Renewable Energy Storage Innovator Sunverge Energy Expands in Australia, Opens Office in Fortitude Valley to Help Drive Success of Residential Solar

SAN FRANCISCO and FORTITUDE VALLEY, Australia (August 6, 2015) – In response to strong demand for its smart renewable energy storage management system in Australia and New Zealand, California-based Sunverge Energy today announced the opening of a new office in Fortitude Valley, Queensland. The new office represents a further commitment by Sunverge to be a major contributor to the continuing rapid adoption of residential solar and other renewable energy sources across Australasia. “The public and private sectors across Australasia were among the first to recognize the vital importance of incorporating residential solar storage systems as part of an overall plan to reduce homeowners’ power bills and increase the use of clean, solar-generated electricity,” said Sunverge Co-founder and CEO Ken Munson. “Queensland in particular has demonstrated some very progressive approaches when it comes to renewable power, and as a company that has taken a progressive approach to the technologies of storage and management of these customer-sited resources, Sunverge Energy is committed to investing here as well and becoming a stronger partner to local utilities and their customers.” Both Australia and New Zealand are at the forefront of global efforts to shift from traditional sources of energy to green, renewable alternatives. These efforts help to both reduce emissions that create climate change, as well as to create a more economical long-term alternative to fossil fuels. “Renewable energy is key to the future growth and well-being of the people of Queensland, and across Australia, and managing those resources well is key to ensuring utilities can continue to provide a reliable energy network to homes and businesses,” said Hon. Mark Bailey, MP and Minister for Energy and Water Supply in Queensland. “We welcome Sunverge’s renewed commitment to Queensland and the region and look forward to working with them as we continue to create a better energy future for our citizens.” Industry Veteran Martin Symes Appointed To further strengthen Sunverge’ presence in this important market, the company named Martin Symes, a respected veteran of Australia’s energy transformation, to head sales in Australia and New Zealand. Symes, who is based in Melbourne, has worked in the Australian E&U sector since 2003 and has been actively involved with the country’s energy transformation, working with global utilities specialists including Capgemini and Logica/CGI. “Martin brings tremendous energy industry and systems integration expertise at a pivotal moment in the region’s energy transformation,” said Phil Keogan, General Manager of Sunverge Energy Australia and New Zealand. “Martin has a detailed understanding of the challenges and opportunities faced by the energy industry across retail, distribution and generation, and he is passionate about helping bring the benefits of renewable energy storage plus management to consumers, businesses and utilities in Australasia.” Sunverge’s new Australia office is located at Level 8 757 Ann Street, Fortitude Valley, QLD 4006. Contact the office at +61 (0) 7 3667 8804 or Sales-AU@Sunverge.com. As technology, regulation and public demand are changing the nature of utilities, Sunverge has developed intelligent systems that support this dramatic transition. The Sunverge Solar Integration System (SIS) makes it possible for utilities to automatically execute demand response programs on an individual customer level or link them into “Virtual Power Plants” to meet peak energy demand across a community or service area. This technology is key for utilities that want to move rapidly toward delivering energy as a service via a zero-emission grid. About Sunverge Energy San Francisco-based Sunverge Energy was founded in 2009 with the vision of integrating solar, storage and smart management software to maximize value for both electricity consumers and providers. The company makes the Sunverge Solar Integration System (SIS), a distributed energy storage and management appliance comprising powerful storage batteries, power electronics and system-management software running in the cloud. The Sunverge SIS lowers costs, increases energy reliability, strengthens the grid and accelerates the adoption and integration of distributed renewable energy. Investors include Southern Cross Venture Partners, Siemens Venture Capital, Softbank China Venture Capital and Total Energy Ventures International. For more information, please visit www.sunverge.com. MEDIA CONTACTS: Sarah Singleton, Sunverge Energy +1.415.290.8045, ssingleton@sunverge.com