EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, a leading developer of innovative distributed energy resource systems (DERs) and internet of energy (IOE) control platforms for the utility, commercial, industrial and multi-tenant building markets, announces Mr. David Eisenbud as the Managing Director of Sales for the Eastern United States and Canada, and reporting to Rick Whisman, EnSync Energy’s Vice President of Sales.
“David’s expertise within the renewable energy and energy storage markets will be critical to supporting the company’s expansion in North America,” said Brad Hansen. “His deep knowledge of each step in the DERs value chain directly aligns with EnSync Energy’s market strategy, and will support the company’s further success in the North American market.”
Mr. Eisenbud is directly responsible for developing solutions for commercial, industrial, government and selective utility clients seeking fully-integrated products and services associated with DERs and advanced IOE grid-interactive communications and controls. In addition, he will work with policy makers and stakeholders to promote the benefits of smart grid architectures, including integration of direct current (DC) electrical loads with distributed DC power sources, such as solar PV, energy storage and fuel cells.
With more than 20 years of experience in sustainable energy businesses, Mr. Eisenbud’s work spans senior management positions in commercial and utility energy development, as well as project financing at companies such as SunEdison, Solar Grid Storage, and TSMC Solar across the Americas. In 2007, he launched and was general manager of SunPower Canada, a subsidiary of SunPower Corporation dedicated to utility-scale solar power plant development, project acquisition and commercial PV system sales, as well as held various development positions within PowerLight Corporation, a widely recognized pioneer in solar power.
Mr. Eisenbud holds a MBA in Marketing from Fordham University and a BS in Economics (Finance) from Lehigh University.
As an inducement to join the Company, and as part of his compensation package Mr. Eisenbud was issued inducement stock options to purchase a total of 90,000 shares of Company common stock with an exercise price of $0.67 per share, which was the closing price of the Company’s common stock on the NYSE MKT on January 17, 2017. The options will vest and become exercisable in three equal annual installments.
