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Launch of Gen 3 energy storage machine
Launch of Gen 3 energy storage machine.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 9233R RedT Energy PLC 20 June 2018 \n\nThis announcement contains inside information\n \n20 June 2018\nredT energy plc\n \n(\"redT\" or the \"Company\")\n \nLaunch of Gen 3 energy storage machine\nOrders now being taken for next generation product\n \nredT energy plc (AIM:RED), the energy storage solutions company, today formally launched its third generation (\"Gen 3\") flow machine at eeS Europe in Munich, Europe's largest and most international exhibition for batteries and energy storage systems.\n \nFeaturing a new, proprietary system design, with multiple patents filed, this new product offers improved charge/discharge characteristics and increased efficiency within a more compact format. redT's Gen 3 machine has been specifically engineered as a high performance, distributed energy infrastructure asset. Designed to unlock low cost, renewable energy for commercial customers, utility scale grid projects and off-grid operations, the Company's Gen 3 offering utilises unique, technical functionality embedded in its design to achieve maximum performance and financial returns for customers. \n \nredT's Gen 3 product achieves technical superiority within the energy storage industry and delivers best in class IP within the field of flow technology. These machines are optimised for industrial applications requiring 100kW to 2MW of power and 4 to 6 hours energy capacity. This makes the technology ideal for coupling with renewable assets including solar, wind and tidal to maximise customers' use of cheap renewable energy and reduce energy costs significantly. \n \nThe Gen 3 product also has specific designed functionality integrated within the system to enhance grid scale storage returns for energy trading and grid services whilst delivering a fully flexible asset for investors. When coupled with Lithium as a hybrid energy storage asset, it allows customers to protect Lithium batteries from degradation and extend their life. redT's grid storage solutions are for large, megawatt-scale projects for system sizes from 10MWh up to 50MWh.\n \nThe company is now taking orders for Q4 2018 delivery onwards.\n \nScott McGregor, CEO of redT said:\n \n\"I'm very pleased to announce the commercial launch of our new Gen 3 product in Munich today which delivers the...