RedT Energy PLC Sale of nine commercial energy storage units (6461W)
November 16 2017 - 1:00AM
UK Regulatory
TIDMRED
RNS Number : 6461W
RedT Energy PLC
16 November 2017
This announcement contains inside information
16 November 2017
redT energy plc
("redT" or the "Company")
Sale of nine commercial energy storage units in Asia
redT energy plc (AIM:RED), the energy storage technology
company, is pleased to announce the sale of nine redT tank units to
a customer in South-East Asia. This commercial order marks redT's
entry, via partners, into the high-growth Asian energy storage
market.
The sale consists of four 30kW-150kWh energy storage machines in
addition to a single 5kW-20kWh machine. In total, the sale is
equivalent to nine redT modular tank units with a combined capacity
of over 0.6MWh.
The machines will be used as flexible platform assets, connected
to the local grid and performing a range of services.
Enquiries:
redT energy plc +44 (0)207 061 6233
Scott McGregor, Chief Executive
Officer
Joe Worthington, Investor
& Media Relations
Cenkos Securities (Nominated
Advisor & Broker) +44 (0)131 220 9100
Derrick Lee
VSA Capital (Investor Relations
Advisor)
Andrew Monk +44 (0)203 005 5000
Celicourt Communications
(Financial PR)
Mark Antelme
Jimmy Lea
Ollie Mills +44 (0)20 7520 9266
Notes to Editors
About redT energy
redT energy develops and supplies durable and robust energy
storage machines based on proprietary vanadium redox flow
technology for on and off-grid applications. The liquid storage
medium affords an exceptionally long life of up to 25,000 full
charge/discharge cycles and a 100 per cent usable depth of
discharge. Combined with low maintenance requirements, this
delivers industry leading lowest levelised cost of storage (LCOS)
and total cost of ownership (TCO) results. The modular approach
allows the power and energy components of systems to be
independently sized to meet customer requirements.
Until now it has not been possible to directly compare variable
renewable energy generation sources with diesel or fossil fuel
generation. PV + Storage is now reaching 'grid parity' in many
countries, a paradigm shift in energy production, which will
ultimately enable a distributed energy network optimising
conventional and renewable generation. The redT energy storage
machine has applications in remote power, smart grids, power
quality, and all aspects of renewable energy management.
To find out more about redT products or to register your
interest in purchasing an energy storage machine please go to the
below web address:
http://www.redtenergy.com/register-interest
For sales enquiries, please email enquiries@redtenergy.com or
call +44 (0) 207 061 6233
This information is provided by RNS
The company news service from the London Stock Exchange
END
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