Redt Energy Share Discussion Threads

[dlg3] 08/5/2017 07:52

Shannon Energy and Solar Capital are activley pursuing cntracts in the Arab states, Gerry Shannon is a director of both companies.... Shannon Energy have some well placed directors, EMEA region and South Africa..

[dlg3] 07/5/2017 23:45

They will also want energy storage for all those solar fields !!!!!

[dlg3] 07/5/2017 23:38

Saudi Arabia begins shift from oil to solar power to fuel electricity generation
Gulf kingdom burns more of the fossil fuel than any other country to generate power – 900,000 barrels per day

Saudi Arabia’s long-awaited drive to free up more oil revenue by shifting to solar power generation is expected to pick up speed next quarter, according to local developers eyeing contracts.

“I’m fully expecting within the first quarter 500 megawatts to come out in tenders and then it’ll ramp up,” said Paddy Padmanathan, the chief executive officer of Acwa Power International in Riyadh. “That will be a game-changer for the region.”

The world’s biggest crude exporter also burns more oil than any other country to generate electricity. According to the most recent International Energy Agency figures, the kingdom consumes at least 900,000 barrels a day at peak periods of the year to keep the lights on – an amount worth more than $16bn year based on current oil spot prices. Integrating more solar power on to the Saudi grid could free up more crude for export.

[dlg3] 07/5/2017 23:17

flow battery,s already designed for computers, next the motorbike..

[dlg3] 07/5/2017 23:16

oil is going to get very cheep to buy......the world will be awash with the stuff....oil stocks cant be a good investment at the moment...

[dlg3] 07/5/2017 23:14

dogrunner11 car battery next, they already have the design..... just a case of adding the new technology...

[dlg3] 07/5/2017 23:12

the directors of REDT have some pretty impressive working backgrounds, Scott comes from Rio Tinto and Sir John Samuel made The Enfield 8000, it was a prototype electric vehicle which emerged out of a competition run by the United Kingdom Electricity Council in 1966.He also worked ar the uni of new south wales Australia.



Sir John Samuel and Roger Anderson founded RE-fuel Technology in 2000 to develop a Redox Flow Battery in research partnership with the University of New South Wales in Sydney. RE-fuel operations were then set up in Wokingham with backing from Dr Jeff Kenna at Camco Clean Energy (formerly ESD) and support from the UK Government’s Department of Trade and Industry (now DBIS). In 2001 the team was then joined by Peter Ridley who developed the first 5kW battery. The initial technology was intended to provide rapid refuelling for electrical vehicles. However the pressing need to store energy in the power sector has led the company to focus on this market first.

[dogrunner11] 07/5/2017 23:11

All installed costs of those two projects is perhaps half a billion dollars.

10% will do, 20% amazing and all will be life changing!!!

Thing is this is just the start, we have several peeps working on tenders across the globe, cheapest product and global partner Jabil.

But no noise! Imagine what happens when that arrives!

[dlg3] 07/5/2017 23:03

Scott a native Ausi......

[dlg3] 07/5/2017 22:59

Pace micro did the same thing letters of intent then boooooooom £13.60p rest was history......everything starts with letter of intent....

[dlg3] 07/5/2017 22:57

dogrunner11 looks like you have been busy, Pug sounds rather like trouty...

[dogrunner11] 07/5/2017 20:44

They will certainly be in for those tender also, it's aimed at flow machines

[dogrunner11] 07/5/2017 20:42

Confirmation that Australia has suddenly become the “go-to” place for the international battery storage industry comes with news that Victoria’s battery storage tender attracted some 110 proposals, outstripping even the extraordinary response to the rival tender in South Australia.

Officials confirmed the tender numbers to RenewEconomy this week, with more than two thirds of the proposals being considered “credible̶1;.

That call for expressions of interest was for a 20MW/80MWh battery storage array to be built in western Victoria, at a site with a “weak network” and expanding renewable energy capacity.

Another EOI process is being run for a another 80MW of energy storage, with proposals due on April 25. Once those have been processed, and the final configuration narrowed and defined, a dual-track tender process will take place.

That tender is also open to storage providers such as pumped hydro and solar thermal, but the time lines outlined by Victoria appear to rule these out of contention.

The Victorian tender is happening at the same time as the South Australian tender for 100MW/100MWh of battery storage (with varying configurations also welcome). The initial phase closed last Friday and on Monday the state energy minister revealed that 90 proposals had been received from 10 different countries.

[pugugly] 07/5/2017 10:46

dog But at what price !!!!!!!!!!!!!!!!!!!!!!!
Letters of intent often as worthless as loo paper -
Still as I have said above a gamble and if so good why not bid from US majors - Whole of current market cap equivalent to savings refered to in bloomberg article above.

You are working hard but pushing a snowball up a hill (at the moment ) imo

[dogrunner11] 07/5/2017 10:26

Lol

-- 2017 Orders: 1 x 10kW-75kWh & 1 x 60kW-300kWh machines (equivalent to 5 x redT tank unit modules)

-- Letter of Intent: Signed with a UK energy project developer with potential 490MW of grid connected sites

[pugugly] 07/5/2017 10:17

Dog Any fool can give away at cost or below - REDT need profitable sales at a viable gross and net margin - GEN3 promises this but (so far as I am aware) no sales, letters of intent or other -

There is a market out there but no sign yet that REDT have gained traction - If REDT flow battery is so attractive any US fund or storeage co would have bought the company yesterday out of their petty cash. Cost less than $100 million including some £15m cash balance - Jury still out.

As an example of market and PURCHASES see.

Slap a Battery on a Gas Turbine and Make an Extra $1.4 Million

[dogrunner11] 07/5/2017 09:48

$150 million project!

[dogrunner11] 07/5/2017 09:47

Wrong Pugley, they have buyers at this price as accounts confirm.

Have you seen the deadline? That's 100MW within 6 months, confidence? That's in addition to the €6.5m project about be announced.

Mass-produced Pugs, Jabil are looking to mass produce worldwide, sounds good to me.

[dogrunner11] 07/5/2017 09:45

Battery makers worldwide are watching to see whether Australia's most wind power-dependent state can keep the lights on by installing grid-scale batteries by December, which could help drive the growth of renewable energy across Australia and Asia.

If batteries help solve our electricity problems by storing surplus electricity generated by wind and solar power, countries like Indonesia, the Philippines and Chile, could follow suit.

"I call South Australia the 'perfect storm' opportunity for energy storage," said Ismario Gonzalez, global sales director for AES Energy Storage, an arm of US firm AES Corp, which has installed or is working on battery projects in seven countries, including Australia.

The more dependent the grid is on intermittent sources like wind and solar, the more flexible the back-up sources need to be. That's the appeal of battery storage. It can be switched on and off easily, responding faster than a gas peaking plant.

South Australia, where wind and rooftop solar make up 44 percent of power sources, urgently needs to install big batteries after suffering blackouts over the past year.

It has little back-up as coal-fired power plants in the state have shut due to the rapid expansion of renewable energy. That has made it more dependent on power from Victoria, its only link to Australia's national electricity market.

The state government plans to spend $150 million supporting the installation of 100 megawatt hours of battery capacity this year, which would be the world's second-largest battery system behind one installed by AES for California's San Diego Gas & Electric Co in February.

South Australia has yet to name a shortlist of bidders, after having received 90 expressions of interest from more than 10 countries. So by the time it signs contracts, the winner or winners will have only six months to meet a December deadline.

[pugugly] 07/5/2017 09:41

dug: Looking to invest PROFITABLY - you are I am afraid missing the point - REDT have minimal if any commercial sales at the moment - message received is that no buyers at current prices. OK may be different with phase 3 machines but until then investing here is an act of faith -

RE Know what I am talking about - Certainly I am an Investor not a gambler.

[dogrunner11] 07/5/2017 09:32

Pugs, do you have any idea what you are taking about?

Nobody knows what anyone's prices are, apart from Tesla who have publicilly bidded on this project via twitter.

Our published price could well be reduced to near $300kWh if a vanadium is rented, additionally our product will go for 25-40 years easily whilst lithium will degrade and cost to dispose of in less then 10 years, ours is fully recyclable.

Fact we have a special mention goes show we being taken seriously, great worldwide advert and shows intent of our BoD. We are competitive and have a much superior product that can be mass produced today.

If you find negatives in that then you shouldn't be investing.

[pugugly] 07/5/2017 09:26

Dog: Do I take it form your answer that no generally available comparative cost schedules - I am advised that Mitsubishi Corp. (PC) (MSBHY) are the world leaders in Grid scale flow storeage - Do you agree ?

[dogrunner11] 07/5/2017 09:18

Pugs, irrelevant of winning this 1 hour contract or not which is ideally suited lithium BTW, goes to show they can produce a huge amount of batteries and fast, see deadline date. Also goes to show what they believe is viable, they wouldn't be bidding if they aren't competitive.

And this isn't part of the pipeline business, it's in addition.

Also confirms we are looking NOW to mass-produce, hold onto your hats it's about to get very exciting.

[pugugly] 07/5/2017 09:12

dog: Most interesting that they have received 90 expressions of interest - JUST indicates for me massive competition in this developing market place - Do you know of a peer reviewed schedule of competitive offerings weighted by lifetime cost per kwh including amortisation of cost of capital? Suggest that thsi is what is needed before making an invest or not invest decision.

[dogrunner11] 07/5/2017 09:05

Didn't Trout say Gen2 was a seeding scheme? It's a bloody big one!!