redT energy - Update on German Grid Project Funding
RED Tue, 18 Sep 2018, 12:05pm 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.
Scott McGregor, CEO of redT energy, the energy storage solutions company, discusses the announcement that they have received a conditional commitment letter from an energy infrastructure fund to invest, together with its partners, approximately €37m for 100% financing of the first project to be deployed of a total 700MWh portfolio of grid-scale energy storage projects in Germany.