RedT Energy PLC First redT energy storage machines arrive at Gigha
06 October 2016 - 5:00PM
RNS Non-Regulatory
TIDMRED
RedT Energy PLC
06 October 2016
6 October 2016
redT energy plc
("redT" or the "Company")
First redT energy storage machines arrive at Gigha
Four 15-240 energy storage machines successfully delivered ahead
of final installation and commissioning phase
redT energy plc ("redT energy" or the "Company"), the energy
storage technology company, is pleased to have transported four of
its 15kW-240kWh energy storage machines to the Isle of Gigha. The
units, which are the first contract manufactured, containerised,
large scale vanadium flow machines of their kind, are four out of
seven modules of an energy storage system that will eventually
total 1.68MWh. The machines are now sited in preparation for their
installation and commissioning onto the island's electrical grid.
The Company will update the market once the final three modules
have been delivered to Gigha.
The 1.68MWh system will be used to generate revenue by providing
grid support services. The system is configured and approved to
remove generation and export constraints from the addition of an
extra 330kW community-owned wind turbine on the island. In
addition, the machines will also eventually provide voltage and
frequency support services and back-up for the remote Scottish
island in case of grid outages.
Scott McGregor, CEO of redT said,
"Today's announcement marks another significant milestone for
redT and moves us closer to successfully concluding a game changing
project for the energy storage industry. This is not only an
important development for redT, as it demonstrates the value our
technology can bring to large scale renewable energy ventures, but
also for the island's inhabitants. This 1.68MWh system will help
increase the output of the island's community wind farm, generate
revenue and bring greater energy security to a community located in
a remote part of the UK."
Enquiries:
redT energy plc +44 (0)207 061 6233
Scott McGregor, Chief Executive
Officer
Joe Worthington, Investor
& Media Relations
Cenkos Securities plc +44 131 220 9772
Nick Tulloch +44 131 220 9100
Derrick Lee
Celicourt (Financial PR)
Mark Antelme
Joanna Boon
Jimmy Lea +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
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