Member Info for Bolgas

Much going on behind scene, personally extremely confident in where this is heading short and long term, I suspect we are soon in for transformational news, apart from contracts, serious foundations for moving business forward in all business areas that will generate serious returns and make market take notice of how serius a player this business is in a global market. It might not be this month or next, however it could all happen tomorrow, that is the pain we endure as investors, hopefully the rewards will make this waiting all worth while. Next industrial revolution is about to unfold, redT as market leader, put a price on that.

There is no info I can find on battery size for this truck, further it is not launched until 2019, whatever price is suggested will be based on many assumptions, including falling costs of battery, redT�s will also fall in same timeframe. The Australian deal was nowhere near these figures you mention. Lithium has been around for years, we are just setting out on commercial path, these two products compliment each other in energy storage terms, both need each other to be really successful.

Additionally we have just had a market entry into Asia, that is a huge sale with vast opportunity. We have had scott in Korea, he was not on vacation, another huge market that is one of the biggest short term. Further we have likes of these just following redT on twitter, I guess they are looking at other avaneues of business that may well include storage:- http://www.mahindra.com/business/clean-energy Rome was not built in a day, we are nearing Gen3 launch, personally rather in then out.

Tesla is not in same market place as redT, those who believe they are have not done any research. Tesla is for short duration and we are for long duration energy storage. Not looked at that Tesla Truck but even the market are not convinced by it. Putting this simply for renewables to penetrate 20% of grid Lithium is fine, for the grid to get near 70% plus they will need VRB, it will happen soon enough and with government changing rules in favour of VRB and penalising Lithium we are in a very strong position indeed. Sales are starting to flow in now, a snowball effect will soon take place and if they get costings down a little we could see a huge influx from various large corporates who will only need small margin of return to have these rolled out across their global footprint. Patient one indeed this, I still firmly believe we are in a very good position for key markets, UK, Australia and Asia, these are 3 of the biggest 7 markets near term.

Doubt that, wait and see.

Scott in South Korea:- https://mobile.twitter.com/Scott__McGregor/status/933579876577275905 You can see from the easy read chart how large Korea will be for storage next year alone:- http://reneweconomy.com.au/australia-lead-storage-boom-home-batteries-become-ubiquitous-22221/

Should be in teens now, not sub 10p, no value added here since it turned into redT from camco. Company needs promote itself better, last RNS was poor form, Scott did not even comment on a huge important sale.

They have been determined to drop this back to 8�s, personally I would like our broker to be dismissed.

Take cash in bank off market cap we have achieved nothing in two years. It is poor indeed from market.

Well nobody who bought during rise is selling at a profit, if John Ward did not shake out those weak sellers good news certainly is. Come on Scott, this just is not acceptable.

In fairness the company can only disclose what has been achieved, likes of our broker could be doing much more, personally if we fall back into 8's just before news I will be certainly emailing our CEO asking for a change of broker as that, on top of that Schroder buy, will stink beyond all acceptableness. Unfortunately as mere PI's we can only do our best to play the game against those City folk, it is however the responsibility of the company to ensure us PI's are treated fairly and more importantly are financially rewarded for our faith in this business. In my opinion today our broker seems be failing not only us but the company also, this price swing of 30% or more does not help anyone.

Further there is a bloomberg report out that says energy storage is set to boom in all countries with the biggest markets being UK, Germany and Australia which we have a good footing. Others being Japan, USA, China, South Korea and India, not bad progress in less then 12 months. What I would of liked is more details of those units sold into Asia, clearly they could have opted for our larger 60/300 units rather than 4 x 30/150 units, that would make me believe these are being tested in multiple locations rather than a stand-alone. Also Mr Market would of liked a little more information on who they had been supplied and what future revenues these could bring to the table, perhaps we will know more soon enough.

Competition in this market place is only going to be healthy for all concerned, there is going to be plenty of business for all over the coming years and we are well placed to take full advantage with our current schemes. ON the patent side we have many patents including one on a cooling system, there is no worries on that front IMHO. What is quite interesting today is one competitor mentioned in that article is targeting $400kWh by end of 2019, that is quite a way off what we are targeting and not a big improvement on where we are today: - " We believe RED�s flow battery is currently the lowest cost commercially sold product in the sector. RED currently manufactures its cheapest second generation product at US$496/kWh and it has a specific technology development programme in place (no blue-sky R&D) to drive this below US$300/KWh by the end of 2018."

In fairness one would of hoped for a little better share price then we have today, we have made good progress but there is pretty much nothing added to market cap as a result. Zero shareholder value for 2 years is not exactly rewarding those who have shown faith and commitment to the company, redT needs up their game.

All starting to come together for little redT: - Power bills will go up and energy supply will be less reliable unless Australia develops better storage systems, according to Chief Scientist Alan Finkel. Key points: Report emphasises batteries and other storage solutions including turbines and demand response are key to keeping costs down and maintaining reliability It also notes Australia could source 50 per cent of its energy from renewables by 2030 Energy ministers are due to meet this week to discuss Turnbull's National Energy Guarantee A new report from Dr Finkel's office and the Australian Council of Learned Academics (ACOLA) warns planning and investment are needed to prevent power costs continuing to rise and to shore up reliability. The reliability of renewable energy depends on energy storage, particularly on days when the sun does not shine or the wind does not blow. Storing the energy captured from renewable sources like solar and wind means suppliers are able to meet electrical energy demand at all times of the day. Dr Finkel has recommended in the past that all large-scale wind and solar generators in Australia should have energy storage capacity. In addition to battery storage, which today's report said was the most cost-effective way to strengthen energy security, it also listed alternatives including fast-start gas turbines, spinning reserves in wind turbines, demand response and load shedding measures. "As we have more and more penetration of variable renewable energy, solar and wind, then we're going to need storage to be a very important component of having a stable, secure and reliable grid," the report's lead author Bruce Godfrey said. "[That will also help to] enable the environmental benefits that come from low-emissions sources." The report estimates Australia will need to spend about $11 billion on storage before 2030 in order to provide a secure energy supply. http://www.abc.net.au/news/2017-11-20/energy-storage-needed-to-keep-bills-down-finkel-report-warns/9167610

On the BBC this evening, can view here from around 9:20, interesting they have just had a large advert in the farmers weekly that hits some 50,000, good endorsement indeed, well done redT. https://www.bbc.co.uk/iplayer/episode/b09fx81j/spotlight-evening-news-20112017

To a lithium battery, does not of course happen with a flow machine, another huge plus for our technology:- https://www.garda.com/crisis24/news-alerts/77816/belgium-battery-fire-and-toxic-smoke-in-drogenbos-november-11

Centrica are looking at that also, posted it the other day.

Forecast profit margin on Gen3 is 15-25% as per broker. Also from broker below, this is IMO all looking rather good, it would appear though we have a seller that has suppressed share price. Before you say "ahhhh a seller don't like what they see" then just think about Schroders buying over 5% just recently. There are always buyers and sellers for whatever reason, thing is fundamentals generally shine. "We believe RED�s flow battery is currently the lowest cost commercially sold product in the sector. RED currently manufactures its cheapest second generation product at US$496/kWh and it has a specific technology development programme in place (no blue-sky R&D) to drive this below US$300/KWh by the end of 2018."

To add from comments earlier today I see there is a recent solar farm opened in Siberia, sounds like a strange place to have a solar farm but in actual fact Siberia is an ideal place, whilst it is cold for winter the summers are very hot. Also whilst most here will not realise you cannot have sub 30oc with it being cloudy. It is also an unusually light place during winter, never gets dark like here in UK. Another unknown fact is Siberia is one of the wealthiest parts of Russia, with varying parts only dropping down to around -35oc during winter with other parts falling well below that, it is a huge continent, parts will be well suited to storage, others not. Those more colder areas are more for O&G industry anyhow. redT I am sure could make some valuable sales in these types of areas, although they will need a specialist team to do so. British banks are happy to lend big money for trade into these areas: - November 14 (Renewables Now) - Russian solar company Hevel on Monday announced the commissioning of a 10-MW solar park in the Republic of Buryatia, Siberia. The solar module manufacturer, a joint venture between asset management group Renova and government-owned technology company Rusnano, is the investor in the project and also carried out its construction. The photovoltaic (PV) facility is situated near the village of Bichur, eastern Russia, and is expected to produce over 14.5 GWh of electricity per year, saving 7,685 tonnes of carbon dioxide (CO2) emissions, Hevel calculates. The Russian company started building the facility in May and completed works on schedule. It used 70% locally-made equipment.