors center will be a model for future green net-zero buildings. However, he plans to target the bulk of NAE’s marketing efforts towards utility companies and renewable generators, promoting the storage cell either as a stand-alone product or in combination with concentrated solar systems. “I believe that’s the true market for this product going forward,” Bogner said.
About ZBB Energy Corporation
ZBB Energy Corporation develops and manufactures distributed energy storage solutions based on the Company’s proprietary environmentally friendly, zinc rechargeable electrical energy storage technology. The unique modular construction of the Company’s core 50 kWh product enables ZBB’s fuel cell type energy storage system to be sized and packaged as products (ZESS 50(TM), ZESS 500(TM)) as well as a fully customized, large format, energy storage system. This scalable, mobile system is ideally suited for large market applications.
About New Age Energy, Inc.
New Age Energy Inc. is an innovative technology sales and engineering company that provides affordable, renewable energy solutions for industry and government facilities. By integrating renewable energy sources with a high-capacity energy storage system and a customizable energy management system, New Age Energy has the potential to provide its clients with up to 100 percent of their renewable energy needs.
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Source: ZBB Energy Corporation
