by Staff Writers
Adelaide, Australia (SPX) Jul 18, 2012
Energy storage company Greensmith Energy Management Systems and South-Australian solar developer ZEN Energy Systems signed a formal partnership agreement earlier this month. In the agreement, Greensmith will provide software licenses for its Battery Operating System to ZEN, who will market and deliver a line of energy storage products in Australia.
Energy Storage Software News
These applications include a wide variety of functions for customers on both sides of the meter; for instance frequency regulation for utility customers, and cost optimization around on-peak and off-peak periods for behind-the-meter customers. ZEN will also use Greensmith's proprietary Battery Management System to ensure optimal management of each electron.
ZEN will market the products, manage the supply chain of batteries and inverters, and deliver the final products to its local customers in Australia.
Greensmith has previously provided turn-key systems in conjunction with solar projects. The company recently released a case study about their project with leading CPV developer Amonix. Greensmith continues to take orders for turn-key systems outside of Australia, but over time will focus primarily on the computing side of the business, with future revenues coming primarily from software licenses.
The Big Data Opportunity
Through the online user portal, customers with multiple units will tap into centralized fleet management, a timely offering for utility customers with a mounting interest in asset management systems.
Pioneering a Path to Market
Commenting on the new partnership, Greensmith CEO John Jung said: "We are pleased to see this agreement finalized. ZEN has the marketing and supply-chain expertise to make this agreement work, and we are already seeing the first orders come in from ZEN's initial outreach activities."
ZEN Energy Systems
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