redT energy - Deal for 700MWh of German grid projects
RED Fri, 27 Jul 2018, 08:30am BST
The redT energy storage solution is based on vanadium redox flow battery technology, which redT have refined over the past 10 years. The long lasting nature and high depth of discharge capabilities make the redT energy Storage System ideal for a range of applications including renewables, island generation and telecommunications.
redT energy plc, the energy storage solutions company, has announced that they have signed an exclusivity agreement with Energy System Management GmbH (ESM), a German energy development company, part of WWF solar, to deliver two 40MWh grid-scale energy storage projects in Germany as a first phase deployment. Scott McGregor, CEO, discusses the significance of the deal for the energy storage industry, and what it means for redT investors.