CALGARY, ALBERTA -- (Marketwired) -- 07/02/13 -- Sustainable Energy Technologies (TSX VENTURE: STG), ("Sustainable Energy" or the "Company"), a manufacturer of intelligent power electronics for decentralized generation and storage systems, is pleased to report that a New York based contractor has selected the Company's Bidirex energy storage inverter for a US Army contract to demonstrate a new Intelligent Scalable Micro-Grid solution.
First deliveries are planned for this month. The identity of the contractor is not disclosed due to confidentiality obligations and for competitive reasons.
"A micro-grid is an autonomous power supply system that delivers firm, grid quality power to isolated or critical loads from local generation sources," said Brent Harris, CTO of Sustainable Energy. ""AC coupled" micro-grids are gaining ground quickly as the next generation off-grid system due to their flexible, modular design, with the military taking a leading role in deployment and demonstration."
"Our patented Bidirex energy storage inverter enables the highly flexible "AC coupled" design with the power industry's highest round trip conversion efficiencies. Its unique open control easily accommodates emerging low voltage battery technologies and greatly facilitates system design."
"Customer up-take to date indicates that a significant portion of North American market for distributed energy storage in the next few years will come for remote industrial (telecommunications, oil and gas, mining) and military applications."
"Inverter-controlled, battery centric micro-grids, using alternative energy sources, are often able to deliver more resilient power at a lower cost than diesel generators that have been traditionally used in these applications," Harris added.
About Sustainable Energy
Sustainable Energy (www.SustainableEnergy.com) designs and manufactures advanced power electronics for distributed smart grid and micro-grid applications. Advanced power electronics are a critical interface between all distributed generation and storage systems devices, ensuring the delivery of high quality alternating current (AC) to the power grid as well as providing utility control over the interconnection and power quality.
Sustainable Energy's bi-directional low voltage energy storage inverter branded Bidirex directly connects low voltage batteries to smart grids and micro-grids with the power industry's highest round trip (battery charging and discharging) efficiencies. The inverter meets tough utility smart grid standards, such as Germany's VDE 4105, which is becoming a global standard and enables full utility control over the battery dispatch and power quality functions.
Sustainable Energy's platform is based on patented breakthroughs in power inverter design that enable its platform to convert high current/low voltage DC into high quality AC with conversion efficiencies that are higher than anything in the market with an inherently lower cost structure.
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 future demand for energy storage inverters; statements concerning the value of AC coupled systems, statements concerning the competitive advantages of alternative energy driven micro-grids; and statements concerning the efficiency advantages of our energy storage inverters for AC coupled designs.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sustainable Energy Technologies Ltd.
Chief Executive Officer
Alliance Advisors, LLC
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Quiznos Files for Chapter 11