gg,
My fault, I guess. I clicked on the url at the end without reading your posted text and found the story about the deal back in Sept. of 2005. However, VRB just came out with what may be a follow up to the 9/05 Australian deal:
VRB Power makes sale in Australia for power supply
VRB Power Systems Inc (TSX-V:VRB)
Shares Issued 107,458,158
Last Close 2/23/2006 $0.55
Thursday February 23 2006 - News Release
Mr. Simon Clarke reports
VRB POWER MAKES FURTHER SALE THROUGH ITS AUSTRALIAN DISTRIBUTOR FOR RENEWABLE
REMOTE AREA APPLICATION
VRB Power Systems Inc. has sold of a 10-kilowatt-hour VRB energy storage
system through its Australian distributor, Pinnacle VRB Ltd., as part of an
offgrid remote area power supply (RAPS) system for a 30-hectare rural
property southwest of Hobart in Tasmania. This RAPS system will comprise a
combination of solar photovoltaic panels with a spring water-fed, microhydro
turbine as complementary renewable energy sources that will be coupled to the
VRB ESS.
John Clark, the owner of the property, said, "I was looking for a reliable,
long-life energy storage system that could best overcome the obvious
deficiencies of lead acid batteries, exploit the multiple renewable energy
resources available on our property and be easily expanded in line with our
future plans."
"Dollar for dollar, we found it readily apparent that the VRB ESS provides a
much higher usable storage capacity and longer life than lead acid systems
and is much more tolerant of wide variations in operating conditions. The
high efficiency of the energy storage system means that much more of the
power generated by our microhydro turbine and solar panels becomes available
to us as green energy," concluded Mr. Clark.
Colin Andrews, executive director of Pinnacle, said: "It is good to see
system designers beginning to fully appreciate the economic and environmental
advantages of the VRB ESS. The VRB system provides independently scalable
power and energy storage capacity features and we are now able to offer one
of the best and most economic energy storage solutions available to the RAPS
system market in Australia."
"This sale has seen the VRB ESS receive formal recognition as a component of
a renewable generation scheme which is eligible for the federal government's
renewable remote power generation program. The sale, therefore, confirms the
arrival of the 10-kilowatt VRB system as a viable energy storage solution for
domestic and small business consumers, and will encourage other clients to
use the VRB systems in their energy generation programmes," concluded Mr.
Andrews.
Vince Sorace, president of VRB Power, said: "This sale demonstrates that
Australia is evolving as a key market for VRB Power. Renewable energy is
becoming more and more prevalent and federal and local governments are
supporting its adoption. It is also very encouraging to see that the system
at King Island has been successful in demonstrating the benefits of the VRB
technology and in seeding the local market. We have a very strong
relationship with Pinnacle and we anticipate additional orders for both
renewable and remote area applications."
2006 Canjex Publishing Ltd.
Larry |
