Board Change

26 October 2017

redT energy plc

("redT" or the "Company")

Board Change

redT energy plc (AIM:RED), the energy storage technology company, announces that John Ward has decided to step down from the board and as a director of the Company, effective immediately, due to personal reasons. 

Dr Jeff Kenna, Chairman of redT said:

"We thank John for the contribution he has made to the board over the past 2 years, and wish him all the best for the future".

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Notes to Editors

About redT energy

redT energy develops and supplies durable and robust energy storage machines based on proprietary vanadium redox flow technology for on and off-grid applications. The liquid storage medium affords an exceptionally long life of up to 25,000 full charge/discharge cycles and a 100 per cent usable depth of discharge. Combined with low maintenance requirements, this delivers industry leading lowest 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 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 storage machine 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 an energy storage machine please go to the below web address:

http://www.redtenergy.com/register-interest

For sales enquiries, please email enquiries@redtenergy.com or call +44 (0) 207 061 6233