Redt Energy Share Discussion Threads

[ch1ck] 24/7/2017 08:47

The reason for accelerated buying today is the announcement on the BBC that there has been a statement by Greg Clark the Secretary of State For Business, Energy and Industrial Strategy has announced investment in battery technology of £246 million in Britain.This includes funding of £45m competition.See the guardian article

[dogrunner11] 24/7/2017 08:46

We have news soon on centrica, that will be massive publicity

[cheek212] 24/7/2017 08:44

Just done my bit to add to the buying spree.

[crystball] 24/7/2017 08:44

I have bought in this morning. Thanks to those who brought my attention to this company. Lots on radio 4 this morning.

[dogrunner11] 24/7/2017 08:43

Whoever propped up share price shedding a few imo, will soon bounce up

[iglenn] 24/7/2017 08:34

Agreed. What's brewing. A large sell hiding away ?

[cheek212] 24/7/2017 08:32

MMs holding the price back!! Buys are flooding in.

[iglenn] 24/7/2017 08:23

Buys flooding in this morning yet no movement ?

[iglenn] 24/7/2017 07:48

Good articles and posts. LSE board also got some good pointers as to where this can head. Cmon Scott. We are close. Very close.

[dlg3] 24/7/2017 00:15

Energy storage ‘will wipe
out battery storage’
There are quick bucks to be made from battery storage, but in three or four years, many assets will
be in the bin, reckons redT chief Scott McGregor. He claims sustainable energy storage that can
handle multiple functions for decades without degrading is now viable. Brendan Coyne reports

[dlg3] 23/7/2017 21:40

That is why today I am announcing the establishment of the Energy Innovation Board. Chaired by Sir Mark Walport, the Government’s Chief Scientific Adviser, and reporting to the Prime Minister, the Board will bring together all the different parts of Government funding energy innovation and ensure they are working together


UK government announces over £28 million in funding for energy storage and innovation projects
by BPVA on 26 January 2017

Several UK start-ups and businesses, which are starting to rollout and commercialise energy storage technologies, including Moixa, a provider of behind-the-meter home storage systems, Highview Power and REDT, have been beneficiaries of previous funding competitions to support R&D in the field.

Delegates attending the Electricity Storage Network’s Annual Symposium in Westminster on 25 January were told of the funding by BEIS’ Sally Fenton, soon after the official announcement.

The general consensus during the symposium was that while government funding has been crucial in supporting early stage energy storage R&D projects and pilots, the real challenge is for the government and the regulator Ofgem to address policy and regulatory barriers still standing in the way of market-led deployment of commercially viable energy storage technologies, across the transmission and distribution (T&D) system.

The competitions form part of the government’s commitment to double support for energy innovation, up to £400 million per year in 2021.

[dlg3] 23/7/2017 21:29

This is where foresight comes in.

My colleague the secretary of state for business, energy and industrial strategy, Greg Clark, outlined the principles of that strategy recently.

And for today as well as highlighting the importance of innovation in that strategy, he made a point in that speech which strikes a chord today. He talked of how in our society, we need to have an upgrade culture: our phones, our computers, our industrial processes – they’re all subject to regular upgrades and this is a feature of the digital economy.

He talked about it being time for our country to have an upgrade, one that puts it in a good place to tackle problems when they occur.

For me, it is crucial that the market and structures which support the new technologies I’ve been speaking about today are fit for purpose now and regularly upgraded in the future. I know from my business experience that implemented change is very important.

So we are actively supporting the UK storage industry through our innovation programme.

Over the last six years, the government and other public bodies have committed more than £65m to energy storage research, development and demonstration, because that’s important too.

Ofgem have provided more than £100m to the UK Distribution Network Operators who help test energy storage in conjunction with solar arrays.

And in the 2016 Budget, the Government committed at least £50m of funding to support innovation in demand-side response, which I was touching on earlier and am very interested in, in storage and in smart technologies.

We are focusing on developing our Smart Innovation programme to use this funding. We want to support technologies where there are clear market failures and programmes where intervention will have the greatest impact, particularly on meeting our climate change and energy objectives.

We will be seeking your views on the options in the months ahead. Please give us feedback, you have a lot of expertise which I can see today.

We have seen some great success stories.

Moixa has developed their Maslow domestic battery system, assembled in Hastings and that provides grid support services delivering cost savings for consumers.

Connected Energy, who I think are here today, received funding for their well-named Everest Project. It will demonstrate how recycled batteries from electric vehicles can provide storage solutions for the distribution grid; which we need, to help manage the output from renewables and support the rapid expansion of electric vehicles which looking forward are going to become a much more important industrial dynamic.

The UK enterprise redT has recently supplied 40kWh flow battery systems to E.ON who I met this morning and other UK and international customers.

[chicken01] 23/7/2017 15:44

Article doesn't state what king of batteries or who they are from...

[dogrunner11] 23/7/2017 14:22

Good article tonsil

[alchemy] 23/7/2017 13:11

I don't mind him confusing batteries with engines! Good find.

[dogrunner11] 21/7/2017 20:44

It's a lot if you add in the previous days.

[pugugly] 21/7/2017 19:46

Buying now at less than last float - 500,000 at 7.6925 = £38,462.5. Not a lot of cash in the overall scheme of things -

[backdoorbill] 21/7/2017 17:56

Somebody is clearly loading.

Have a good weekend all.

Chas

[dogrunner111] 21/7/2017 16:13

For fock sake! Come on guys, get those spread betting accounts ticking!

[backdoorbill] 21/7/2017 11:40

Excellent post from our Bolgas:-

It will all happen very soon IMHO, once we get one large order it will kickstart others, we have a huge increasing pipeline of business and an impressive pending customer selection.

Interesting read anyhow from today:-

In the mining sector if one hangs around long enough, that which was once a subject of excitement and then fell from favour eventually comes around again. In the case of Rare Earths though one had to wait from the 1960s until the early 2000s to see them return as a talking point.Last decade Vanadium surfaced as a subject of interest primarily tied to the fortunes of the then-booming steel industry. Now Vanadium is coming back with a vengeance for its potential in mass electricity storage devices, namely the Vanadium Redox Battery (or VRB). At the recent Natural Resources Forum event at the London Stock Exchange, which I attended, the guest speaker was Robert Friedland and he was in a Vanadium-induced ecstasy. Never could we have imagined the metal having such a euphoric effect. In any case it gave the Friedland imprimatur to a metal which most metals watchers have rarely paid any attention to due to it (largely) being a by-product of other mining and curiously of the petroleum refining industry.It was not just Friedland though that has latched onto this bandwagon as we have heard Vanadium name-checked at a number of recent events recently as the next best thing now that Lithium has somewhat done its dash with promoters overcooking the soufflé.

Chas

[parsons4] 21/7/2017 11:22

Thanks Iglenn !!!