Redt Energy Share Discussion Threads

[edale] 15/1/2017 21:46

Yes correct, last half year presentation shows seeding units plus Gigha add up to 2Mwh.

[dogrunner11] 15/1/2017 21:41

Didn't they auction off what remained with no takers?!

[dogrunner11] 15/1/2017 21:33

Total dispatched which is over 2MW, believe that is seeding units, can only think of one in Portugal which was done prior to seeding scheme anyhow.

On last investor presentation on redT website it shows those installed if I remember correctly.

[dlg3] 15/1/2017 21:25

there is a piece on Bosch,s web site published today saying Imergy are going to be working with Bosch, perhaps Bosch have not heard the news....

[edale] 15/1/2017 21:25

I presume the 2MWh figure includes all the seeding and pre seeding units.

[dogrunner11] 15/1/2017 21:19

From placing document below, they have delivered many units which are also on investor presentations, using an iPad so can't be bothered to copy and paste besides many here don't like it so and slag off those doing so, DYOR then:-

The Company has dispatched over 2MWh of storage to date, for use in a variety of applications, working alongside solar and wind in both grid-connected and off-grid situations. The Company has now proven its patented stack and system IP technology as a contract manufactured commodity product. This is a key strategic milestone for an early stage technology company. The market seeding phase for redT’s Gen 1 machine has provided critical knowledge which has been utilised in the development and manufacture of its Generation 2 (“Gen 2”) energy storage products. The Company’s Gen 2 machines incorporate design enhancements for manufacture, a reduction in the number of material components and an associated reduction in raw material and assembly costs

[dogrunner11] 15/1/2017 21:01

I don't believe they ever had a working product, I believe it was hocus pokus for a fund raise on sun Edison that is now bust.

It was only India who ordered 1,000 units and I understand the directors still retained the solar business in India, from memory.

In short they were never competitors if truth be known.

Still they are surely prospective clients with their solar business in India, just need a rep or two out there ...

[edale] 15/1/2017 20:41

I have found it confusing as to where we are with both large scale and Gen 2 orders and deliveries so have pulled out extracts from the various RNS’s and summarise below. I hope you find of benefit)

RNS 13th June 2016
This large residential development customer order is in addition to redT's other market seeding unit planned for the Thaba Eco hotel, announced 18 March 2015. This project has been working through location planning approval with respect to the renewable power development, and as a result of this delay, a new redT GEN2 unit will be delivered to the site once planning approval is gained.

(Originally planned to take a seeding unit now Thaba to take a Gen 2 Machine)

RNS 6th Oct 2016
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.

(Of the 7 units ordered, 4 delivered and ‘now sited’ ie where they are to be installed and not on the slipway as reported by one poster, 3 awaiting delivery)

RNS 7Th Nov 2016
Milestone sale confirmed for redT Gen 2 energy storage machine
redT energy plc (AIM:RED), the energy storage technology company, is pleased to announce the sale of a Gen 2 energy storage machine to Jabil Inala, a South African energy solutions provider and systems integrator, operating across sub-Saharan Africa.
The 5kW, 30kWh redT energy storage machine will be provided by Jabil Inala to one of Africa's largest telecoms companies. The machine will be used to bridge power supply interruptions on the local grid in order to maintain uninterrupted operations at a telecom base station in South Africa.

(One Gen 2 machine sold to Jabil Inala (Africa) no indication as to when it will be manufactured and delivered)

RNS 14th Nov
This announcement concludes redT's market seeding phase by achieving the core programme objectives. Following the recent announcement of its first Gen 2 unit sale, the Company has now moved onto its priority focus, which is the delivery and commercial roll-out of its low-cost Gen 2 energy storage machines.

RNS 25th Nov
redT energy plc (AIM:RED), the energy storage technology company, is pleased to announce that its first Gen 2 energy storage machine has been manufactured and shipped to the Company's development centre. The 5kW, 20kWh machine will be commissioned and used for customer demonstrations and training at the Company's Wokingham-based development site.

A second, larger Gen 2 15kW, 75kWh machine is currently being manufactured for redT's customer, the Thaba Eco hotel, which is located in Johannesburg, South Africa.

redT is also pleased to announce an additional commercial sale of a Gen 2 energy storage machine to University of Strathclyde. The 5kW, 20kWh machine will be used as part of a joint project between Gaia Wind and University of Strathclyde at a site in Glasgow, Scotland. The unit will be used alongside a grid connected renewables project to demonstrate the benefits redT's energy storage machines can provide Gaia Wind's commercial customers.

(One Gen 2 machine manufactured and delivered to Redt’s Development Centre, the Thaba Hotel machine under construction and an order for one unit for Gaia Wind)

In Summary :-
Large Units - 7 Ordered for Gigha, 4 Delivered , 3 still to be delivered.
Small Units - 4 Ordered (Redt Development Centre, Thaba Hotel, Gaia Wind and Jabil Inala)
- 1 Delivered to Redt Development Centre
- 1 Currently being manufacured for Thaba Hotel
- 2 Presumably awaiting manufacture for Gaia and Jabil Inala

[dlg3] 15/1/2017 19:28

That is Imergy Energy out of business now, their assets have been auctioned off, I wonder what will happen to their contracts.....

[dlg3] 15/1/2017 12:38

Ebillo no need for Apologies, every one makes mistakes no matter how perfect....

[elbillo] 15/1/2017 11:49

Apologies wrong board

[dlg3] 15/1/2017 11:15

2.03.16 – SUSI Partners to finance grid storage projects
Zurich – The Zurich investment advisor SUSI Partners has signed a Memorandum of Understanding with the French utility ENGIE under which SUSI will invest EUR 50 million in grid-scale storage projects.

According to a SUSI Partners news release, the partnership with ENGIE is to promote grid-scale power storage projects. SUSI Partners specialises in sustainable infrastructure projects and has significant experience in the field of renewable energy. As an initial stage, SUSI will invest EUR 50 million (CHF 54 million) in equity for grid-scale storage projects developed by ENGIE.
The French utility wants to develop new business models in power storage activities. ENGIE works around the world and already has storage solutions in the United Kingdom, Belgium, Germany and Corsica. The company is now looking to grow in other markets such as North and South America.
“The framework agreement between ENGIE and SUSI demonstrates that the energy storage market is advancing rapidly and moving towards its deployment phase,” says Asif Rafique, SUSI’s managing director for energy storage. “Third party financing represents the next step in the sector’s development and we are delighted to team up with ENGIE to provide the necessary capital for their projects.”

[dlg3] 15/1/2017 11:11

ENGIE announces today its acquisition of an 80 percent stake in Green Charge Networks (Green Charge), an industry-leading battery storage company based in California. Green Charge, utilizing its advanced patented software algorithms and analytics, deploys, owns, operates, and optimizes battery systems at commercial & industrial (C&I) and public sector customer sites in the United States. Terms of the deal were not disclosed.

With offices in Santa Clara, New York and San Diego, Green Charge has developed a portfolio of 48 MWh of battery storage projects either deployed or under construction across more than 150 sites. To date, the company has helped customers across the country to reduce their electric bills up to 30 percent while providing stability to the grid.

Green Charge will benefit from the support of a larger family of ENGIE businesses in North America, which span the continent, providing renewable and natural gas-fired power production, natural gas and liquefied natural gas (LNG) deliveries, retail energy sales to homes and businesses, and services to enhance energy efficiency.

“With Green Charge, ENGIE immediately gains a strong position in the growing battery storage market in the U.S. and further develops its offering of load management solutions at customer sites,” said Isabelle Kocher, Chief Executive Officer of ENGIE. “The company’s “stand-alone battery” and “solar + battery” solutions complement our existing offers. In the U.S., ENGIE has developed a large, customer base across all 50 states. Together with Green Charge, we are able to offer an even greater range of leading-edge solutions for commercial, industrial, and public sector customers. This acquisition will also reinforce ENGIE’s strengths and skills in the activities of decentralized energy management, off-grid solutions and power reliability, which are identified as areas for growth for the Group around the world”.

Today in the United States, ENGIE offers a variety of energy efficiency, customized demand response and renewable solutions to commercial and industrial customers, allowing them to optimize their load requirements and energy-related costs. Lately, the Group has invested in numerous energy management solutions, such as in February 2015 in Tendril, a Colorado-based company working on Energy Service Management thanks to an open, cloud-based software platform, and earlier this year, ENGIE has acquired OpTerra Energy Services, a company which provides a comprehensive set of energy and sustainability management services to thousands of customers.

[backdoorbill] 14/1/2017 20:03

Trout:-

"Quite a few people have traded RED and made money doing so, I am sure some have lost (but you don't tend to read that)."
-----------------------------------------------

A great thread for sure, trout .... :-(

Off out now and a very good weekend to all.

Chas

[alchemy] 14/1/2017 19:08

11508 on t'other thread is well worth a look.

[alchemy] 14/1/2017 19:07

11508 Folks. read that! Look at enrigen energy in Google.

[dogrunner11] 14/1/2017 18:08

Could do similar in U.K. There's tax break investments if someone had the inclination to do it...

Don't know if it's fully subscribed...

[bobby.ifa] 14/1/2017 17:30

Just read the subscription document, these tax breaks alone make it a no brainer. I wonder if it was fully subscribed?

[dogrunner11] 14/1/2017 16:52

Dividends end of 2017 over a 3 year period. Not bad for Canada which isn't our target area.

[dogrunner11] 14/1/2017 16:07

Here's 100 potential battery orders and it's definitely 2017 from what's written:-

Sunrigen Green Energy Inc. (SGE) is offering a green investment opportunity in the wind energy and energy management business. Green Energy falls under the Mining Investment Division in Canada making this investment potentially very lucrative with the write offs allowed under this tax incentive program with Federal and Provincial Government tax incentives in place. (CRA identification number is 15-45737-4)

SGE is engineering solutions that combine Wind generation with peripheral energy management and energy storage services

* SGE is currently negotiating Agreements with Municipalities in Northern Ontario to supply green energy solutions. 

* SGE plans to install one hundred 15kW wind/battery systems in these communities over thenext three years creating low costgreen energy for rural communities


* To provide a stable supply of power we will use a combination of wind turbines, fuel cells, battery’s, and power conditioning


hxxp://sunrigen.com/wp-content/uploads/2016/05/Investment-Overview-May-2016.pdf

Using a redT solution:-

hxxp://sunrigen.com/energy-storage/

[dlg3] 14/1/2017 16:07

Deutsche Bank sees South Australia at 95% renewables by 2025

Energy analysts at leading investment bank predict state of South Australia could easily beat aspirational target of 50% renewables by 2025, reaching 85% mark by 2020 and possibly as much as 95% by 2025.



all this not possible without storage.....