Notice of Results

RNS Number : 7075V

RedT Energy PLC

20 April 2016

 

20 April 2016

redT energy plc

("redT" or the "Company")

Notice of Results

redT energy plc ("redT energy" or the "Company"), the energy storage technology company, announces that its Full Year Results for the period ended 31 December 2015 will be released on Tuesday 26 April 2016.

Following the announcement of Results, the management team will host a presentation for analysts on the day, and a conference call for investors on Wednesday, 27^th April. To register interest, please contact Jimmy Lea at [e-mail] or on [phone].

Enquiries:

redT energy plc	[phone]
Scott McGregor, Chief Executive Officer
Joe Worthington, Investor & Media Relations
finnCap Ltd (Nominated Adviser and Broker)	[phone]
Julian Blunt (Corporate Finance)
Tony Quirke (Corporate Broking)
Celicourt (Financial PR) Mark Antelme Joanna Boon Jimmy Lea	[phone]

About redT energy

redT develops and supplies durable and robust energy storage systems based on proprietary vanadium redox flow technology for on and off-grid applications. The liquid storage medium affords an exceptionally long life of over 10,000 full charge/discharge cycles and a 100% usable depth of discharge. Combined with low maintenance requirements this delivers industry leading 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 firm 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 system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.

 

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