This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CUI Global Announces First Retail Sales And Installation Of Its Vergence™ GasPT2 Devices In The United Kingdom

TUALATIN, Ore., June 12, 2012 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative products and technologies, today announced it has delivered and installed its first retail units of the   Vergence™ GasPT2 device.  The units, purchased by National Grid (LSE: NG) in the United Kingdom (UK), are being installed at Adnams Brewery in Suffolk, UK.  Further units are scheduled to be installed at a similar facility in Roundham, Norfolk, UK.   Both facilities produce biogas which is to be injected into the UK natural gas network, owned and operated by National Grid. 

(Logo: )

In addition, Scotia Gas Networks has ordered units for its biogas facility in Poundbury, West Dorset, UK, while the Wood Group have placed retail orders for the Vergence devices as part of a National Grid contract to upgrade gas compressor stations on the National Grid transmission pipeline at Cambridge, Diss and Chelmsford.

According to a 2009 report from National Grid, "up to half the [UK's] domestic gas heating could be met by turning waste into biogas."  As explained by National Grid's Sustainable Gas Group, "Biogas has benefits on so many fronts.  It is renewable and could help to meet the target of 15% of all our energy coming from renewable sources by 2020.  It provides a solution for what to do with our waste with the decline in landfill capacity and it would help the UK with a secure supply of gas as North Sea sources run down."

For its part, Adnams Brewery, through Adnams Bio Energy Limited (ABE), has announced the completion of its groundbreaking anaerobic digestion (AD) plant, which will be the first in the UK to use brewery and local food waste to produce renewable gas for injection into the national gas grid as well as providing gas for use as a vehicle fuel.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs