ZBB Energy completes deal with Chinese company, names new CEO

Freeman Staff

July 14, 2015

MENOMONEE FALLS — ZBB Energy Corporation announced Tuesday that it completed its deal with Solar Power, Inc. and that and Bradley Hansen has been appointed to the position of CEO and president of ZBB Energy.

ZBB Energy Corporation, a leading developer of innovative energy management systems solutions serving the utility, commercial and industrial building markets, previously announced April 17 that it had entered a global strategic partnership with Solar Power. The supply agreement requires ZBB Energy to deliver energy storage systems with total combined power output of 40 megawatts during a period of four years. The value of this initial supply agreement is estimated at $80 million to $120 million, depending on the mix of storage applications and installation requirements.

In addition, ZBB Energy announced changes to its management team and board of directors. Eric Apfelbach will become the vice chairman of the board. Hansen joined ZBB Energy in May 2014 in the position of president and chief operating officer.

“After a year of working closely with Brad and seeing his leadership abilities first hand, the board is very confident about the future of the company under Brad’s leadership,” said Paul Koeppe, chairman of the board, in a statement. “His technical and organizational competency are essential as we build a global systems business.”

Also, the board appointed Hoong Khoeng Cheong to ZBB’s Board of Directors. Cheong is currently the chief operating officer of Solar Power Inc.