ZENERGY - a positive announcement but how about some idea of potential monetary value?
The AIM quoted superconductor energy company announced today that it has been contracted by ‘Con Edison’ to build and test a "Smart Grid" device for improving the stability and reliability of New York City's electrical system. Pity they didn't tell us more about it's revenue generating potential or how much it will cost!
The so called Fault Current Limiter (`FCL’), instantly detects and absorbs spikes in power which may damage electrical equipment or cause partial or total power failures on an electrical network. Con Edison is a subsidiary of NYSE quoted Consolidated Edison, Inc. [NYSE: ED] so it’s a big vote of confidence from a big utility! Zenergy expects to deliver the prototype by the end of August but frustratingly no details whatsoever were given with regard to revenue earning potential from this contract. Con Edison has commented that Fault current limiters will be an essential element of the smart grid to maintain…