re: Ann: CBD Storage Technology Chosen for Pr... interesting...

re: Ann: CBD Storage Technology Chosen for Pr...
interesting announcement - you would have to think that there is some good $ for CBD in providing the energy storage for such a substantial project.

According to the announcement the actual potential revenue figures should be released in a few weeks after further consultation.

So there could be another driver for sp movement in the short term.

The company is partnered with GE in its NSW wind farm project, a large german solar company owns 30% approx of CBD and now it is partnered with a large chinese company for energy storage.

Interesting story.

The only downside I can see is it has an ex pollie as Chairman (Mark Vaile) and companies with ex-politicians on the board are batting 0 from a 1000 from my experience.

and

its head office is in Double Bay Sydney. Nothing of consequence has ever come out of double bay .. :>)

Let's see where the cards fall on this one.