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1MWh energy storage project goes live
1MWh energy storage project goes live.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 6767H RedT Energy PLC 19 November 2018 \n\nThis announcement contains inside information\n \n19 November 2018\nredT energy plc\n \n(\"redT\" or the \"Company\")\n \nAustralia's largest C&I energy storage system goes live\n1MWh hybrid redT system now operational at Australia's largest university\n \nredT energy plc (AIM:RED), the energy storage solutions company, is pleased to announce that its 1MWh vanadium flow / lithium-ion hybrid energy storage system is now installed and operational at a site in Melbourne, Australia. \n \nSituated at Monash University, the system is the largest behind the meter C&I (Commercial & Industrial) energy storage system to be installed in Australia and the first of its type to be commissioned worldwide. Comprising 900kWh (12 tank units) of vanadium flow machine technology, coupled alongside a 120kW C1-rated lithium battery, the system is located on the roof of the University's new Biomedical Learning and Teaching Building at Monash's largest campus in Clayton, Victoria.\n \nredT's energy storage solution sits at the heart of a pioneering microgrid, storing and dispatching energy from multiple sources, including 1MW of solar panels. By utilising the complementary strengths of two storage technologies, the hybrid system will act as a flexible platform, integrating with building management systems and EV charging stations whilst enabling cutting-edge \"peer-to-pool\" energy trading. This project is a core part of the University's Net Zero Initiative, an ambitious, unprecedented project which aims to completely transform how the university uses energy with a target of reaching net zero carbon emissions by 2030.\n \nThe Australian energy storage market is estimated to be worth approximately AUS $30bn by 2030 with almost 400MWh of energy storage projects estimated to be installed in behind-the-meter C&I applications nationwide by 2022 according to industry consultants Delta-ee. \n \nThe Company is currently in the process of organising site visits for interested parties including media - for further information, please send an email to [email protected] \n \n \nScott McGregor, CEO of redT said:\n \n\"Energy storage unlocking low cost renewables will bring about a significant reduction in energy costs...