20 Oct 2014 07:00
20 October 2014
RNS Reach
Camco Clean Energy plc
("Camco" or "the Company")
Official launch of European Commission's PVCROPS project including REDT battery
Camco Clean Energy plc (AIM:CCE), the clean energy and energy storage company, and REDTenergy are pleased to announce the official launch of the European Commission's PV CROPS project which includes the successful implementation of an REDT 60kWh battery alongside a 6.6kW PV array. The formal inauguration of the system was marked by a ceremony in Evora, Portugal, attended by the Portuguese Government's General Director of Energy and Geology and other members of the PV CROPS project. This represents an important step for REDT in proving the successful operation of its battery coupled with PV generation.
The objectives of the PVCROPS project are to develop improved management, efficiency and cost reduction for renewable energy generated from solar PV installations. While today marks the official launch, the Evora system has been in operation at the University of Evora for the past 12 months, and has been successfully running though various system configurations.
Scott McGregor, CEO of Camco Clean Energy, said: "We are delighted to be taking part in this project showcasing how storage and PV combined provide a disruptive technology solution. Together these technologies are set to revolutionise the energy market over the coming years. The REDT battery is ideal for integration with solar projects as its long storage durations and deep depths of discharge allow the battery to store enough energy to time shift solar power for use at night."
The battery is designed to deliver a high quality 2kW load for 2 to 3 days during periods of low solar output. The 60kWh REDT Battery installed at the agriculture and animal husbandry campus in Valverde, just outside Evora is being used to store energy produced by the PV array and results from the project show that the battery has been delivering a high charge/discharge voltage efficiency of 81%.
For more information about the launch and the system please see http://www.camcocleanenergy.com/case-studies/energy-storage-integrated-with-pv
For more information on PVCROPS visit www.pvcrops.eu
Enquiries:
Camco Clean Energy plc +44 (0) 207121 6100
Scott McGregor, Chief Executive Officer
Jonathan Marren, Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker) +44 (0) 207 496 3000
Andrew Craig
Ben Wright
Newgate Threadneedle +44 (0) 207 653 9850
Josh Royston, Hilary Buchanan, Edward Treadwell
About Camco Clean Energy
Camco Clean Energy plc (AIM: CCE) is a clean energy development company which combines technical and commercial expertise to finance, develop, and operate renewable energy projects and storage technology.
With 25 years of experience and an outstanding track record throughout Asia, North America, Africa and Europe, Camco works with local developers, governments, development banks, and private investors to implement clean energy projects, policies, and technologies and reduce emissions.
In the last year, Camco has developed utility scale biogas plants in the US, secured an investment advisory fund mandate for African renewables, and brought an advanced energy storage technology to market (REDTenergy).
About REDT
REDT has developed a new and proprietary energy storage technology which enables the efficient and sustainable storage of electrical energy in liquid form. The multi-valent properties of the Vanadium Redox electrolyte are used to provide a storage medium of virtually unlimited life with a system able to last more than 10,000 deep charge/discharge cycles. Combined with its very low maintenance requirements, REDT systems are able to deliver some of the lowest Total Cost of Ownership (TCO) results in the industry, Long discharge durations are achieved by the simple addition of extra electrolyte capacity at a relatively low marginal cost.
Until now it has not been possible to directly compare variable RE generation 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 the complete displacement of conventional fossil fuel power with renewable generation. The REDT system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.