RedT Energy PLC Update on testing at PNDC (0125J)
September 06 2016 - 2:00AM
UK Regulatory
TIDMRED
RNS Number : 0125J
RedT Energy PLC
06 September 2016
6 September 2016
redT energy plc
("redT" or the "Company")
redT energy storage machines tested successfully at PNDC
redT energy storage machines cleared for final phase of Isle of
Gigha project
redT energy plc, the energy storage technology company, is
pleased to announce the successful conclusion of G59 pre-testing of
its 15kW-240kWh energy storage machines, currently located at the
Power Networks Demonstration Centre ("PNDC") in Cumbernauld,
Scotland.
The testing programme was conducted by Scottish and Southern
Energy plc ("SSE") at PNDC, and focussed on the ability of the
units to be safely implemented on the Isle of Gigha. Having
completed this phase, redT will now begin the process of installing
and commissioning the system on the island. Once installed, in-situ
testing can then take place and once this stage has been completed,
the 1.68MWh system can be fully commissioned on the island's grid
where it will be used to manage grid constraints associated with
four community owned wind turbines.
These redT energy storage machines are the first contract
manufactured, containerised, large scale vanadium flow machines
that have been deployed globally and this represents an important
step towards cost efficient, industrial scale energy storage.
Technology such as this enables the full potential of renewable
energy to be unlocked at all times, using a machine that will not
degrade like conventional batteries, and will last the lifetime of
a wind or solar farm.
Scottish Minister for Business, Innovation and Energy Paul
Wheelhouse also visited the site yesterday. During the visit, he
highlighted the critical importance of industrial scale energy
storage within the UK and the crucial role this technology will
play in the development of a flexible, secure and low carbon energy
system.
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."
David Rutherford, CEO, Power Networks Demonstration Centre,
said:
"Storage offers the potential to smooth out the fluctuations of
renewable energy electricity production. Flow machines like the one
being demonstrated by redT provide some unique characteristics for
the evolving market place. In half a decade, these technologies
will be embedded features of our energy market."
Enquiries:
+44 (0)207 121
redT energy plc 6100
Scott McGregor, Chief Executive Officer
Joe Worthington, Investor & Media Relations
+44 (0)207 220
finnCap Ltd (Nominated Adviser and Broker) 0500
Julian Blunt (Corporate Finance)
Tony Quirke (Corporate Broking)
Celicourt (Financial PR)
Mark Antelme +44 (0)20 7520
Joanna Boon 9266
Notes to Editors:
About The Power Networks Demonstration Centre
The Power Networks Demonstration Centre (PNDC) was conceived by
the Institute for Energy and Environment, within the Electronic and
Electrical Engineering Department at the University of Strathclyde
in Glasgow. With 200 staff and researchers, the Institute is one of
the largest electrical power engineering and energy technology
university research groups in Europe, with a GBP35m portfolio of
activities. The PNDC has the support of two of the UK's leading
energy companies - Scottish Power and SSE - as founding partners,
as well as the support of Scottish Enterprise and the Scottish
Funding Council.
About redT energy
redT energy develops and supplies durable and robust energy
storage machines based on proprietary vanadium redox flow
technology for on and off-grid applications. The liquid storage
medium affords an exceptionally long life of over 10,000 full
charge/discharge cycles and a 100 per cent. usable depth of
discharge. Combined with low maintenance requirements, this
delivers industry leading levelised cost of storage (LCOS) and
total cost of ownership (TCO) results. The modular approach allows
the power and energy components of systems to be independently
sized to meet customer requirements.
Until now it has not been possible to directly compare variable
renewable energy generation sources with firm diesel or fossil fuel
generation. PV + Storage is now reaching 'grid parity' in many
countries, a paradigm shift in energy production, which will
ultimately enable a distributed energy network optimising
conventional and renewable generation. The redT energy system has
applications in remote power, smart grids, power quality, and all
aspects of renewable energy management.
To find out more about redT products or to register your
interest in purchasing an energy storage machine please go to the
below web address:
http://www.redtenergy.com/register-interest
For sales enquiries, please email enquiries@redtenergy.com or
call +44 (0) 207 061 6233
This information is provided by RNS
The company news service from the London Stock Exchange
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