Sustainable Energy | Sustainable Energy Releases World Class Proprietary “AC Battery” Technology For The Growing Energy Storage Market
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Sustainable Energy | Sustainable Energy Releases World Class Proprietary “AC Battery” Technology For The Growing Energy Storage Market

CALGARY, ALBERTA–(Marketwire – Sept. 27, 2012) – Sustainable Energy Technologies Ltd ( STG.V ) (“Sustainable Energy” or the “Company”), a designer and manufacturer of intelligent power inverters for a wide range of distributed generation and storage technologies, has successfully begun marketing its world-class proprietary AC battery technology to energy storage integrators in Europe.

Initial market feedback confirms that Sustainable Energy’s low voltage pulsed step technology guarantees at least 5% higher efficiencies for low voltage AC battery systems at much lower costs than any other product on the market.

Sustainable Energy’s AC battery uses the same software configurable power electronics platform as its PARALEX solar inverter, and is easily configured to directly match the output voltages of all the leading lithium-ion and lead-acid batteries in the market.

A key part of Sustainable Energy’s cost and efficiency advantages is the Company’s proprietary bi-directional functionality which allows low voltage battery charging and discharging without the need for additional complex and expensive bi-directional DC/DC conversion devices. The bi-directional functionality gives Sustainable Energy’s patented technology a strong competitive edge over designs being developed solely for high voltage solar inverters. With significant conversion efficiency, manufactured cost, and design simplicity advantages,

Sustainable Energy is poised achieve significant market share in this emerging space.

Based on published industry data, the Company estimates demand for decentralized, grid-tied energy storage in its power ratings at 8.2 GW over the next 4 years, more than 75% of which will be in Japan, Germany, Italy and the United States. At an average of $0.30/watt for storage electronics this represents a $2.4 billion addressable market over 4 years.

“The initial market feedback on our storage inverter has been terrific. Every integrator we met with confirmed that our low voltage inverter is the natural fit for decentralized energy storage and has efficiencies that are higher than any other solution in the market,” said Martin Duerr, Director of Business Development.

Michael Carten, CEO of Sustainable Energy, commented, “It is now all about selecting the right partners to ensure that we take the highest possible share of each of our target markets. We expect to be in a position to announce partnerships by end of this year, and we are targeting revenue growth beginning mid-2013.”

The underlying driver for decentralized energy storage is the increased penetration of solar energy as mainstream generation capacity. According to Photon Consulting (March 2012), by 2016, one third of of new generation capacity globally will be solar PV, up from 19% in 2011. High efficiency energy storage is needed to convert the intermittent solar energy which is inherently non dispatchable into firm power that can be used by the customer or the utility to offset

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