Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Could this be the way to kick start the flow battery business for Redt? See hTtp://renews.biz/111457/uk-jv-offers-free-storage/ " UK JV offers 'free' storage dated 14/06/2018. Thrive Renewables and Aura Power will launch a joint venture later today offering UK businesses the opportunity to use energy storage systems to cut electricity bills at no extra cost. The JV plans to install and operate batteries for medium and large energy users free of charge in return for a share of revenues. "
Jonathan Marren, now a non exec put a lump of his shares in a bed and breakfast sale and repurchase into a pension SIPP today according to a 1pm RNS today.
The share price has been just over 1 p when it was CCE ticker about 5 years ago, it also had a different ticker when floated in 2006, with cash on its balance sheet and assets. Share data is available from www.redtenergy.com from 2007 onwards. The peak price on the spreadsheet I downloaded was about 92p from memory. The average is 16.5 p I think. I look at the share performance from Feb 2018 date when the former board member John Ward, aka Alchemy investments signed a 12 month lock in agreement not to sell any shares in Redt and therefore now see his plans that as real factor in the share price over the next year or so.
Sbuild if we shareholders are to challenge his salary we need to recognise the accounts suggested that last year he only got 228k in 2017 with no bonus. Salary therefore decreased from 2016 figure including bonuses of £348k. ( about 100k in 2016 was bonuses. Regarding the share options , am I right in thinking that the revised options RNS were now all at 8p? I was not able to really understand the RNS properly.
Thanks for the gridwatch website information. Perhaps energy storage fans following Redt might also like this site that explores a couple of simulated low carbon scenarios for the gb grid with storage more solar and wind and more or the same nuclear. Go to http://www.mygridgb.co.uk Drax's www.electricinsights.co.uk also is worth a look. Three monthly it explores the growth in renewables etc on the UK grid, as well as graphical view of the grid including solar production estimates for the gb grid.
Could it be that posters on this and other boards are highlighting issues that will improve the governance and transparency of REDT or hastened the demise of the company? Perhaps the future of vanadium flow batteries companies is with miners. I see that gildermeister's (who were arguably number one outside of China) flow battery assets are now with a quoted Vanadium Uranium miner. Even my judicious purchases since Feb 2016 are underwater. My 8p with the open offer was the most I paid.
I guess this could be Redt or more likely Schmidt Group. https://www.renewableenergymagazine.com/energy_saving/siemens-gamesa-tests-redox-flow-battery-20180523
Hi closetttrader. This is the wiki source quoted...http://pubs.rsc.org/en/content/articlepdf/2013/ee/c3ee41973h
https://en.m.wikipedia.org/wiki/Energy_returned_on_energy_invested Search for energy stored on energy invested ( esoei) This is a better phrase than the one I used. Lead batteries and vrbs and lithium are in the table. Pumped hydro and caes win hands down in this assessment.
Hey what about this other scenario, which is also in my view more likely. The share price falls and the cash goes out of REDT rather more rapidly than anticipated due to sales, development and marketing push etc .The Directors think "gosh we better tap the institutions for a bit more cash to tide us over because no bank is going to at the moment" So they do. In my view the long-term problem for batteries is the enormous storage to cover variable renewables has a big long-term carbon footprint. Including redox flow batteries. From a Physics and Chemistry point of view gravity and heat appeared to be better ways of storing electricity for the grid as they have are likely to have a lower carbon footprint. Nevertheless I am a REDT to shareholder looking forward to be back in profit again very soon.
Well a placing of new shares about 10 percent discount of Thursday's close. Why did they not go for the open offer option too like they did in the December 16 raise? I suppose it is cheaper to get cash that way. No uptake by directors in the placing . I guess it is easier to get free shares as part of a performance package !!!. I hope they Redt can get real market sales with some margin . My guess is they will be back for more cash when bigger sales materialise.
It seems that good news RNS notices these days for RedT result in a share price boost followed by a slow fall to lower than the price before the RNS. A bit like the long terms effects of drugs in a drug user. However I am still hoping for a big surprise RNS to take this back over 8p too.
It looks like a thread I started has been deleted or is not visible . This is not the first time threads have disappeared on this Redt board. Perhaps it is easier to delete the thread than the offending posts. Any ideas anyone?
The onslaught of BMN investors of the Redt board in some kind of retaliation for whatever Bolgas has been doing seems to me rather unnecessary. Sbuild realised that things can easily go wrong when people are challenged and they don't seem to like what is said. The only positives I have had from the posts on Vanadium prices etc , from a Redt perspective is the storage benefits I.e kwh of the Redt offering can be dented by a high Vanadium price. Scott's pay has also been questioned in the posts and does seem rather high to me for a company in REDT s position. This is a CEO pay issue across the board in the UK and I guess elsewhere. My 2 year investment with Redt remains a risky bet. Energy Storage is a must for a lot of intermittent renewables in a electricity grid. But how much who knows? Simpler storage solutions using heat and gravity rather than chemicals I.e batteries are in my view the best ones, but in general new ones haven't yet got into commercial production. The huge UK pumped storage solution in the UK -Coire Glas with SSE is still waiting to proceed.
T-4 auction clears at record low price as battery storage underwhelms. Source hTTps://www.cleanenergynews.co.uk/news/storage/t-4-auction-clears-at-record-low-price-as-battery-storage-underwhelms. Perhaps anticipation of little battery capacity succeeding in the T4 auction, and the global share jitters and the "owenski" effect has all played their part on the Redt share slide.
hTTps://theenergyst.com/capacity-market-clears-under-10/ On the link it states that just 89MW of battery storage won the capacity in the T1 auction today. Not a lot there for REDT if indeed anything. Perhaps the short term sales famine we believe exists is impacting on the sales price. I have been in REDT for nearly two years. Many more Interconnectors with the continent planned and flexible gas look like they will kill the market in the UK for our products on the bigger scale. For the first time in 2 years I don't see this low share price as a buying opportunity.
The energy density of Lithium is greater than vanadium. Hence bigger machines for same amount of chemical storage.
In my view this battery is lithium ion. Looked at images of Tesla megabattery in USA. and my guess is that Redt battery would be about 4 times or more the size of Lithium ion. Any thoughts anyone?
FILE NUMBER DATE : 22/12/2017 KILKENNY COUNTY COUNCIL P L A N N I N G A P P L I C A T I Greener Ideas Limited P 11/12/2017 for development which will consist of the construction of a 100MW Battery Energy Storage System (BESS) with associated balance of plant, equipment and buildings including; a BESS building of 8m height, 82m length and 44m width (comprising on the ground floor a battery rack room, meeting room, Contractor/Storeroom, wet room, UPS room, switch gear room, WC, Transformer rooms, Inverter rooms; and on a mezzanine floor a HVAC/Store room); 2 no. 905m3 firewater storage tanks; an underground 830m3 surface water attenuation tank; an underground 1030m3 firewater retention tank; a 110KV electrical substation and control building of 5.2m height; an access and circulation road with new junction onto an existing IDA private road; footpath, 8 no. car parking spaces; landscaped berm wall up to 2.0m height and native tree and scrub planting, 3m paladin security fence; and all other associated site development works including surface water and foul drainage required to facilitate the developments IDA Purcellsinch Dublin Road Kilkenny 17/818
Well someone has to predict the lowest price, 11p is my guess. I think Redt will continue to take longer to get the big sales, so that is why I chose a low figure.