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Technology Stocks : Vanteck (vrb-cdnx, vttcf)

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To: gg cox who wrote (128)9/16/2004 11:03:49 PM
From: gg cox  Read Replies (1) of 413
 
VRB POWER & NORAM ENGINEERING SIGN TECHNOLOGY DEVELOPMENT AGREEMENT
VRB Power strikes long-range deal with Noram

"Noram is a world-class, specialized, chemical-process development company with extensive experience in the design, manufacture and integration of electrochemical systems," states Tim Hennessy, chief executive officer of VRB Power. "We share a similar appreciation for the potential of energy storage. The team of engineers and scientists we have assembled is providing us with significant advances in the VRB cell stack and system designs."

noram-eng.com

Energy from renewable sources

"One of the most unyielding obstacles to wide-scale use of wind, solar and other intermittent energy forms is that of energy storage. Fuel cells will herald distributed power networks, that allow not only energy storage, but uninterrupted power supply, peak shaving, and energy trading on a micro level. But NORAM is also working with the advantages offered by technologies such as flow batteries - that provide the means to store energy chemically on a large scale and defer expanded transmission and distribution systems in the near term. And when it comes to providing the engineering required to match these power supplies to the utility interface, and putting the sophisticated control algorithms in place, NORAM’s in-house capability in power engineering offers a key resource."

noram-eng.com

Flow Battery Energy Storage

"NORAM has worked with several flow battery suppliers to help package the technology into energy storage solutions. In particular, NORAM has leveraged its electrochemical experience in the areas of electrolyte management, control of shunt currents and power electronics. NORAM’s interest is mainly in the integration of large scale flow batteries and stationary fuel cell plants of 50MW and above, that can offer bulk energy storage, peak shaving, transmission and distribution capital deferral, renewable capacity firming and energy arbitrage."

stockhouse.com
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