20 Apr 2016 07:00
20 April 2016
redT energy plc
("redT" or the "Company")
Notice of Results
redT energy plc ("redT energy" or the "Company"), the energy storage technology company, announces that its Full Year Results for the period ended 31 December 2015 will be released on Tuesday 26 April 2016.
Following the announcement of Results, the management team will host a presentation for analysts on the day, and a conference call for investors on Wednesday, 27th April. To register interest, please contact Jimmy Lea at jlea@celicourt.uk or on +44 (0) 207 520 9261.
Enquiries:
redT energy plc | +44 (0)207 121 6100 |
Scott McGregor, Chief Executive Officer | |
Joe Worthington, Investor & Media Relations | |
finnCap Ltd (Nominated Adviser and Broker) | +44 (0)207 220 0500 |
Julian Blunt (Corporate Finance) | |
Tony Quirke (Corporate Broking) | |
Celicourt (Financial PR) Mark Antelme Joanna Boon Jimmy Lea | +44 (0)20 7520 9266 |
About redT energy
redT 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% 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 system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.