Camco Clean Share Discussion Threads

[ch1ck] 30/10/2015 12:34

I agree with little pop, there is no pleasing some people.Company gives an update proving they are on schedule and did not have any problems and the share price moves up 6%.

[gnnmartin] 30/10/2015 12:33

Trout (edit, sorry), thanks for drawing attention to the '19 units'. I had missed that. Upping the near term expectation from 12 to 19 seems rather more interesting than the delivery of the first unit, given that that is going 'in house'. Is there any possibility that the 19 units go to 12 locations, and so the RNS does not in fact update the numbers? I haven't tried to answer my own question.

[spellbrook] 30/10/2015 12:08

Camco progressive approach is to be admired...IMO...

the RTO of REDT in full is a very STRATEGIC move which will be revealed later also IMO...

[...]

[skippybragagnolo] 30/10/2015 11:27

I'll take the continued steady progress any day. Better to get it right first time and as for delays to any previously suggested schedule.... par for the course with small companies introducing new products- impossible to predict every eventuality. What I will say is that having Jabil look after manufacturing and the resources that provides has probably greatly reduced any delays they have faced.Happy for them to continue with slow progress, I'm in no rush.

[vivgav] 30/10/2015 11:27

pmsl.....sheer desperation from the Clumsy chartist

90p Lol

ARM & ASOS look worried. pmsl

[the stigologist] 30/10/2015 11:25

The good news here is that it is going up on 'not great news'

This was expected and actually delayed news so actually the shares going up today on 'bad' news which is very encouraging.

[troutisout] 30/10/2015 11:20

What do we know, they were delivering this soon after the Interims, this is Gen1 and so are the other 11 units, they are working on a Gen2 unit.

Toady's RNS is the first time they have talked about 19 seeding units (previously always been 12) so is this a typo or are they looking at siting more and will any of these be Gen2?

This looks to me to be an RNS to say we are now open for business rather than one to inform shareholders and the market of any material change.

[littlepop] 30/10/2015 10:42

Bobby, don't forget everyone (me included) used to complain that CCE were rubbish at blowing their own trumpet and didn't release enough news. Seems a bit harsh to criticise them for starting to do so now. I agree that this in itself is not earth-shattering news, but I have always said they need to be more proactive in informing the market what is happening. It seems to be working too in a small way...

[trotterstrading] 30/10/2015 10:25

What about Gigha and the African production model, no mention of their progress, nor an update on the remaining locations?!!!

Sadly CCE have a history of delays and missed milestones, give us a decent update!!!

[bobby.ifa] 30/10/2015 10:22

Tell me about it joe. I don't think any serious investor would be running for his cheque book on this mornings news.

[joeblogg2] 30/10/2015 10:17

Bobby, it has been a long road but now they can showcase the product and convert those interests into sales now.

[aishah] 30/10/2015 09:58

Shares respond by 6+% on the prod news.

[spellbrook] 30/10/2015 09:09

Trades for Camco Clean Energy Plc GB00B11FB960
Return to main company page
Date Time Board Type Volume Price
30/10/2015 08:06 GBX/ISDX-exn New 100,000 5.99
30/10/2015 08:01 GBX/ISDX-exn New 40,000 5.99

[folderboy] 30/10/2015 07:24

Well maybe lining up for the game - it's still not a sale.

Surprised therre is not more comment on this news.

Agree it's good news. Hopefully see 6p today - but who knows

[aishah] 30/10/2015 07:23

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."

[spellbrook] 30/10/2015 07:22

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."

[tradermel] 30/10/2015 07:21

Game on ... RNS

"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."

[monty panesar] 29/10/2015 19:36

Battery technology is moving rapidly.Johnson Matthey are developing the Lithium Air Battery that is 90% efficient.Admittedly a decade away but lots of competition around.

[ditchpig] 29/10/2015 11:10

Trouty up to his old games here as well??? My my, I thought they would have retired the Troutisout name by now....

[davemac3] 28/10/2015 10:07

should be good for Camco

[dlg3] 26/10/2015 22:32

October 26, 2015

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(Bloomberg) -- The African Development Bank’s new president wants to bring electricity to the poorest parts of the continent within a decade and says he can mobilize $55 billion a year to make it happen.

Akinwumi Adesina, who was elected to lead the lender in September, is undaunted by the scale of the challenge. At least 620 million people have no access to power, including vast populations in war-torn countries such as South Sudan, Somalia and the Democratic Republic of Congo.

“I’m not bothered by that amount -- that money is there,” Adesina said in a phone interview. “Today Africa generates $540 billion in tax revenue per year. If you take 10 percent of that and devote it to the energy sector, the problem is solved. If we light up and power Africa, we can have a GDP growth rate of double digits without any problem at all.”

The comments set out one of the key priorities for the institution based in Abidjan, Ivory Coast, and suggests support for developers of both renewable and fossil-fuel generation plants. Adesina, the former Nigerian minister of agriculture, is implementing a program dubbed The New Energy Deal for Africa, which aims to extend electricity to the entire continent by 2025.

Adesina wants aid donors and African governments to scale up investment in energy and will use the bank’s leverage to encourage financial flows from private companies. The development bank said this month that it will triple its funding for climate-related projects to $5 billion per year. It also plans to reform the pricing of energy, utilities and subsidy programs in Africa’s energy industry.

The focus will be on renewables. It doesn’t rule out coal, which the World Bank is prodding development institutions to fund only in the most extraordinary circumstances.