RedT Energy PLC Holding(s) in Company (9362G)

TIDMRED

RNS Number : 9362G

RedT Energy PLC

11 August 2016

redT energy plc

("redT" or the "Company")

Holdings in Company

The Company announces that it was notified yesterday that Anthony Millar is now interested in 18,927,017 ordinary shares in the capital of the Company representing approximately 4.04 per cent. of the Company's issued share capital.

Enquiries:

redT energy plc

[phone]

Scott McGregor, Chief Executive Officer

Joe Worthington, Investor & Media Relations

finnCap Ltd (Nominated Adviser and Broker)

[phone]

Julian Blunt (Corporate Finance)

Tony Quirke (Corporate Broking)

Celicourt (Financial PR)

Mark Antelme

Joanna Boon

[phone]

About redT energy

redT energy develops and supplies durable and robust energy storage systems based on proprietary vanadium redox flow technology for on and off-grid applications. The liquid storage medium affords an exceptionally long life of over 10,000 full charge/discharge cycles and a 100 per cent. usable depth of discharge. Combined with low maintenance requirements, this delivers industry leading 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 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 a distributed energy network optimising conventional and renewable generation. The redT energy system 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 a unit please go to the below web address:

http://www.redtenergy.com/register-interest

For sales enquiries, please email [e-mail] or call [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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August 11, 2016 06:02 ET (10:02 GMT)