Redt Energy Share Discussion Threads

[dlg3] 24/7/2017 10:49

Speech by Baroness Neville-Rolfe, Minister of State for Energy and Intellectual Property, at Clean Energy Live, Birmingham NEC And UK enterprise redT has recently supplied 40kWh flow battery systems to E.ON who I met this morning and other UK and international customers. I believe these technologies must be encouraged and supported, so that more of us can benefit from disruptive changes. That is why we will shortly publish a call for evidence on a smart systems routemap, including sections on storage and innovation. We will need your help in choosing the solutions that work best for the industry and for consumers and communities. Full report here....

[dogrunner11] 24/7/2017 10:42

Centrica project.... this will put storage at forefront, launch the £19 million project which we are largest participant will get rocket going. Even better if they close a few deals, this will certainly help push those pending sales into cash in our bank.

Ch1ck, don't use L2 these days, but I can assume seller cleared.

[dlg3] 24/7/2017 10:39

How come? Energy adviser to FOE Cymru, Neil Crumpton, explains ‘The existing Grid regulations require two circuits in the link, each of which could carry the maximum output of all the wind farms, to avoid lost production if there is a fault in one or other of the circuits. Yet, load-duration data from a group of wind farms in southern Scotland indicates that the farms generate around 95 % of their annual electricity production at below 66% of their maximum output. So for the wind regime in that region a 66 MW circuit from a 100 MW wind farm would still transmit around 95 % of annual production. The wind profile in Mid Wales may well be similar. So the proposed 800 MW or so of wind farms may well be served by 2 x 500 MW links rather than 2 x 1,000 MW links with little loss of production during faults of several weeks a year on one or other circuit. If so, the HVDC hardware and undergrounding cost might be nearly halved.’

FOE Cymru says an energy storage facility at or near the upland sub-station could minimise production losses during a fault by delaying transmission until the wind eases and link capacity becomes available. Storage would also ‘bring wider system benefits in terms of routine demand-responsive supply to Grid and power quality improvements’. The group suggest using vanadium flow cell technology or ABB’s battery system which could scale to 50 MW for an hour or more.

[tonsil] 24/7/2017 10:32

I liked the following bit of the above report - it shows the investment in sales and marketing is starting to pay off

However, RED has 265 tank unit modules in final stages of customer selection, up from 101 indicated only three months ago with the final 2016 results and active customer enquiries increased to €314 million.

[tonsil] 24/7/2017 10:31

not sure if this was reported so here goes

[alchemy] 24/7/2017 10:25

Free marketeers might say the Government is doing what the Private sector does best. And shouldn't.Some might say here is a welcome nudge.Have Redt plus the solar guys and these inverters and whatever really already achieved what our government in ignorance is hoping to achieve.I recall what an MD of a British computer company once said, "orders not crutches". Good man eh? Not sure what my own balanced view is yet. Only sure " the switch " is happening.

[pierre oreilly] 24/7/2017 10:16

The price is up a bit because the risk has just lowered a notch. The gov pumping a bit of cash into storage has ensured that.Once the gov have it explained to them that what the country needs isn't more generation but more firm generation with frequency support capabilities, then even more cash will get diverted from intermittent subsidies for windmills and the like, into systems which correct for the deficiencies intermittent generation causes, and storage is part of that.Subsidising floating windmills built by the most expensive country in the world and situated off Scotland, which has electricity coming out of its ears already, is just so stupid only our government would subsidise it.

[ch1ck] 24/7/2017 10:01

Dogrunner What make you say that? The bid price is still at 7.75p. Do you have level 2?But I agree we are starting to move.I have reread the last trading statement and it looks very promisingScott McGregor, CEO, commented:"redT, through its determined and patient approach to developing its business, now finds itself positioned at the forefront of the flow energy storage machine sector. Experienced customers now understand the benefits of energy technologies such as redT's flow machine over short-lived power-focussed batteries. As a Company, we are well placed to capitalise as the rest of the market begins to fully understand how to utilise energy storage.The Company is focusing on delivering its key projects this year which include installation of the largest energy storage project in Cornwall, pursuing short term orders and building its orderbook for 2018.

[tonsil] 24/7/2017 09:59

just bought at 8.07p still low given the buy volume - seller must be in the 'dark' market

[dogrunner11] 24/7/2017 09:45

Seller cleared, push back to 10p

[ch1ck] 24/7/2017 09:13

The competition announced today is to promote British expertise in the is area. There are a lot of new ideas for battery but they are in labs and universities. RedT is 10 years ahead of them in terms of R and D and have contracts and manufacturing in place with some large companies.My only concern is the lack of awareness in the public domain for this technology. RedT should be pushing this in the press a lot more.Still a great time to load up this will be above 12p quite quickly.There must be a substantial overhang of shares to keep the price down with such large news coverage and buying. Quite strange.

[gerryjames] 24/7/2017 09:11

They're sells. They'll buy 150k online for 7.815. Not looking like a seller now? L2 stuck mind. Ah, Just moved 1v2

[owenski] 24/7/2017 09:09

Cheers Iglen, I still have reservations about where REDt are in the uptake curve and believe the word 'slow' still presents a problem, however, the market for energy storage - non battery - looks a given to be a disruptive technology and either way, REDt do have a large potential order book which although is not a guarantee, it would be reasonable to conclude that a fair portion of that will convert.
Happy to try a position at sub 8p rather than 10 or 12p anyway.

[mrphiljones] 24/7/2017 09:01

Good two way trade IMHO.....buy just above mid suggests they have stock....:-)

[iglenn] 24/7/2017 08:59

Good luck owenski. I think your timing could be nigh on perfect.

[dogrunner11] 24/7/2017 08:57

If we get some press on Centrica deal the penny will drop and this will explode

[owenski] 24/7/2017 08:57

Can buy well inside the spread still.

Took a few as the 'noise' is mounting re. energy storage. Think the downside is getting priced in here, worth a punt to see how it plays out.

Hope that's not annoyed too many of the rampers on here lol.

[cheek212] 24/7/2017 08:55

I see Sky have picked up on the DM article today so a wider audience. Shame they don't clarify what tech these batteries/machines are likely to use but given our links with this governmental department, you would hope they are fully up to speed with the benefits of vanadium.

[ch1ck] 24/7/2017 08:53

Unable to buy via Selftrade direct and have to go via a dealer .

[dogrunner11] 24/7/2017 08:52

Thinking same cheek, this will be on news all day

[cheek212] 24/7/2017 08:51

Great buying opportunity though before she blows

[iglenn] 24/7/2017 08:50

Unreal. Theses buys are steaming in. This has got to pop up by 10 %

[gerryjames] 24/7/2017 08:50

5v2 for ages, 120k v 50k looks like a seller. But who knows.

[ch1ck] 24/7/2017 08:48

Does anyone have level 2?

[cheek212] 24/7/2017 08:48

I can't believe the price hasn't changed! Huge buying compared to normal days - a large sell bound to pop up at some stage.