With government funding initiatives on offer, CXY could stand to benefit.
Re-reading the Annual Report (September 2006), (PCE) came across this thumbnail of the role of the battery.
“Modelling of the UCG industrial gas economics suggests that small-scale power station construction (potentially from 40 MW upwards) can compete with conventional large-scale coal burning power stations, but with significantly reduced greenhouse gas emissions. At this scale, a VRB-ESS system can play a significant role in storing base load energy and releasing that energy at times of high demand. The Vanadium Redox Battery Energy Storage Systems (“VRB-ESS”) characteristics are such that regular deep charge and discharge cycles can be economically utilised for a significant period (typically greater than 10,000 cycles) thus increasing the relative value of the base load electricity generated using UCG industrial gas.”
The technology transfer for the UCG side of it is effected under a licence agreement with Ergo Exergy - see ergoexergy.com for further details of their project development strategy.
CXY - a turnaround story with value unfolding as the market realises the enormous potential of its intellectual property - the battery, together with access to the UCG technology through Ergo Exergy.
Will CXY have the good luck at this opportune time to have favourable results for the siting of a UCG plant on the Kingaroy coal tenements?
CXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
