11 Aug 2016 11:02
redT energy plc
("redT" or the "Company")
Holdings in Company
The Company announces that it was notified yesterday that Anthony Millar is now interested in 18,927,017 ordinary shares in the capital of the Company representing approximately 4.04 per cent. of the Company's issued share capital.
Enquiries:
redT energy plc
+44 (0)20 7121 6100
Scott McGregor, Chief Executive Officer
Joe Worthington, Investor & Media Relations
finnCap Ltd (Nominated Adviser and Broker)
+44 (0)20 7220 0500
Julian Blunt (Corporate Finance)
Tony Quirke (Corporate Broking)
Celicourt (Financial PR)
Mark Antelme
Joanna Boon
+44 (0)20 7520 9266
About redT energy
redT energy develops and supplies durable and robust energy storage systems based on proprietary vanadium redox flow technology for on and off-grid applications. The liquid storage medium affords an exceptionally long life of over 10,000 full charge/discharge cycles and a 100 per cent. usable depth of discharge. Combined with low maintenance requirements, this delivers industry leading levelised cost of storage (LCOS) and total cost of ownership (TCO) results. The modular approach allows the power and energy components of systems to be independently sized to meet customer requirements.
Until now it has not been possible to directly compare variable renewable energy generation sources with firm diesel or fossil fuel generation. PV + Storage is now reaching 'grid parity' in many countries, a paradigm shift in energy production, which will ultimately enable a distributed energy network optimising conventional and renewable generation. The redT energy system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.
To find out more about redT products or to register your interest in purchasing a unit please go to the below web address:
http://www.redtenergy.com/register-interest
For sales enquiries, please email enquries@redtenergy.com or call +44 (0) 207 061 6233