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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Camco Clean | CCE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 6.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.75 | 6.75 |
| Top Posts |
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Posted at 25/11/2015 12:58 by gnnmartin I will refer to the company as REDT from now on, even when referring to a the past when they were CCE. I expect the name REDT will cause a bit of confusion on bulletin boards, as REDT is the epic for another company, RED 24. The epic for REDT is RED. :-oI attended the meeting yesterday in order to clear up a few questions I had as a result of recent postings here. 1: the October RNS said their key market program involved placing 19 storage units. I asked how that squared with the earlier statement that we were seeking 12 key sites. There are to be 12 sites, some taking more than one unit. 2: I (and others) were curious about the label "Iona" on the side of the first unit shipped (as seen in Scott's recent brrmedia webcast). REDT have been naming the early units, and the factory where this unit was made were invited to choose the name. They chose Iona: the name has no other significance. 3: I asked if REDT were aware of the PNWL work on an improved (so claimed) vanadium electrolyte (a paper on this was referenced on this board recently). I was told that they had considered using the technology but decided that the possible advantages did not justify the extra risk of moving from a solid established technology to one which might still throw up problems. Once the company is firmly profitable, they may look again as a research project. 4: there was a reference to something which suggested that REDT were looking at the possibility of promoting transport that used vanadium batteries with the electrolyte being charged offline. The exhausted electrolyte would be drained off and replaced with a charged electrolyte. I was doubtful that this would be viable, because the energy to weight ratio of the vanadium electrolyte is so much less than a straight fuel. In fact I was told that this had been the initial plan for REDT some years ago, and REDT did have a patent, but for the reason I gave above, plus others I'll give below, the plan had been dropped and the focus changed to stationary power storage (ie to the current plan). The 'other reasons' were the complex regulations governing fuels that can be carried by public service vehicles, plus the fact that the stationary storage market is much larger. |
Posted at 19/11/2015 10:09 by tullynessle Hopefully the seeding units will provide comfort to recipients that CCE/REDT can manufacture, (in quantity if required),supply, install and commission such units according to specifications previously discussed.The reliability of the units has been demonstrated already by the 60kWh ESS at Evora, Portugal, which has been operational since October 2013 (see link below). I suspect that technical performance data for that unit and the opportunity to visit and inspect the system will have formed part of the pre-seeding marketing campaign. On that basis,then procurement decisions by potential customers could be expedited with confidence, if ESSs were required to meet their earlier requirements? All IMO / DYOR =============== Camco Clean Energy PLC Launch of European Commission's PVCROPS project 20 October 2014 Extract: "The objectives of the PVCROPS project are to develop improved management, efficiency and cost reduction for renewable energy generated from solar PV installations. While today marks the official launch, the Evora system has been in operation at the University of Evora for the past 12 months, and has been successfully running though various system configurations." |
Posted at 17/11/2015 10:23 by troutisout Monty and there I was thinking your biggest gripe was Stig trades this.Yes an impressive package, made up by a lot of incentive plan payments, you may note they both didn't take 5% pension payments which were part of their package for both 2013 and 2014. Now I don't know the ins and outs of what the incentive payment structure was, but this is one of very few companies that made it to the other side of the carbon credit crisis and they have steered us out of all our obligations and managed to keep enough in the tank with other parts of the Company to keep us going. So as a shareholder I am happy to see them rewarded for keeping this Company going, as I said many others collapsed under their liabilities. Steering the company out of the brown stuff can be much harder work than steering a company in good times, this is what fundamentally has kept CCE going and the plans/vision of getting REDT to fruition. Without that we wouldn't be here today. As for the REDT vision, the Company have been very clear with shareholders about what they wanted to do and I am glad to see it happening. Yes there have been delays on getting the pilot units out, but no point on rushing out a product prematurely. It has to be right! Today's RNS isn't really a surprise as they mentioned it in the Interims and it's absence from recent EGM RNS was picked up as a sign it was going to be sold off. What is good is it will generate some revenue from the sale and also clears all of the associated debt from our balance sheet. If you look back over the figures for these two, you will see the deal looks a good one. There seems to still be the residual carbon offset business, they were working on new plants and also we have sold the offsets due up to 2020, is there any value for the time period beyond that? Yet another piece in the jigsaw put in place and some more cash into the kitty, with an associated reduction in operating costs. I cannot see them going through all this if they weren't positive about future sales of the REDT system. I think the BoD have given us plenty of guidance of their plans and are living up to those and these deals, roll in of REDT interests, name change and siting of pilot units are proof of that. |
Posted at 17/11/2015 07:26 by skippybragagnolo Thanks Sygvard, ADVFN on the ball as usual.RNS17 November 2015Camco Clean Energy plcProposed Sale of US Biogas AssetsThe board of Camco Clean Energy plc ("Camco" or the "Company") is pleased to announce that it has reached a conditional agreement to sell its US biogas assets for an initial consideration of $4.6m and up to an additional $1.0m of deferred consideration dependent on the fulfilment of certain conditions ("Transaction"). Background to the TransactionOn 30 September 2015 the Company announced that following completion of the roll-in of the minority interests in Renewable Energy Dynamics Holdings Limited, its RedT Energy Storage business would become the primary focus for Camco. It also announced that it would continue with its Africa Fund Advisory business and was continuing to progress the ongoing strategic review of its remaining US activities. Through the strategic review, the board has concluded that it is in the best interests of the Company to pursue the Transaction so as to provide additional resource to enable further investment in the RedT Energy Storage. Following completion of the Transaction, the Company will have materially enhanced resources and will have a debt free balance sheet. Principal Terms of the TransactionUnder the terms of the Transaction, the Company has conditionally agreed to sell its entire interests in AG Power Jerome, LLC (which owns the Jerome biogas facility) and AG Power DCD LLC (which owns the Twin Falls facility), to Clean Power Holdings LLC, a Delaware incorporated business focused on developing, owning and operating anaerobic digestion biogas assets in the US for initial consideration of $18.9m less associated debt of approximately $14.3m. Initial consideration, after taking account of the related debt, is therefore $4.6m of which $2.0m will be settled in cash on completion and the remaining $2.6m to be settled in cash within 12 months from the date of completion. In addition, the Company may receive up to an additional $1.0m in cash in deferred consideration dependant on the performance of AG Power Jerome, LLC in the period to 31 December 2016 and up to 2 years from the date of completion payable in 2 equal instalments. As part of the Transaction Camco will sign long term service agreements to continue to manage the operations of the Jerome and DCD facilities on behalf of Clean Power Holdings LLC to assist them with their expansion efforts in the United States in anaerobic digestion investments. The revenues from such service agreements will be absorbed by the cost of Camco's US based employees who are being retained by Camco under the terms of the Transaction. Accordingly the Directors do not believe there will be any incremental impact on Camco's future earnings from the service agreements or the retention of Camco's US based biogas related employees. Completion of the Transaction is conditional on the receipt of various approvals for the change of control of AG Power Jerome, LLC and AG Power DCD, LLC and there being no material adverse change to the date of completion. Completion is expected to occur before 31 December 2015. Further information of the US Biogas AssetsAs at 31 December 2014, AG Power Jerome, LLC and AG Power DCD, LLC together had net assets of $2.8m (approximately 2.3m) and in the year to 31 December 2014 generated a profit before tax of $0.1m (approximately 0.1m). Camco has owned and operated the Jerome Facility since commissioning in July 2012. The facility is situated on a dairy farm in Idaho. Camco acquired the Twin Falls Facility in December 2013 which is situated within 30 miles of the Jerome Facility. Both facilities are designed to significantly reduce the cost otherwise incurred in dealing with the vast amounts of cow manure generated and reduce emissions for the dairy owner. Scott McGregor, CEO of Camco, said: "This transaction completes the restructure of Camco enabling us to focus entirely on the commercialisation of our REDT energy storage technology. The sale provides us with capital to expand delivery of our product to market." Enquiries: Camco Clean Energy+44 (0)207 121 6100Scott McGregor, Chief Executive OfficerJonathan Marren, Chief Financial OfficerfinnCap Ltd (Nominated Adviser and Broker)+44 (0)207 220 0500Julian Blunt (Corporate Finance) Tony Quirke (Corporate Broking)Newgate (Financial PR)Tim ThompsonHelena BogleEd Treadwell+44 (0)207 653 9850 About Camco Clean Energy Camco Clean Energy plc (AIM: CCE) is a clean energy development company which combines technical and commercial expertise to finance, develop and operate renewable energy projects and storage technology. With 25 years' experience and an outstanding track record throughout Asia, North America, Africa and Europe, Camco works with local developers, governments, development banks, and private investors to implement clean energy projects, policies, and technologies and to reduce emissions. In the last year, Camco has brought an advanced energy storage technology to market (REDT energy), secured an investment advisory fund mandate for African renewables, and developed utility scale biogas plants in the US. About REDT REDT has developed a new and proprietary energy storage technology which enables the efficient and sustainable storage of electrical energy in liquid form. The multi-valent properties of the Vanadium Redox electrolyte are used to provide a storage medium of virtually unlimited life with a system able to last more than 10,000 deep charge/discharge cycles. Combined with its very low maintenance requirements, REDT systems are able to deliver some of the lowest Total Cost of Ownership (TCO) results in the industry. Long discharge durations are achieved by the simple addition of extra electrolyte capacity at a relatively low marginal cost. Until now it has not been possible to directly compare variable RE generation with firm 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 the complete displacement of conventional fossil fuel power with renewable generation. The REDT system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management. This information is provided by RNSThe company news service from the London Stock Exchange END MSCUNVNRVBAAAAA |
Posted at 03/11/2015 12:53 by the stigologist Proposed change of name to RedT Energy plcName change reflects Company's core focus on commercialising its RedT energy storage product. Camco Clean Energy (AIM: CCE), today announces its intention to change its name to RedT Energy plc. The name change reflects the Company's core focus to commercialise RedT's energy storage product. After an extensive period of research, development and prototyping, RedT has recently delivered its first manufactured production unit. This launches RedT into the commercialisation phase of its business and accordingly is an appropriate time for a change in the holding company name to reflect this focus. The Company will continue to operate and develop its African clean energy business activities under the name Camco Clean Energy, independently as a subsidiary of RedT Energy. The proposed change in name is subject to shareholder approval at a General Meeting to be held at 11.00 a.m. on 24 November 2015 at Suite 4.12, Clerkenwell Workshops, 31 Clerkenwell Close, London EC1R 0AT. Following the approval by shareholders of the change in name, the Company also intends to change its EPIC/TIDM from "CCE" to "RED". Scott McGregor, CEO said: "RedT Energy, now in its commercialisation phase, brings to the market a highly sought after long duration and heavy duty stationary energy storage product. The name change of the Company to RedT Energy communicates clearly our product to energy storage customers and investors." |
Posted at 03/11/2015 07:08 by tullynessle Excellent - "step by step".......RNS Number : 2461E Camco Clean Energy PLC 03 November 2015 3rd November 2015 Camco Clean Energy plc ("Camco" or "the Company") Proposed change of name to RedT Energy plc Name change reflects Company's core focus on commercialising its RedT energy storage product. Camco Clean Energy (AIM: CCE), today announces its intention to change its name to RedT Energy plc. The name change reflects the Company's core focus to commercialise RedT's energy storage product. After an extensive period of research, development and prototyping, RedT has recently delivered its first manufactured production unit. This launches RedT into the commercialisation phase of its business and accordingly is an appropriate time for a change in the holding company name to reflect this focus. The Company will continue to operate and develop its African clean energy business activities under the name Camco Clean Energy, independently as a subsidiary of RedT Energy. The proposed change in name is subject to shareholder approval at a General Meeting to be held at 11.00 a.m. on 24 November 2015 at Suite 4.12, Clerkenwell Workshops, 31 Clerkenwell Close, London EC1R 0AT. Following the approval by shareholders of the change in name, the Company also intends to change its EPIC/TIDM from "CCE" to "RED". Scott McGregor, CEO said: "RedT Energy, now in its commercialisation phase, brings to the market a highly sought after long duration and heavy duty stationary energy storage product. The name change of the Company to RedT Energy communicates clearly our product to energy storage customers and investors." Enquiries |
Posted at 30/10/2015 07:22 by spellbrook Well done Cce/ REDT........RNS Number : 9462D Camco Clean Energy PLC 30 October 2015 30(th) October 2015 Camco Clean Energy plc ("Camco" or "the Company") RedT's first manufactured production system delivered RedT Energy (Camco's energy storage business) ("RedT") is pleased to announce the delivery of its first Jabil manufactured storage system to its Wokingham development centre. This is a 40 kWh storage system and will be connected to PV generation. RedT has, over the past year, been developing a suite of modular production optimised storage systems as part of a market seeding programme. This programme involves placing 19 storage units into key application markets and geographies, all of which have strong and varying demands for energy storage. These market seeding units are being manufactured by Jabil at their facility in Scotland. RedT has successfully proven the prototypes of its technology and this next stage for RedT is wider commercialisation by placing these fully manufactured modular market seeding units into key customer applications. The 40kWh Unit delivered yesterday is the first of the market seeding units to be delivered on site and will be installed and commissioned at RedT's development facility. This Unit will remain, for the near term, at RedT's development centre to showcase RedT storage system functionality to prospective clients. The development centre is easily accessible for local customers and international customers via Heathrow airport. The storage technology of RedT's proprietary vanadium flow battery has one of the lowest available levelised costs of energy storage over the lifetime of the system. The low cost manufacturing of the technology and its successful implementation into customer applications is expected to lead to strong future customer demand for RedT's energy storage system. Camco recently acquired the remaining effective voting control in in RedT and now has an effective economic interest in 97.1% of RedT Energy, as announced on 14(th) October 2015. Scott McGregor, CEO of Camco said, "I am delighted to announce that today marks a key milestone for RedT in delivering our first manufactured production unit. After 15 years of research, development, prototyping and testing, the system is complete enabling RedT to move the business into the commercial phase through delivery of its first product. We look forward to being able to show our customers the manufactured unit and start the sales cycle of the business. I'd like to personally thank the hard work of RedT's design team and the Jabil production team to deliver this first unit." |
Posted at 30/9/2015 07:20 by skippybragagnolo Going for it!Can't say I'm not a little bit disappointed that we'll be offloading the biogas etc as I always considered that solid income. This news completely alters the outlook- CCE now have potential for massive growth in business- and I mean massive- but are now a far higher risk play.That won't suit everyone- the question is how confident are the management in REDT? My guess is very for them to have made this decision. So the other question is how much as an investor does one trust the management to get it right? I know my own opinion on it and I'll be holding but it will be interesting to see the overall consensus.Exciting times ahead, good work CCE. |
Posted at 28/5/2015 08:00 by the stigologist 02 Jul 2013 7:30 amRNS Factsheet Camco Clean Energy (CCE) Director Dealing 01 Jul 2013 7:00 am RNS Factsheet Camco Clean Energy (CCE) Director Dealing 27 Jun 2013 7:00 am RNS Factsheet Camco Clean Energy (CCE) Acqn of next dairy biogas to power facility in US 7:00 am RNS Factsheet Camco Clean Energy (CCE) Final Results 13 May 2013 8:15 am RNS Factsheet Camco Clean Energy (CCE) Issue of Equity 07 May 2013 7:00 am RNS Factsheet Camco Clean Energy (CCE) Disposal of interest in Camco South East Asia |
Posted at 30/1/2015 07:17 by howdlep So we have:-5 unit order Strong H2 Final results "comfortably ahead of expectations" no Euro currency impact SA revenues > expected US biogas continues to perform Camco Clean Energy PLC 2014 Trading Update TIDMCCE RNS Number : 5525D Camco Clean Energy PLC 30 January 2015 30 January 2015 Camco Clean Energy plc ("Camco" or "the Company") 2014 Trading Update The Board of Camco Clean Energy plc is pleased to provide a trading update for the year ended 31(st) December 2014. REDT* Clean Energy Storage During 2014 REDT progressed from a prototype and product development phase towards the production of its flow battery. This step forward followed the securing of a contract to build a 1.26MWh wind energy storage facility in Scotland and contracting Jabil Circuit, Inc. in June 2014 to produce a commoditised low cost REDT battery. The company is now focussed on the launch of its manufactured REDT battery. The two key drivers for success at this stage of a new technology product launch are 1) successful technical implementation in customer applications and 2) achieving a low cost sale price to ensure economic commercial application by customers. REDT's 2015 strategy is now focussed on ensuring that these two drivers are achieved. Orders -- The Directors expect sales to be generated following the production of Jabil manufactured REDT batteries and successful installation of these systems at customer sites during 2015. Any sales prior to delivery and installation of these systems would be with early adopters and customers working closely with REDT -- Given the above, we are proud to announce initial orders have been received for 5 units, signalling market interest and confidence in the REDT battery technology at the pre-production stage -- Now that the business has entered its commercial phase, REDT has hired a dedicated sales director with many years of experience in the sector Implementation -- Detailed design is now complete for the small and large product range (including 5kW-30kWhe, 10kW-30kWhe, 15kW-180kWhe, 30kW-180kWhe, 45kW-180kWhe and 60kW-180kWhe) -- The team has addressed successfully many anticipated engineering production issues expected when moving from prototype design to a commoditised manufactured product in parallel with Jabil's quality control reviews -- Production has commenced at the Jabil manufacturing facility in Scotland -- Manufacturing of internal stacks (the core technology of the battery) has been completed and these have been tested successfully at the Jabil facility -- Production is now focussed on completing the build, certification and electrical testing for delivery during 2015 of ten 5kW-30kWhe units to selected customers across a range of customer applications and delivery of seven 15kW-180kWhe units to the Isle of Gigha Cost -- Initial 40% cost reductions have been achieved on these systems -- Further supply chain and research initiatives are underway to continue cost reductions, both from a production design engineer perspective, component sourcing and from research and development initiatives Africa Clean Energy During 2014 the Company extended its existing African business and was jointly appointed as investment advisor to the Green Africa Power LLP ("GAP") fund. In early 2015, GAP announced that additional funding of GBP26m had been provided, increasing the base fees earned by Camco from those previously announced. There is also a growing pipeline of similar complementary activities giving confidence that alongside GAP, the business can be transitioned towards higher margin activity validating Camco Clean Energy's extensive experience in the African renewables sector. US Clean Energy The Company continued to deliver cash flow from its US assets during 2014. The US carbon projects delivered credits into the Californian regulated carbon market during 2014 as anticipated, providing a useful contribution to Company's cash flow. Camco's operating biogas assets Twin Falls and Jerome Facilities have performed well throughout the year and in addition the Company has continued to expand its biogas project pipeline. Group performance In our interim statement, we reported a significantly reduced net loss compared with the prior period. Performance in the second half of the year remained strong with the final result anticipated to be comfortably ahead of management expectations. Cash and cash equivalents at the year-end were EUR4.0m. The Company has a policy of holding its cash reserves in the currencies in which it has the majority of its operational expenditure and therefore currently does not hold significant reserves of Euros thus benefiting from declines in the Euro in 2014 and 2015 to date on a reported basis. Scott McGregor, CEO of Camcosaid, "After a period of substantial change in recent years, 2014 saw the company stabilise and start to expand its business activities, with a particular focus on taking REDT from a prototype product into commercial production, which has been a huge success. This cautious and patient strategy in bringing the REDT technology to market positions the Company very well for 2015." * Camco Clean Energy plc, on a fully diluted basis, has an economic interest of 49% in REDT. Enquiries: +44 (0)20 7121 Camco Clean Energy 6100 Scott McGregor, Chief Executive Officer Jonathan Marren, Chief Financial Officer +44 (0)20 7496 N+1 Singer (Nominated Adviser and Broker) 3000 Ben Wright, Richard Salmond Newgate (Financial PR) +44 (0) 207 653 Tim Thompson, Helena Bogle, Edward Treadwell 9850 About Camco Clean Energy Camco Clean Energy plc (AIM: CCE) is a clean energy development company which combines technical and commercial expertise to finance, develop, and operate renewable energy projects and storage technology. With 25 years of experience and an outstanding track record throughout Asia, North America, Africa and Europe, Camco works with local developers, governments, development banks, and private investors to implement clean energy projects, policies, and technologies and reduce emissions. In the last year, Camco brought an advanced energy storage technology to market (REDT energy), secured an investment advisory fund mandate for African renewables, and has developed utility scale biogas plants in the US. About REDT REDT has developed a new and proprietary energy storage technology which enables the efficient and sustainable storage of electrical energy in liquid form. The multi-valent properties of the Vanadium Redox electrolyte are used to provide a storage medium of virtually unlimited life with a system able to last more than 10,000 deep charge/discharge cycles. Combined with its very low maintenance requirements, REDT systems are able to deliver some of the lowest Total Cost of Ownership (TCO) results in the industry. Long discharge durations are achieved by the simple addition of extra electrolyte capacity at a relatively low marginal cost. Until now it has not been possible to directly compare variable RE generation with firm 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 the complete displacement of conventional fossil fuel power with renewable generation. The REDT system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management. This information is provided by RNS The company news service from the London Stock Exchange END |
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