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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Redt Energy Plc | LSE:RED | London | Ordinary Share | GB00B11FB960 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 52.50 | 50.00 | 55.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRED
RNS Number : 6461W
RedT Energy PLC
16 November 2017
This announcement contains inside information
16 November 2017
redT energy plc
("redT" or the "Company")
Sale of nine commercial energy storage units in Asia
redT energy plc (AIM:RED), the energy storage technology company, is pleased to announce the sale of nine redT tank units to a customer in South-East Asia. This commercial order marks redT's entry, via partners, into the high-growth Asian energy storage market.
The sale consists of four 30kW-150kWh energy storage machines in addition to a single 5kW-20kWh machine. In total, the sale is equivalent to nine redT modular tank units with a combined capacity of over 0.6MWh.
The machines will be used as flexible platform assets, connected to the local grid and performing a range of services.
Enquiries:
redT energy plc +44 (0)207 061 6233 Scott McGregor, Chief Executive Officer Joe Worthington, Investor & Media Relations Cenkos Securities (Nominated Advisor & Broker) +44 (0)131 220 9100 Derrick Lee VSA Capital (Investor Relations Advisor) Andrew Monk +44 (0)203 005 5000 Celicourt Communications (Financial PR) Mark Antelme Jimmy Lea Ollie Mills +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
END
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(END) Dow Jones Newswires
November 16, 2017 02:00 ET (07:00 GMT)
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