Redt Energy Share Discussion Threads

[dogrunner11] 30/4/2018 10:22

This contract



Comments back from testing at PNDC which is now our Centrica project that has been installed:-

Timothy Cornelius, chief of tidal power developer Atlantis Resources, says the Gigha trial is “of extreme interest”. Atlantis is building one of the world’s largest tidal power arrays in Scotland’s Pentland Firth and expects energy storage to play a big role in future projects, particularly when they involve islands with limited grid connections.

“We fully subscribe to the idea that storage is the revolution,” Mr Cornelius says. “If they can prove [vanadium redox flow works as billed] then Scott McGregor will be one of the first people I call.”

[murdo mcsponge] 30/4/2018 10:12

gvg. I agree. I was confused about that too.

[qvg] 30/4/2018 10:08

Dogrunner
Can you please expand on your post of 28th April. "Back from testing of our machines that are now installed via Centrica, so yes all proved up and they have ordered a 3.5MW system subject to contract"
I can't find anything on this 3.5 MW order. Could you please post a link that shows it is for real?

[cheek212] 30/4/2018 09:48

Almost another 1m buys but no tick up! Someone still selling their placing shares I suspect.

[dlg3] 29/4/2018 22:54

The project owner is unnamed but some of the most prominent UK tidal projects are being developed by Atlantis Resources (ARL LN), which designed, built and delivered the first phase of the flagship MeyGen tidal energy project in Scotland. ARL is currently merging with certain assets of SIMEC Energy (part of the GFG Alliance), owner of an interest in Tidal Lagoon plc, which is also developing a number of tidal projects in the UK, predominately in Wales, and internationally.

[dlg3] 29/4/2018 22:48

Hospitals, schools and railways in South Australia will be powered by an electricity retailer started up by billionaire steel trader Sanjeev Gupta, following the signing of an agreement between the state government and Gupta’s SIMEC ZEN Energy.

South Australia’s premier, Jay Weatherill, who has been a recent high-profile supporter of renewables and energy storage, particularly over coal, announced yesterday that SIMEC ZEN will supply over 80% of the South Australian government’s electrical load in 2018.

[dlg3] 29/4/2018 22:45

They will need some heavy duty batteries for this not some lightweight lithium, I think a hybrid could be in play here...


South Australia has become a big battery battleground. Not long after Elon Musk’s Tesla built the world’s largest lithium-ion battery—the Hornsdale Power Reserve, which has a rating of 129 megawatt hours—a British industrialist has stepped in with plans for a 140-megawatt-hour beast.

The billionaire Sanjeev Gupta bought a steelworks in South Australian town of Whyalla last August, through his Liberty House company. Gupta’s GFG Alliance then bought a controlling stake in an Adelaide-based clean energy company called Zen Energy, which he then renamed Simec Zen Energy.

Simec Zen will later this year start constructing a 200-megawatt solar farm to power the Whyalla steelworks—and now there’s a plan to have a world-leading battery to store that energy, ensuring continuity of supply (a concern with solar.)

[dlg3] 29/4/2018 22:38

SIMEC Group, purchased a majority stake in ZEN Energy, an Australian battery storage and solar energy firm.

[dlg3] 29/4/2018 22:19

Indian-born Mr Gupta is the founder and executive chairman of the Liberty House Group, an industrial and metals company founded in the UK in 1992 which has a turnover of nearly $7 billion, and runs a portfolio of other companies.

[dlg3] 29/4/2018 22:17

Work on the Wyre Tidal Gateway scheme looks set to take a major leap forward with news of billionaire steel magnate Savjeev Gupta is investing in Atlantis Resources, the company which has been leading the scheme since last year.



The Gupta organisation has also recently concluded a deal with Fleetwood based company Natural Energy Wyre Ltd (NEW), which is a partner on the barrage project with Atlantis. Mr Gupta’s involvement sees a deal struck with his company Simec, to create a powerful new renewable energy organisation, Atlantis SIMEC Energy.



“This now means that the project is additionally strengthened by the “Gupta-billions”. “Although visual evidence of work will not take place for a few months yet, there is a massive amount of foundation work taking place behind the scenes, all working towards Fleetwood once again having a vibrant future.”

[dlg3] 29/4/2018 22:08

post away with any info you have good or bad, fire away its a free country at the moment!!

[pdoc] 29/4/2018 22:03

Some of those repeat channels do have an inordinate amount of adverts, one after the other as if they will never stop.

I am not too sure about the selfish accusation - 7 posts, one after the other, drowning out the rest of the comments, is not the actions of someone averse to being selfish.

Since when has you reading it or not become the only critereon?

[dlg3] 29/4/2018 21:52

I suppose its a bit like an ad on Tv, why do they show them more than once when you have seen them...

[dlg3] 29/4/2018 21:51

pdoc That is rather a selfish attitude to take, I have seen it, so would not like it repeated!! there are people that are new that will not have seen what you have.

[pdoc] 29/4/2018 21:39

What on earth just happened then?

I posted something about my disappointment that ARL had not won a recent CfD auction (UK)and wouldn't it be great if the UK could go greener with a link between ARL and REDt without the help of a multi national steel producer - i.e. where are you HMG when there is something realy big on the horizon here? Tidal is expensive, green is expensive - any energy we want to use REDt with is expensive, but HMG should be supporting and not using crusty old CfD techniques that are not appropriate in this case. We will end up with wind only if that is continued.

The link up with REDt is still possible as was said by ARL some time ago that has been repeated on here very often.

Then someone posts quote after quote after post after quote that we have all read before - not forgetting the 'first person I'd call' quote to boot!

How does all of that repeated guff add to discussion? iT is just repeated quotes.

[brucie5] 29/4/2018 21:25

Join the dots. Enjoy the ride up.

[dlg3] 29/4/2018 21:03

redT energy plc (AIM:RED), the energy storage solutions company, is pleased to announce that it has been selected by a consortium of European companies to be the primary energy storage technology provider for a large scale tidal generation project in the UK.

The project, for which a 0.6MW, 3MWh redT flow machine system has been selected, remains subject to finance and formal contract awards. The EU project will demonstrate the technical and financial feasibility of using tidal energy plus energy storage to provide reliable, renewable baseload energy. redT will contribute research, analysis and optimisation of tidal and flow machine technology to provide base load power.

Tidal generation is cyclical, depending on the moon's position and phase, with two high and two low tides occurring each day. The third hour of each tidal flow offers the highest power, occurring approximately every 6 hours. Given the nature of the application, a heavy cycling, non-degrading energy storage asset such as redT's was favoured over less robust battery alternatives.

[dlg3] 29/4/2018 21:01

Timothy Cornelius, chief of tidal power developer Atlantis Resources, says the Gigha trial is “of extreme interest”. Atlantis is building one of the world’s largest tidal power arrays in Scotland’s Pentland Firth and expects energy storage to play a big role in future projects, particularly when they involve islands with limited grid connections.

“We fully subscribe to the idea that storage is the revolution,” Mr Cornelius says. “If they can prove [vanadium redox flow works as billed] then Scott McGregor will be one of the first people I call.”

[dlg3] 29/4/2018 21:00

Tidal turbines installed in Pentland Firth, Scotland, set a new world record for tidal stream generation output in August, according to Atlantis Resources.

The firm said the third of the four turbines involved in the 6MW MeyGen project was successfully reinstalled during August neap tide this week.

Atlantis added that the 700MWh generated during August is a world record for a tidal stream power station. With the third Andritz Hydro Hammerfest (AAH) turbine now installed, the firm expects to set new generation records each month.

[dlg3] 29/4/2018 20:58

Marine energy firm Atlantis is planning a 160MW tidal barrage in the Wyre estuary with company boss Tim Cornelius touting it as the “pathfinder project the UK government is looking for”.

The firm has signed heads of terms with the Duchy of Lancaster for an option for the long-term lease of the riverbed and hopes to start building the array after obtaining consents, which would take around three years. The scheme would also act as a flood protection mechanism.

[dlg3] 29/4/2018 20:56

In the UK, Cornelius says Atlantis has “392MW consented [via MayGen] that could be done tomorrow with a CfD,” and believes with additional permitting the company could potentially develop up to 1.5GW.

Cornelius says MayGen is “fully consented to participate in the 2019 CfD auction” and “understands the need to be competitive”, though believes it is “slightly unfair to have to compete against offshore wind”.

Alongside the auction, the company continues to push for a bilateral CfD, or similar construct, “just some basic inventive to stimulate build up,” says Cornelius. “It would be a shame to see the pipeline built out entirely overseas when it has been developed in the UK.”

The government of 2013 awarded a bilateral CfD to enable EDF to make a final investment decision on Hinkley C. Could tidal power reach gigawatt scale before new nuclear is commissioned?

“With a very modest amount of support, the answer is yes,” says Cornelius.

[dlg3] 29/4/2018 20:56

France is preparing for a commercial tender in the waters off Normandy and Brittany. Atlantis submitted proposals to the French government this week, suggesting that 1GW could be delivered by 2025 “at a blended price that would be competitive with offshore wind tenders”, according to Cornelius.

That sounds optimistic, given the company bid £150/MWh in the contracts for difference (CfD) auction last September, but Cornelius begs to differ.

“It is aggressive, but not particularly optimistic. It is halving last year’s CfD bid through relatively simple things,” he says.

[dlg3] 29/4/2018 20:44

Centrica Plc has an “imperative to change” and is repurposing its business structure with a greater emphasis on the consumer and providing grid services, in response to the ongoing shift in the energy landscape, said Mark Futyan, merchant power director in the company’s business solutions division.

“The energy landscape is shifting from an old world with one-way flow from big central generation down the wires to passive consumers, into one where it’s very much bi-directional”, Futyan told BNEF in the following interview. The London-based utility wants to help customers “take control of their energy and be in the driving seat.”

Centrica is installing batteries at a holiday resort in Cornwall with solar panels onsite, to trial the concept of energy arbitrage – where the batteries are charged during times of plentiful solar generation and are subsequently discharged when power prices are higher, to reduce the customer spend on grid-supplied power.