Pinnacle VRB to Receive Australian Greenhouse Grant

September 05, 2002 by Jeff Shepard

Vanteck (VRB) Technology Corp. (Vancouver, BC) announced that its subsidiary, Pinnacle VRB Ltd. (Melbourne, Australia) has been awarded a grant of $700,000 by the Australian Greenhouse Office as part of its Renewable Energy Commercialisation Programme. The grant, to be paid in six installments, is to be used toward Pinnacle's contract for the supply and installation of a VRBPower System for the King Island wind farm expansion. Full payment is expected by the end of January 2003.