The much maligned Pinnacle VRB is making good headway in USA....

The much maligned Pinnacle VRB is making good headway in USA. The recent blackouts brought energy storage from page 144 to page 2 on the minds of ALL USA utilities and customers.

Over the last 6 weeks VRB Power the owner of 70% PCE has risen fro 10c to $1.00CDN.-"a ten bagger"

Strange as it seems VRB do not hold any licences from PCE. There is a lot of very stong minorities that must be dealt with. PCE was subject to a takeover at around 65 c.

There is a installation obout to be completed in King Island in about 10 days. This battery will save about $1mill per year (SEDO Report), and many more orders are expected. Wind power installations that cannot supply a adequete base load (that all of them) get a substancial lift in viability (over 60%) if they incorporate a VRB into their systems.

PCE has only been marked up from 10 to 20 c, there is only about 20 mill share in Australian hands. USA/CDN investors will want to control 100% of PCE , so some firey things can happen. One thing is for sure the remaining PCE shareholders will be hard to shift.

The damage caused by recent blackouts is estimated in $Billions, I doubt if they will resolve this issue in haste, it argues well for long run in both VRB and PCE.

I brought a few more today.