Enables Energy Optimization with Demand Charge Reduction,
Utility Back-Up Power, and Dynamic EV Fast Charging
EnerSys (NYSE: ENS), the global leader in stored energy
solutions for industrial applications, today announced that
Landmark Dividend LLC (“Landmark”), a global leader in the
acquisition, development, and management of real estate and digital
infrastructure, has placed an order for 50 units of EnerSys’s
proprietary and revolutionary energy storage and management systems
which enables energy optimization through various applications
including demand charge reduction, utility back-up power, and
dynamic fast charging for electric vehicles (EVs).
EnerSys’s unique Fast Charge and Storage (FC&S) solution,
provides energy management capability to enable customers to
optimize their energy consumption by proactively managing energy
demand to eliminate short-term peaks, taking pressure off the
electrical grid, and reducing peak rate electricity surcharges. In
addition, the system is controlled by sophisticated software,
ensuring that it operates efficiently and allowing remote
monitoring of its performance and reliability.
EnerSys’s dynamic fast charging application converts AC power to
DC, which allows the EV charger to interact directly with the
vehicle’s battery system, charging it quickly and efficiently. The
system, known as a Level 3 charger, provides over 150kW of power
per pedestal with four pedestals per system. The system’s
attractive design and compact footprint make it ideal for
installation in retail parking lots, where consumers can recharge
their vehicles while shopping. EnerSys is delivering the only
system combining energy management with 1.2MWh of energy storage
capacity and dynamic DC fast charging with parallel charging
capabilities from a single pedestal.
“We are tremendously excited to work with Landmark as our launch
customer on this truly groundbreaking technology,” said EnerSys
President & CEO, David M. Shaffer. “EnerSys’s energy management
system combined with fast charge and storage technology is an
example of our industry-leading innovation and our ability to
deliver differentiated solutions which solve critical energy
management challenges. We are very proud to be leaders in advancing
sustainability and electrification globally.”
“This important order demonstrates our consistent execution on
our growth strategy and is just the beginning of the full
commercialization of FC&S which we previewed during our recent
investor day. We are well-positioned to benefit from an enormous
market opportunity as the need for energy optimization increases
and access to resilient and reliable power is critical to enable
the growing demand for public DC fast charging stations.”
“This innovative energy storage and management technology is an
ideal solution for both our commercial property owners and electric
vehicle owners,” said Tim Brazy, Chief Executive Officer of
Landmark Dividend. “EnerSys provides a complete system enabling
property owners to optimize their energy use and reduce electricity
costs while offering dynamic EV fast charging in a small footprint.
We are very pleased to work with EnerSys to provide the most
sustainable, efficient solutions for our landlord partners, EV
charging customers, and the communities in which we operate.”
Landmark has been collaborating with EnerSys as its initial
launch customer throughout the design and development phase of this
innovative solution. Landmark placed the order for 50 units, with
an initial tranche of 15 units to be installed at 15 distinct sites
by mid-year 2024. This order includes all components of EnerSys’s
innovative end-to-end solution, consisting of a battery energy
storage system, a power conversion system, dynamic DC fast charging
pedestals, and software.
Caution Concerning Forward-Looking Statements
This press release and oral statements made regarding the
subjects of this release, contains forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995, or the Reform Act, which may include, but are not limited
to, statements regarding EnerSys' earnings estimates, plans,
objectives, expectations, intentions and value of business with
Landmark Dividend LLC, including completion of the orders discussed
during the time periods identified, and other statements contained
in this press release that are not historical facts, including
statements identified by words such as "believe," "plan," "seek,"
"expect," "intend," "estimate," "anticipate," "will," and similar
expressions. All statements addressing operating performance,
events, or developments that EnerSys expects or anticipates will
occur in the future, including statements relating to sales growth,
earnings or earnings per share growth, benefits contemplated by the
relationship with Landmark Dividend LLC and FC&S solutions
generally and market share, as well as statements expressing
optimism or pessimism about future operating results, are
forward-looking statements within the meaning of the Reform Act.
The forward-looking statements are based on management's current
views and assumptions regarding future events and operating
performance, and are inherently subject to significant business,
economic, and competitive uncertainties and contingencies,
satisfying conditions and obligations contained in contracts and
changes in circumstances, many of which are beyond EnerSys'
control. The statements in this press release are made as of the
date of this press release, even if subsequently made available by
EnerSys on its website or otherwise. EnerSys does not undertake any
obligation to update or revise these statements to reflect events
or circumstances occurring after the date of this press
release.
Although EnerSys does not make forward-looking statements unless
it believes it has a reasonable basis for doing so, EnerSys cannot
guarantee their accuracy. The foregoing factors, among others,
could cause actual results to differ materially from those
described in these forward-looking statements. For a list of other
factors which could affect EnerSys' results, including earnings
estimates, see EnerSys' filings with the Securities and Exchange
Commission, "Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations," including
"Forward-Looking Statements," set forth in EnerSys' Annual Report
on Form 10-K for the fiscal year ended March 31, 2023. No undue
reliance should be placed on any forward-looking statements.
About EnerSys
EnerSys, the global leader in stored energy solutions for
industrial applications, designs, manufactures and distributes
energy systems solutions and motive power batteries, specialty
batteries, battery chargers, power equipment, battery accessories
and outdoor equipment enclosure solutions to customers worldwide.
The company goes to market through four lines of business: Energy
Systems, Motive Power, Specialty and New Ventures. Energy Systems,
which combine power conversion, power distribution, energy storage,
and enclosures, are used in the telecommunication, broadband and
utility industries, uninterruptible power supplies, and numerous
applications requiring stored energy solutions. Motive power
batteries and chargers are utilized in electric forklift trucks and
other industrial electric powered vehicles. Specialty batteries are
used in aerospace and defense applications, large over-the-road
trucks, premium automotive, medical and security systems
applications. New Ventures provides energy storage and management
systems for various applications including demand charge reduction,
utility back-up power, and dynamic fast charging for electric
vehicles. EnerSys also provides aftermarket and customer support
services to its customers in over 100 countries through its sales
and manufacturing locations around the world. More information
regarding EnerSys can be found at www.enersys.com.
Sustainability
Sustainability at EnerSys is about more than just the benefits
and impacts of our products. Our commitment to sustainability
encompasses many important environmental, social and governance
issues. Sustainability is a fundamental part of how we manage our
own operations. Minimizing our environmental footprint is a
priority. Sustainability is our commitment to our employees, our
customers and the communities we serve. Our products facilitate
positive environmental, social and economic impacts around the
world. To learn more visit:
https://www.enersys.com/en/aboutus/sustainability/.
About Landmark Dividend LLC
Landmark Dividend LLC is a real estate and infrastructure
acquisition and development company focusing on the digital
infrastructure, wireless communication, outdoor advertising, EV
charging, energy storage and renewable power generation industries.
Landmark Dividend currently manages over 5,000 assets. For more
information, visit: www.landmarkdividend.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231107108655/en/
Lisa Hartman Investor Relations and Financial Media EnerSys
610-236-4040 E-mail: investorrelations@enersys.com
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