Business
Board Change
Board Change.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 6786U RedT Energy PLC 26 October 2017 \n\n \n26 October 2017\n \nredT energy plc\n \n(\"redT\" or the \"Company\")\n \nBoard Change\n \nredT 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. \n \nDr Jeff Kenna, Chairman of redT said:\n \n\"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\". \n \nEnquiries:\n \n\n\n\n\nredT energy plc\n\n\n+44 (0)207 121 6100\n\n\n\n\nScott McGregor, Chief Executive Officer\n\n\n\n\n\n\n\nJoe Worthington, Investor & Media Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCenkos Securities plc (Nominated Adviser & Broker)\n\n\n+44 131 220 9100\n\n\n\n\nDerrick Lee \n\n\n\n\n\n\n\n \nVSA Capital (Investor Relations Advisor)\nAndrew Monk\n\n\n \n+44 (0)203 005 5000\n\n\n\n\n\n\n\n\n\n\n\n\nCelicourt (Financial PR)\nMark Antelme \nJimmy Lea\nOllie MIlls\n \n\n\n+44 (0)20 7520 9266\n\n\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors\n \nAbout redT energy\n \nredT 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.\n \nUntil 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 machi...