税收信贷将使ZBB有能力在其提议建设的位于威斯康辛州东南部的设施中安装一个价值4955万美元的设备。ZBB的此项项目，将生产ZESS、PECC储能产品，这些储能产品将储存位于此设施处的可再生能源发电产生的能量。本周，ZBB将股票出卖给一些私人投资者，获得了230万美元的收入。ZBB和澳大利亚生产商Redflow生产锌溴液流电池。
ZBB Energy Corporation (NYSE AMEX: ZBB) received announcement Friday, January 8, 2010 that the Internal Revenue Service (IRS) has approved ZBB’s application for a $14,685,000 Advanced Energy Manufacturing tax credit under section 48C of the InternalRevenue Code, and as authorized under the American Reinvestment and Recovery Act.
The tax credit will enable ZBB to install $49.55 million worth of equipment in a facility ZBB has proposed to construct in Southeastern Wisconsin. When ZBB proceeds with this project, it will manufacture its ZESS and PECC energy storage products that store energy from renewable power sources at the facility.The tax credit can be utilized by ZBB or by a successor in interest to ZBB that enters into an agreement with the IRS, including a business that constructs the proposed facility and manufactures the qualifying advanced energy storage systems. Following installation of the qualifying equipment, which must occur within approximately four years of Friday’s announcement, ZBB or the entity holding the tax credit benefit may carry the tax credit forward for twenty years to offset otherwise taxable revenue.
ZBB designs and builds modular, integrated power storage systems at its Menomonee Falls, Wisconsin facility for use in commercial, industrial, utility and off-grid applications, including supporting the transmission of intermittent sources of renewable energy. ZBB’s ZESS and PECC Power Storage Products improve the efficiency of intermittent renewable energy systems by uniquely combining generation with storage and demand side management (smart-grid) and off-peak recharge for cost-effective energy management.
About ZBB Energy Corporation
ZBB Energy Corporation (NYSE AMEX: ZBB) provides distributed intelligent power management platforms that directly integratemultiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storagetechnology. This platform solves a wide range of electrical system challenges in global markets for various types of sites with utility,governmental, commercial, industrial and residential end customers. A developer and manufacturer of its modular, scalable andenvironmentally friendly power systems ("ZESS POWR™"), ZBB Energy was founded in 1998 and is headquartered in Wisconsin withoffices also located in Perth, Western Australia.
Safe Harbor
Except for the historical information contained herein, the matters set forth in this press release, including statements relating to ZBB’s growth, are forward-looking statements within the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including historicalvolatility and low trading volume of our stock, the risks and uncertainties inherent in the early stages of growth companies, thecompany’s need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company’s most recent filings with the Securities and Exchange Commission. These forward-looking 2 statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward looking statements.