Business
Energy Superhub Oxford Project Update
Energy Superhub Oxford Project Update.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \n \n RNS Number : 3542F\n RedT Energy PLC\n 09 March 2020\n \n \n \n \n This announcement contains inside information\n \n \n \n \n \n 9th March 2020\n \n \n redT energy plc\n \n \n \n \n \n (\"redT\" or the \"Company\")\n \n \n \n \n \n Energy Superhub Oxford Project Update\n \n \n Manufacture of 5MWh of flow batteries to commence, Vanadium partnership with Bushveld\n \n \n \n \n \n Further to the announcement dated 22 July 2019, redT energy plc (AIM:RED), the energy storage solutions company, is pleased to announce that the Company has received a provisional notice to proceed from Pivot Power, an EDF Renewables company, in respect of the Energy Superhub Oxford Project. With notice granted, manufacturing of 5MWh of Vanadium Redox Flow Batteries (VRFBs) for the project can now commence.\n \n \n \n \n \n In line with previous announcements, 2MW, 5MWh of Vanadium redox flow batteries will be hybridised alongside a large Lithium-ion system, provided by pan-European technology group Wärtsilä to create what will be the world's largest example of a lithium-ion / flow battery hybrid energy storage system and the UK's largest single deployment of flow batteries. The provisional notice to proceed was granted following satisfaction of a number of conditions including: the grant of planning permission, site surveys and preliminary contracting and procurement activity.\n \n \n \n \n \n Energy Superhub Oxford (ESO) is a world-first project showcasing rapid electric vehicle charging, hybrid battery energy storage systems, low carbon heating, and smart energy management to support Oxford City Council in its journey to net zero. The 3-year, £41 million multi-partner project part-funded by the UK government's Industrial Strategy Challenge Fund is a pioneering model for the rapid decarbonisation of power, transport and heat in cities across the UK and worldwide. \n \n \n \n \n \n For more information about the project visit: \n \n http://www.energysuperhuboxford.org/\n \n \n \n \n \n \n \n redT is further pleased to announce that the Company has concluded an \n agreement with AIM-listed integrated vanadium producer Bushveld Minerals (\"Bushveld\") to create a vanadium financing partnership (the \"Partnership\"), which the Company intends to utilise to provide the vanadium electr...