Vanteck Announces Australian VRB Contract

July 17, 2002 by Jeff Shepard

Vanteck Technology Corp. (Vancouver, BC) announced that its subsidiary, Pinnacle VRB Ltd. (Melbourne, Australia), has been awarded the contract for the energy storage component of Hydro-Electric Corp.'s (Tasmania) King Island wind-energy expansion project in Australia. Pinnacle will construct and install a vanadium redox battery (VRB) energy storage system with a rated output of 200kW and a rated output time of two hours.

Pinnacle's VRBPower system stores and delivers electricity on demand, improves power reliability, improves power quality, and reduces costs associated with applications for load leveling, peak shaving and the supply of essential uninterruptible power systems.