5th Aug 2014 08:54
LONDON (Alliance News) - Turbo Power Systems Inc Tuesday said it had won a deal with UK Power Networks to manufacture production units for its new design of electrical energy controllers that will be tested on electricity distribution networks in the London and Brighton areas.
The award comes after it was awarded the design contract for the technology earlier in the year.
"Turbo Power Systems' new design of electrical energy controller optimises the use of existing network capacity to accommodate increased loadings for renewable energy generation, whilst additionally supporting the addition of new homes and offices within the capacity of installed networks," Chief Executive Carlos Neves said in a statement.
The company didn't provide any financial details about the contract.
Turbo Power Systems shares were up 12% at 0.420 pence Tuesday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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