CXY 0.00% 0.3¢ cougar energy limited

COUGAR ENERGY BOOSTED BYAUSTRALIAN GOVERNMENT GRANT FORRENEWABLE...

  1. 333 Posts.
    COUGAR ENERGY BOOSTED BY
    AUSTRALIAN GOVERNMENT GRANT FOR
    RENEWABLE ENERGY STORAGE PROJECT
    Cougar Energy Limited (ASX Code CXY) has been offered $1.83 million in project funding under
    the Australian Government's Advanced Electricity Storage Technologies (AEST) programme to
    establish Australia's first multi-installation demonstration project for renewable energy storage
    using its vanadium redox battery (VRB) technology.
    Cougar (formerly Pinnacle VRB Limited) announced today that the initial stages of the project will
    centre on the isolated fishing and holiday village of Windy Harbour, 200 kilometres west of Albany
    in Western Australia, but the project will ultimately involve the installation of up to 90 VRB units at
    suitable sites throughout Australia over the next three years.
    Managing Director, Dr Len Walker, said VRB Energy Storage System (VRB ESS) units, which
    store electricity produced by solar or wind generators, are ideally suited to Windy Harbour where
    residents run small diesel or petrol generators to meet their electricity needs.
 
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