Redt Energy Share Discussion Threads

[paulcon1] 17/10/2019 09:07

Whatever the outcome of the RTO, we are now coming down to the wire. If I recall RED had funds until December so only 5-6weeks to go before news (good or bad)

Good luck all RED shareholders

[owenski] 17/10/2019 09:01

Loses on RED were all avoidable if punters understood the business and not the hype about the product, I'm sure it wasn't just me that saw the issues here accurately.

No need to lose all ones money like zero the muppet, interesting that they have to redeem themselves by saying, it was only a small amount, or, all my other stuff is working.

A muppet who runs one position badly is likely to run others badly, like a gambler, they punt and hope for the best, lol

[zero the hero] 17/10/2019 07:39

Where I am at the moment is heavily invested in other companies that are doing well, Red is my only losing position. I am lost with Red to the extent that I have a low level of hope, but like you I do feel that Neil might salvage this company.

I hope that most of us here are losing a small percentage of our wealth, I do not feel comfortable when I hear someone losing too much on Red.

[ts0mev] 17/10/2019 07:13

1541,
no, it is a marketing piece by Imergy Power Systems selling the idea that everything Vanadium will be gold by 2020.

Where were Imergy Power Systems in 2016?

hxxps://www.energy-storage.news/news/imergy-enters-insolvency-and-lays-off-its-staff

As for RED, Neil has already been setting expectations. The business is not anywhere near where he wants this to go, so he is strategically positioning rather than talking about how great the product is; we lost faith in the idea that the market will see RED's product as the best thing since sliced energy bread.

I understand where you and probably many investors are. You're lost and maybe the company won't find itself, but as long as I can see that Neil has a plan and is optimistic then I will happily sit this out.

[zero the hero] 17/10/2019 00:07

I think you are in a muddle, the article is 5 years old but clearly comes out in favour of Vanadium, just leaves the reader to understand the point! None of it matters, Red are still dead in the water until massive dilution of the pittance that remains can be sorted.

[ts0mev] 16/10/2019 23:26

ZtH, you do realise the article is over 5 years old? It wasn't true then either. Regarding Germany there are talks of a recession which may result in investing in infrastructure projects. If you consider the likes of the Oxford Energy Superhub, it is likely that such consideration, using the German SCR market, may prove a sound investment to boost EV sales in Germany and a move towards a carbon free energy policy. One can dream..

[zero the hero] 16/10/2019 21:44

Tsomev, in the absence of news the SCR is dreadfully quiet, that article did not mention it sure, and no real hints either.

I am looking for a reason for a total lack of sales other than sheer incompetence or another reason. The price of Lithium may have been a deciding factor, short term I think it has been for the small sized sales Red have lost dreadfully on.

Grid size Vanadium is still in the game, I just hope Red will be. Anyway here is a small article to peruse on Lithium v Vanadium, nicely explained.

[owenski] 16/10/2019 20:40

What a total idiot that muppet zero turned out to be, I've continually pointed out that Lithium is an incumbent technology, plus the accurate track record I have in understanding RED's awful financials, and only now is the muppet starting to wake up.

Some people shouldn't have access to money, lol

[greenmachine2] 16/10/2019 19:52

This article indicates that the 50MW planning restriction on battery storage but not hydro is to be lifted in the UK. As Redt cannot evidence even 2MWH installation yet , perhaps this is irrelevant though. Of interest is another article on the energist suggesting that lithium can be used for 6 hour duration in some markets around the world. In the words of Private Frazer of Dads Army , we are all doomed!" I hope not though. We can live in hope. I hope that the economics of the flow batteries and the learning curve and volume savings can save the technology if anyone is prepared to take a punt on flow rather than lithium.

[bluechimp1] 15/10/2019 22:12

1533 this is a month old, but says delivery to anglia will be soon...

is the

Apologies if previously posted. I wondered if it might be the same site as the Norwich giant greenhouses.

[mikemine1] 15/10/2019 19:49

You might be interested in this

[gbjbaanb] 15/10/2019 17:09

Regardless of Germany, is the Anglian installation still being held up by the local planning department? Maybe it's time to send XR round to the council to cause a nuisance of themselves with a positive outcome!

[ts0mev] 14/10/2019 13:49

1531,
the articles are relevant to "primary control reserve power", i.e. short durations.
Note: "The most important markets for utility-scale BSS in Europe today are Germany and the UK. In Germany, more than 450MW of large-scale BSS went online over the last five years. Most of these projects are in the range of 5-15MW with storage durations of about 1.5 hours and operate in the market for primary control power (“Primärregelleistung”)."

As you note, RED is discussing the German Secondary Reserve.

The interim results indicated that this is not happening soon:

"German grid portfolio - our revised proposition for the first project remains under consideration with our funding partner, however progress has been delayed as a result of ongoing changes to the German Secondary Control Reserve market by the German regulatory bodies. Clarity on the changes is not expected before December 2019. An update on the project will be provided once the implication of the proposed changes has been assessed, likely during H1 2020."

Personally, I would focus on the more immediate concerns, however the fact that the company is discussing H1 2020 is positive when you consider the claims that they won't survive to the end of November 2019...

[ts0mev] 10/10/2019 15:11

jamonit,
if you are talking about energy storage systems, then Li-ion has been taken up on firm frequency response projects due to it being a really good fit (for high power density requirement). Flow batteries are a few years behind so the comparison of new vs matured is strongly in favour of Li-ion. Lots of opportunities out there requiring short duration power deliver will still call for Li-ion, but there is growing interest in medium to long duration storage and with degradation of the larger capacity energy storage systems being a very costly concern, these should move towards Flow batteries.

[pdoc] 09/10/2019 17:31

That was a good cut & paste of what they said in an RNS there ts0mev. Are you going to offer an opinion or are you under news blackout too like everyone at RedT? Anyhow, the important point of that cut & paste is this bit: "Unless additional funding is obtained by December, the Group would have no option but to cease trading. The immediate focus is on securing interim funding to complete the proposed Merger..." This was the same sort of begging point RedT made on March 14th about having to secure funding or else go bust. Well, they had that last fund-raise and have done diddly squat with the money in the last 7 months except pay themselves multiple 100s of £k. Does anyone expect anything anymore from this bunch? Only 11 months ago there was a game changing deal... All b/s and board remuneration. Seriously suspect company.

[guppygould] 09/10/2019 11:28

That is potentially interesting jamonit although because there is no specific mention of RED it may or may not lead to anything.

[ts0mev] 08/10/2019 21:02

1524
Mikemine1, the interim report stated:

"The cash balance at 30 June 2019 was £3.1m. The Group's latest cash flow forecasts indicate that, without further funding, such as the interim funding mentioned above, cash will run out in December 2019. Unless additional funding is obtained by December, the Group would have no option but to cease trading.

Outlook

The immediate focus is on securing interim funding to complete the proposed Merger and Fundraise and ensure a satisfactory conclusion to the Strategic Review process This should provide both the immediate funding required by the Group and in the near term create a leading, global player with the secure financial position, global footprint and industry expertise required to succeed in the rapidly emerging energy storage market.

Alongside this process, which is being led by the Board, the executive team remain focussed on the manufacture, delivery and operation of our existing projects and securing further business from our sales opportunity pipeline.

Work has already started to identify and plan for the exciting opportunities that will be created by the merger with Avalon. Further details of these will be provided later in the process."

[guppygould] 08/10/2019 20:39

Mikemine1, possibly because the longer this lockout period rumbles along, the more likely it is to happen?

It's definitely hard to be positive now, but the thing that makes me feel that this is unlikely to happen that there is not an insubstantial amount of RED that is owned by fairly heavy II's. I'm pretty convinced that they wouldn't let this happen. I'm not saying that it won't, but I think that for that reason alone that I would be sceptical about that happening

Ultimately, at this point and with trading halted there is nothing that anybody can do that will affect whatever the eventual outcome of this is.

[mikemine1] 08/10/2019 18:56

Increasingly why am I getting an uneasy feeling that someone is waiting for RED to run out of money.