Redt Energy Share Discussion Threads

[dlg3] 09/1/2017 08:18

Scott McGregor, CEO, redT energy commented:

"This successful pre-testing of redT's energy storage system not only marks a significant moment in the company's development, but also for the broader industrial energy storage market. The deployment of this machine to the Isle of Gigha is ground breaking as far as it is represents the first time that contract manufacturing of a large commodity unit such as this has been successfully deployed ahead of commercial production globally. This important milestone highlights how redT is well placed to build upon its leading position in the market for large scale, long-life and robust energy storage solutions."


"successfully deployed ahead of commercial production globally."

[12bn] 09/1/2017 08:17

Down she comes,I am so glad that I cleaned my crystal ball,it is working well again.

[dlg3] 09/1/2017 08:16

12bn another 55 today so far...the company is about to close orders so revenue on the way .......

RedT "claims it can sell the batteries at half the price or less of its rivals."

[dlg3] 09/1/2017 08:13

rustle2 yes your valuation is about right...

[12bn] 09/1/2017 08:11

11.81p sell with be the best price today,so says mystic12bn.

[12bn] 09/1/2017 08:08

£50m market cap for a non-profit company certainly is cheap dlg3,LOL!! This has been pumped by Tom W and his pals at share price so I expect a dump of shares today. This is likely to end up well down on the day,imo.

[bobby.ifa] 09/1/2017 08:07

Quality post & information Tully. If RED get a sniff of the Pentland project this will really fly!

[dlg3] 09/1/2017 08:06

14p with 468m = £65 million 468m + 186m = 654 x 12.5p = £81 million

[dlg3] 09/1/2017 08:01

rustle2 but they have not spent the money yet, so will be on the balance sheet as an asset, so should be taken into account in the valuation ao the company.

[dlg3] 09/1/2017 07:56

I would imagine Timothy Cornelius of Atlantis Resources has already lodged his interest...

[rustle2] 09/1/2017 07:52

By my calcs, if these were worth 14p with 468m shares pre-placing plus 186m shares added at 8p we should head back to around 12.3p with 654m shares for an equivalent valuation.

But of course we now have a company in a much better position with cash to take them forward.

GLA

[12bn] 09/1/2017 07:50

A lot of hype here and the overhang of shares hasn't gone away so I expect a quick retrace to 8p here.

[tullynessle] 09/1/2017 07:46

I hope that Mr Cornrlius has made the call already...........


Additional to Post 11167

Extract:

"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.”"





Battery that could revolutionise renewables on trial in Scotland
Government-funded test run hopes to show that the redox flow device is commercially viable

SEPTEMBER 13, 2016

Article follows..

[tullynessle] 09/1/2017 07:43

See also Post 11168

An opportunity for redT to sell a machine and to participate in an innovative and market ready renewables project.


Extract:

"Atlantis CEO, Tim Cornelius, said: "The DEMOTIDE project is the next significant step in delivering cost effective, reliable tidal stream generation for Europe.
Atlantis Resources Limited Award of EUR20.3m grant from European Commission"


09/01/2017 7:00am

Award of EUR20.3m H2020 grant from European Commission

Atlantis, a global leader in the tidal power sector, is pleased to announce the award of EUR20.3m in Horizon 2020 grant funding from the European Commission for the DEMOTIDE project, which will design, build and operate a 6MW turbine array, MeyGen Phase 1B, in the Inner Sound of the Pentland Firth in northern Scotland.

MeyGen Phase 1B, also known as Project Stroma, will commence construction in 2017 and first power is expected in 2018. It will be built adjacent to the existing 6MW MeyGen Phase 1A project, which delivered first power to the grid in November last year. Together, Phases 1A and 1B complete the foundation for full scale build out at the site, which has an awarded seabed lease for almost 400MW of installed capacity.

Continued....

[parsons4] 09/1/2017 07:15

We get a few good posts then utter rubbish between fronby and dig3 please !!!!! you are both ruining this thread !

[dlg3] 08/1/2017 22:28

thank you have a nice day..........

[fronby] 08/1/2017 22:25

Must go now am on duty tomorrow.
Next time you have a pretend visit be sure and take your pretend batteries away with you.

[fronby] 08/1/2017 22:23

We are all wondering when you will be sending someone to collect these batteries as they are no use to us.

[dlg3] 08/1/2017 22:20

fronby you mean the Lewis that was there in 2013.....

[fronby] 08/1/2017 22:19

Sharon wants to know if you will be coming back for your doll ?