SAN DIEGO (October 7, 2016) – Sunverge Energy, a leading provider of intelligent energy storage systems for residences and small businesses, today announced its utility partner PowerStream was recognized with the 2016 ESNA Innovation Award for Distributed Storage for its Power.House project. The 20-home pilot, with a rated capacity of 233.40 kWh, represents the first operational Virtual Power Plant in Canada.

Each of the homes is equipped with a Sunverge intelligent energy storage system, connected to rooftop PV to capture excess power. Using Sunverge’s cloud-based control software, PowerStream can aggregate all 20 storage units into a VPP that acts like a single, centralized generation facility to supply power to the grid at peak times.

“We are proud to have been so deeply involved with PowerStream on this award-winning project,” said Ken Munson, Co-founder and CEO of Sunverge Energy. “With the Power.House project, PowerStream has not only demonstrated its innovative thinking, but it has begun to build the grid of the future, one where storage and cloud-based intelligence play a central role.”

The award was made here at the annual Energy Storage North America conference. The project, which operates in Vaughn, Ontario, received a record number of votes from conference attendees, who include top executives from utilities, distributed energy companies, and others in the industry, as well as regulators and policy makers from across the continent.

In addition to the Power.House award, PowerStream VP of Corporate Development Neetika Sathe was recognized for being a utility industry pioneer.

“Partnering with utilities like PowerStream gives Sunverge the opportunity to work with forward-looking executives like Neetika, people who are leading change in the utility industry,” Munson said.

About PowerStream

PowerStream, a community-owned energy company providing power and related services to more than 380,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. Learn more at www.powerstream.ca.

About Sunverge Energy

San Francisco and Brisbane, Australia-based Sunverge Energy allows homeowners efficient management of their own renewable energy generation and helps utilities, retailers and solar power providers manage those renewable power sources and aggregate them into Virtual Power Plants across neighborhoods, communities and entire service areas — reliably, effectively and intelligently. Founded in 2009, the company makes the Sunverge Solar Integration System (SIS), a distributed energy storage and management appliance comprised of 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 AGL, the Australian Renewable Energy Agency (ARENA), Kokam, MITSUI & Co., Siemens Venture Capital, Softbank China Venture Capital (SBCVC), Total Energy Ventures International and VisIR. For more information, please visit www.sunverge.com.