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Redt Energy Alliance News (RED)



Alliance News for Redt Energy (RED)


Share Price: 1.35Bid: 1.30Ask: 1.40Change: 0.00 (0.00%)No Movement on Redt Energy
Spread: 0.10Spread as %: 7.69%Open: 1.35High: 0.00Low: 0.00Yesterday’s Close: 1.35




RedT Energy Signs Partnership Contracts To Move Into New Markets

Mon, 18th Sep 2017 09:30

LONDON (Alliance News) - RedT Energy PLC said Monday it is moving into international new markets after signing partnership contracts to place redT energy storage machines and to provide maintenance and after-sale care for customers.

The contracts include agreements in central and eastern Europe and in south-east Asia. It has agreed to make an initial commitment of 12 units on top of its existing total of over 300.

RedT said the move will enable it to expand "rapidly" into these new markets alongside "experienced and well respected" partners.

The company also said it has made two senior hires, with Bengt Stahlschmidt joining as global business development lead and Adam Whitehead joining as research principal.

Both are moving to redT from Gildemeister Energy Solutions GmbH, where Stahlschmidt and Whitehead held positions as head of global sales and head of research respectively.

RedT's Chief Executive Officer Scott McGregor said: "We are pleased to have attracted industry experts of the highest calibre in Bengt and Adam to join redT. We have now assembled world class commercial and technical teams at redT, which combine the best talent from two global leaders in the vanadium energy storage space."

"RedT's low cost vanadium energy storage machine is proving a very attractive solution for experienced developers in the energy storage market. We welcome our new partners and look forward to providing solutions to their customers in the near term," McGregor added.

Shares in redT were up 26% to 9.6 pence on Monday.

By George Collard; georgecollard@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

Alliance News


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