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Orders keep coming in for high-temperature superconductors (HTS) expert Zenergy Power (ZEN:AIM). Consolidated Edison, the largest investor-owned energy company in the US, has contracted Zenergy to carry out a study of its patented HTS fault current limiter (FCL), an application to protect grids from power surges.

Consolidated Edison operates a power grid near New York City, and the success of the study means Zenergy could supply one of its proprietary FCL units to protect the city's power supply.

Last month Zenergy also announced it had received a second order for an HTS induction heater, a massive industrial application, from a multi-billion global copper maker.

The final results posted last week showed a larger loss for the year, but this is due to larger investment, and Zenergy should prove a success story as the energy sector digests its strong technology.

Shares says: the startling share price performance should resume thanks to this positive newsflow. SPECULATIVE BUY

by: Carlo Svaluto