STG Stone Gold Inc

Highlights:



--  Enables utility dispatch control of distributed storage with lithium ion
    and lead acid batteries for improved voltage control higher power
    quality and improved grid stability 
--  Enables material increase in grid-interactive storage system
    efficiencies today with proven market-ready product platform  
--  Meets emerging European demand for cost effective, high-efficiency
    storage of solar power for on-site consumption 
--  Gateway to higher utilization of distributed renewable energy in "smart
    grids" and "micro-grids" 
--  Discussions underway to OEM PARALEX GTS as part of integrated solar PV
    energy storage systems 



Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy")
Canada's leading inverter company announced today that it will manufacture a
4.6kW high-efficiency inverter for grid-interactive 48 volt lithium ion and lead
acid battery packages.  


Based on the proven PARALEX solar inverter platform, PARALEX "GTS" will target
an immediate demand in Germany for grid interactive inverters to store solar
energy for on-site consumption driven by incremental tariffs of up to 0.09 Euros
per kilowatt hour. PARALEX GTS will enable total system efficiencies which are
estimated to be 4% - 5% higher than the highest efficiency alternative in the
market and can be delivered at a cost that is materially lower than competitive
alternatives.  


The Company is in discussions with a limited number of power supply companies to
use PARALEX GTS in combination with their own inverters or the PARALEX solar
inverter for this application. "We see this application as a wedge into Germany
for the PARALEX solar inverter and we are very excited with the level of
unsolicited interest that we are receiving," commented Michael Carten CEO of
Sustainable Energy. "PARALEX GTS is proven and market ready for Europe in Q1,
2012. Our strategy is to OEM the product with established companies in Europe
with a goal to be in the market by the end of Q1, 2012."  


Sustainable Energy sees the energy storage market as a significant long term
opportunity for the Company's core technology and one that is just beginning to
mature. Says US Energy Secretary Steven Chu (The Hill E-2 Wire July 15, 2011):
"...energy storage is crucial to our future... It is the key to greatly
expanding the use of renewable energy sources and... (making) our entire
electricity generation and distribution system more efficient by smoothing out
fluctuations in demand." 


High efficiency inverters capable of dispatching power from storage devices on
demand by the utility will be a critical part of the smart grid phenomenon.
Efficiencies are doubly important in this application since the losses on energy
conversion occur on charging and discharging the battery.


"Longer term, the grid interactive energy storage application is a very
substantial opportunity for the Company's technology and a hidden value in
Sustainable Energy. The emergence of the German incentive program is a terrific
opportunity to showcase this value to the world," added Carten. 


The PARALEX GTS capabilities are based on advanced software controls and a
simple, robust circuit developed and proven by Sustainable Energy in
collaboration with German utility RWE AG for stationary fuel cells. The inverter
platform incorporates an open communications platform which will support the
dispatch of customer-sited storage by the utility to assist in maintaining grid
stability, and the deployment of flexible micro-grids in remote and developing
regions. 


About Sustainable Energy: 

Sustainable Energy (www.SustainableEnergy.com) is a Canadian solar inverter
company which supplies Canada, the U.S. and Europe. The Company's patented
inverter technologies are a breakthrough in power inverter design and
capabilities for all forms of distributed generation and smart grid
applications. 


Forward Looking Information

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, we include:
statements concerning the impact of our technology on the operation of grid
interactive energy storage; statements concerning the comparative efficiencies
of battery based grid interactive inverters; and statements concerning the
potential for growth solar PV system performance; and statements concerning
demand for products; Forward-looking information is not a guarantee of future
performance and involves a number of risks and uncertainties.


Many factors could cause the Company's actual results, performance or
achievements, or future events or developments, to differ materially from those
expressed or implied by the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, which speaks only as
of the date hereof. Readers are also directed to the Risk Factors section of the
Company's current Annual Information Form which may be found on its website or
at www.sedar.com The Company does not undertake any obligation to release
publicly any revisions to forward-looking information contained herein to
reflect events or circumstances that occur after the date hereof or to reflect
the occurrence of unanticipated events, except as may be required under
applicable securities laws.

Stone Gold (TSXV:STG)
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부터 6월(6) 2024 으로 7월(7) 2024

Stone Gold (TSXV:STG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024