VRB Power announces sale of 120 kWh system to Riso National Laboratory in Denmark
VANCOUVER, June 6 - VRB Power Systems Inc. (TSX-V: VRB) announces
the sale of a 15kW x 8hr (120kWh) VRB-ESS(TM) to Riso National Laboratory in
Denmark ("Riso"). Riso conducts research on new technologies that can create
opportunities for Danish Society in general and Danish industry specifically.
Riso has a strong focus on technologies which have a positive environmental
impact as well as technologies related to energy generation.
In a project supported by Energinet.dk, the Danish Transmission System
Operator, this system will be evaluated by Riso and the project partners PA
Energy A/S and OI-electric A/S for use in a number of applications, both
grid-connected and grid-independent, which utilize wind as the primary
generation source. Riso will evaluate this system on behalf of a number of the
key participants in the Danish wind industry and VRB Power anticipates
significant interest in its products from this evaluation.
Approximately 20% of current Danish electricity consumption is from wind
power, the highest percentage of any country in the world, and the Danish
Government has stated that it wants to increase this to 35%. VRB Power
believes that there are significant opportunities for its products in
renewable markets in Denmark and across Europe.
"We are pleased that Riso will be undertaking a high profile assessment
of our technology," stated Tim Hennessy, President and CEO of VRB Power.
"Denmark enjoys a very strong wind regime and it is impressive to see such
strong utilisation of this truly sustainable resource. However, we believe
that our technology will help alleviate issues of intermittency and
curtailment which will arise with such a high penetration of wind generation.
The ability of our systems to store electricity at all times, whether peak or
"off peak", and to release this electricity when needed most, also enables
full value to be realised for all wind generated electricity."
"We see the VRB-ESS as one of the technologies with a potential of being
the glue that binds together a power system with a high penetration of wind
energy and distributed generation. We are looking forward to testing a unit in
our SYSLAB - a distributed energy system test facility - and characterising
the unit for use in a Danish context," stated Henrik Bindner, Senior Scientist
and project manager of Riso.
About Riso
Riso (www.risoe.dk) is a national laboratory in Denmark under the
Ministry of Science, Technology and Innovation.
Riso carries out research in science and technology, providing Danish
society with new opportunities for technological development. This research
creates new opportunities for Danish industry. It contributes to the
development of environmentally acceptable methods for agricultural and
industrial production as well as for the generation of the energy necessary
for modern society.
Riso's Wind Energy Department aims to meet the need for new knowledge in
wind energy. The overall objectives of the research of the department are:
- to develop new opportunities and technology for the exploitation
of wind energy;
- to advance the competitiveness of wind energy;
- to further the global application of wind energy; and
- to advance the basic atmospheric physics which is used to
calculate the effect of the wind on major constructions and
buildings.
Riso's research is carried out in co-operation with industry and other
end-users on a national, European and international basis and in close
collaboration or alliances with national and foreign universities, research
institutions, and organisations.
Riso's scientific expertise is advanced through field tests, laboratory
tests and numerical modeling. The Wind Energy Department works within
strategic and applied research in most themes of wind power meteorology, wind
turbine technology, and applications of wind energy,
About VRB Power
Headquartered in Vancouver, Canada, VRB Power Systems Inc. is an energy
storage technology developer which is marketing, selling and manufacturing
products utilizing the patented VRB Energy Storage System ("VRB-ESS(TM)"). The
VRB-ESS can economically store and supply large amounts of electricity on
demand and is focused on stationary applications. It is a long life, cost
effective, low maintenance, efficient technology that allows for the
scalability of power and storage capacity independently. The VRB-ESS is
particularly beneficial to renewable energy providers, utilities and end users
through its ability to "inventory" electricity, allowing for the optimal match
of supply and demand.
The VRB-ESS is well suited for a variety of applications. Enabling the
provision of "firm" capacity from intermittent renewable generation such as
wind and solar; more cost effective and efficient generation of electricity in
remote areas; capital deferral for utilities; and load levelling (peak
shaving) applications. The VRB-ESS is also capable of providing backup power
solutions including applications for utility sub-stations and
telecommunication sites. As a "green" technology, the VRB-ESS is characterized
by having a low ecological impact and is unlike most other conventional energy
storage systems that rely on toxic substances such as lead or cadmium.
Caution regarding forward-looking statements: VRB Power's press releases
may contain forward-looking statements. These statements are based on
management's current expectations and beliefs which are subject to a number of
known and unknown risks and uncertainties (including, but not limited to, the
risk factors described in VRB Power's Annual Information Form filed with the
British Columbia Securities Commission and available at www.sedar.com) that
could cause actual results to differ materially from those expressed or
implied in our forward-looking statements. The Company does not assume any
obligation to update any forward-looking statements contained in this press
release. |
