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Gold/Mining/Energy : Precious and Base Metal Investing

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To: E. Charters who wrote (18767)	8/31/2003 3:48:26 AM
From: Proud Deplorable	Read Replies (1) of 39344

<<What is the attraction? Are they getting a contract from Con Ed to supply all their switching systems and there is only 5 million shares out? EC<:-};;>> Tim Hennesey said in his announcement as CEO of VRB, "There are a few times when new technologies appear which have the potential to cause paradigm shifts. I believe that the VRB energy storage system is one of these technologies. Storing multiple megawatt hours of energy highly efficiently and in a distributed fashion provides the ideal way to enhance grid reliability, and generate improved return on assets for all utilities. The impact of events such as the blackout of the 15th August 2003 could have been reduced with proper placement of energy storage systems in the grid. The use of the VRB system with wind generation and solar power to provide firm capacity will address the major complaint that utilities have about these renewable resources. By integrating the VRB energy storage system with diesel generators used in many remote installations we can reduce emissions and contribute to Kyoto accord undertakings. The potential is enormous..and unlike some of the hydrogen based technologies, the VRB energy storage technology does not require wholesale infrastructure change for its application - it complements existing approaches. The market has set the goals - I am excited about the opportunity to aggressively pursue this enormous potential for the Vanadium Redox Battery Energy Storage System. - Timothy Hennessy.

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