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RNS Number : 2361G
AIM
16 March 2020
NOTICE
16/03/2020 7:30am
RESTORATION OF TRADING ON AIM
RedT Energy PLC
Trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 16/03/2020 7:30am, an admission document having been published.
ORDINARY SHARES OF EUR0.01 EACH, FULLY PAID (B11FB96) (GB00B11FB960)
If you have any queries relating to the above, please contact the company's nominated adviser on +44 (0) 20 7597 5970.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
EXCKKABKOBKKQND
Trading to resume today
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200316:nRSP1854Ga
Getting this over the line in this environment , and at a premium, is pretty impressive
Oxford SuperHub
Might get a bit more info.........in the morning!!!!
Hybrid Battery
“Planning Permission for the battery was received in July 2019.
The main focus for 2020 is on the preparation of the Cowley site and the purchasing and installation of the Lithium ion and Vanadium flow batteries.
We expect construction to start in May 2020, with everything fully installed and connected by the end of the year.”
https://energysuperhuboxford.org/project-plan/
PC
S build, I found this whilst I was playing with my legit, mate.
https://news.energynetworks.org/news/how-britains-energy-networks-are-preparing-for-covid-19
Wasn’t it Monday coming 16th March ?
It totally depends on how the business place infrastructure operates during those two weeks. If they remain operating as per usual then of course there will be strains on the grid during peak periods (4.30-7pm on a weekday). If they turn off, however, then I don't envisage there being a strain on the grid. Grid constraint issues are about peaky loads and mismatching demand and supply, they are not about overall demand being high, unless there's a massive shutdown of a major power plant or an interconnector. Because everyone will be at home there are unlikely to be peaky demands (as far as I'm aware) because the mass of people sitting indoors all day will be quite steady and the grid can predict and accommodate this. I've said all this without looking at any evidence so I may stand corrected! And may regret the above within minutes of my research following this post! Just think it's naive to take that attitude SBuild, when the answer isn't actually obvious.
S build has a good point here. Check out Gridwatch website. This will place a completely different load flow on the system. There is very little spare generation, and battery storage technology is a long way from providing another source of power. Lets hope the sun shines and the wind keeps blowing
70million people at home at once? Hmm I wonder. Maybe you should stick to stickley bricks or lego mate.
Sbuild, why would there be strain on the NG if we all had to stay home for 2 weeks?
Just thinking about thing s and the meltdown and hysteria were witnessing. Imagine the strain on the national grid if we all have to stay at home for 2 weeks surely this product is proof we need to realign our focus on renewables and alternative energy. They really missed a trick originally with not trying to target the home market as well as vrfb could go into very high demand the way things are going .
Thank you
It was over 2 years ago when I last had a meaningful look into how it was all put together my knowledge reflects Gen 2 units, and at that time all parts were "off the shelf" rather that custom manufactured. At one time their units were manufactured by a small company in the UK (I forget their name) and it was alleged they would be partnering Jabil and utilising their plant in Italy. Jabil remain on Redt's website but I am not sure who manufactures their Gen 3 units (although I suspect the low volume sales may not be good enough to interest Jabil last year)
Thank you.
Good evening
I'm not invested here, but hold BMN and am very keen on the future of VRFBs.
Would anyone be able to share any information (or point me in the right direction) regarding Redts vrfb, do they manufacture the complete battery? Do they have other companies build parts/all of the battery? Which companies produces the electrolyte?
Thanks in advance.
PS. I will be looking to buy when re-listed, hopefully on Monday.
thanks for that alfa.
Well summarised. As it looks like from now on we are going to be on the same team you guys may wish to have a look over at these articles I wrote after visiting the energy storage europe conference last year ( I was due to be there today but something called covid cropped up)
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-414
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-415
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-416
yeah, wrong....in fact hydrogen and vanadium flow are part of a growing sector where the 2 solutions are now often being considered against each other (and sometimes alongside each other), depending on the size and scale of the project. Your analogy is wildly inappropriate and shows you don't understand at all how the equity market works. Right now storage generally is considered an inevitability. One forecast has the market for storage alone at near $1/2Trillion in 10 years, but no one can yet be sure which technology will dominate and then, which individual names will emerge. As a result, at the moment, the market is bidding up significantly ALL of the listed names of any consequence. A good example is Ballard Power in the US, which is hydrogen-based, and has been around, and significantly unprofitable, for over 20 years, yet the shares have gone up nearly 4x in the past year or so. When RED relists, with a real order book and backlog, a powerful argument as an alternative to hydrogen in certain circumstances - particularly in large-scale projects that favour Vanadium's long-lasting/non-degrading characteristics - and a clear path to EBITDA+ in a few years, and it will very much be measured by the market against the names I mentioned, none of which are near-profitable yet, but boast an AVERAGE market cap between 10 and 30x our mooted, post-fundraise market cap.
How are these the closest competition? That's the equivalent of saying; "compare this mango to an apple and a banana" Only comparison is they are fruit.
Hydrogen, fuel cells and flow batteries are very different things. Positive that they are building it but not a good idea to compare their market performance to what is happening here.
and look at how well our closest comparables, Ceres Power and ITM, have done, even with the market crash
Some really positive news.......in such a negative world situation!
“With notice granted, manufacturing of 5MWh of Vanadium Redox Flow Batteries (VRFBs) for the project can now commence.”
Hope relist is confirmed!
PC
Sorry, just seen the note in the last RNS about it being completed end of March 20. Pls ignore my last comment!
Anyone got any idea on the timeframe for this to be completed?
Sadly the article is flawed anyway as the price of Li-ion is not 300 but 150! Source:
https://spectrum.ieee.org/energywise/energy/renewables/what-energy-storage-would-have-to-cost-for-a-renewable-grid