zbb energy corp (ZBB) Key Developments
ZBB Energy Corporation Announces Advanced Storage Products from ZBB Energy to be featured at SNEC PV Power Expo
Apr 24 15
ZBB Energy Corporation announced its products will be featured at the SNEC Power Expo in Shanghai, China. ZBB's China joint venture company, Meineng Energy, will be located in the exhibit of Solar Power Inc. ("SPI"), a vertically-integrated photovoltaic ("PV") developer. The conference will be held at the Kerry Hotel Pudong, Shanghai from April 28 to 30, 2015. ZBB and SPI recently announced a proposed partnership including a supply agreement and share purchase agreement, targeted at accelerating global solar penetration through the combination of solar distributed generation and energy storage.
ZBB Energy Corporation Secures Energy Management and Storage System Contract for Cayman Islands Commercial Property
Apr 22 15
ZBB Energy Corporation announced the signing of a contract to provide an advanced energy management system for the "off-grid" renewable energy installation in the Cayman Islands. The Cayman Technology Centre (CTC), a 38,000 square foot office and retail complex in George Town, Grand Cayman, owned by NCB Group, will be "self-sustaining", designed to operate independent of the utility grid. The system's integration is composed of ten 50kWh ZBB's EnerStore V3.3 ZnBr flow batteries, a ZBB EnerSection energy management system, a 380kW PV installation and an 800kW diesel generator. Expensive electricity rates and challenged grid energy supply in the Caribbean is expected to significantly expand the market for micro-grid systems in the region, and ZBB believes that the trend towards grid defection and off-grid, self-sustaining commercial projects will continue in the coming years.
ZBB Energy Corp. Announces Intent to Strike Deal with Solar Power Inc
Apr 21 15
ZBB Energy Corp. announced its intent to strike the deal with Solar Power Inc. of Shanghai, China. The arrangement would be a huge step for ZBB, doubling or even tripling its present level of sales, and giving it muscle to compete in a quickly developing worldwide market driven by demand for renewable power.
ZBB Energy Corporation Introduces ZnBr Flow Battery
Mar 12 15
ZBB Energy Corporation announced the introduction of a breakthrough ZnBr flow battery specifically designed for behind the meter energy storage applications in the commercial and industrial building market. The Agile Flow Battery has been engineered based upon ZBB's flow battery design expertise, it's breadth of real world application data derived from dozens of installations, and stringent lab testing at ZBB and Meineng Energy, ZBB's China joint venture company. The Agile Flow Battery enables a large amount of energy to be deployed from a relatively small "footprint" within a building, for applications requiring up to 8 hours of discharged energy. The distributed energy generation market for commercial and industrial buildings is in the early stages of what is predicted to be phenomenal growth. While implementation of solar PV is now common in many regions, the implementation of energy storage into the distributed generation system is in its nascent stage and can enable the owner of the building to perform many more applications that can both reduce electricity expense and generate cash for the stakeholders. Much of the energy storage deployed to date in the C&I building market is limited to short duration power applications, such as PV ramp support, or UPS for data back-up. The Agile Flow Battery opens new pathways to realizing reduced operating costs and actually generating cash for the owner, all while delivering safe, low cost energy in large amounts that can be discharged for hours. The building owner can now utilize the Agile Flow Battery to consume hours' worth of energy stored during low rate time periods for use during high rate time periods, perform peak shaving, store underutilized PV energy for later use, participate in demand response programs with "smart export" of electricity to the utility, and access critical back-up power for elevators or other emergency load requirements in the event of a grid outage.
ZBB Energy Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014
Feb 17 15
ZBB Energy Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenues of USD 300,654 compared to USD 961,456 million a year ago. Loss from operations was USD 3,275,232 compared to USD 2,142,713 a year ago. Loss before benefit for income taxes was USD 3,519,094 compared to USD 2,318,080 a year ago. Net loss was USD 3,519,094 compared to USD 2,289,559 a year ago. Net loss attributable to the company was USD 3,375,586 compared to USD 2,158,969 a year ago. Net loss attributable to the common shareholders was USD 3,446,642 compared to USD 2,233,969 a year ago. Basic and diluted net loss per share was USD 0.09 compared to USD 0.13 a year ago.
For the six months, the company reported total revenues of USD 865,515 compared to USD 2,030,578 million a year ago. Loss from operations was USD 6,667,149 compared to USD 4,708,899 a year ago. Loss before benefit for income taxes was USD 5,760,075 compared to USD 5,052,491 a year ago. Net loss was USD 5,760,075 compared to USD 5,004,242 a year ago. Net loss attributable to the company was USD 6,015,935 compared to USD 4,755,760 a year ago. Net loss attributable to the common shareholders was USD 6,134,800 compared to USD 4,833,259 a year ago. Basic and diluted net loss per share was USD 0.18 compared to USD 0.27 a year ago. Net cash used in operating activities were USD 5,726,427 compared to USD 3,232,985 a year ago. Expenditures for property and equipment were USD 303,280 compared to USD 39,956 a year ago.