Independent board with range of expertise.
Building the sustainable energy storage supply chain.
Partners, consultants memberships
Proven record of operational experience.
Vanadium mining & energy expertise.
Principles of honesty, integrity and ethics.
Disruptive Technology for Energy Storage to Steel Production
Progress of global deployment targeting cashflow and commercialization (Optioning, Licensing, Royalties and more)
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Our latest press releases
Latest Vanadium Industry Developments
Sustainable Energy, Development, and Innovation
Conventional & Emerging Applications
VRB Stock Fundamentals
General Investment Information
Frequently asked Questions and Terminology
Extensive Compendium of most Relevant Research
Corporate Presentations & Global Directory
LONDON (Alliance News) – RedT Energy PLC on Tuesday said it expects the price of vanadium, which is used in its energy storage process, will normalise in the medium term.
Shares in the energy storage firm were down 10% at 5.70 pence on Tuesday.
RedT’s energy storage technology employs vanadium redox flow batteries, which contain a vanadium electrolyte.
The cost of vanadium pentoxide flake, which is used in energy storage systems, was more than fives times higher in mid-October than it was in September 2016.
However, as vanadium is “neither consumed nor degraded” when used in this way, RedT said it can continue to offer its energy storage systems at a competitive price.
RedT also said that, while it had intended to reach final close on its German grid project by the end of 2018, this is now expected to take place in the new year.
“This extension stems from recent modifications to the German market bidding mechanism for the secondary control reserve service, which has required the project partners to undertake additional analysis to assess the impact of the modifications,” said RedT.
Nonetheless, RedT is on track to complete the manufacture of its first Gen 3 energy storage product to Anglian Water Group Ltd in the UK.
In addition, RedT has appointed financial advisors to help the company as its strategic partners for investment, and said it has already seen interest from “a number of potential, global strategic partners”.
At present, RedT has approximately 90 megawatt hours of energy storage projects in development and its overall pipeline stands at GBP1.07 billion. This “comfortably covers”, RedT said, analyst forecasts for product sales in the next two years.
RedT Chief Executive Scott McGregor said: “Commercially, our teams have maintained sharp focus on specific applications for energy storage where there is a real ability to unlock more cheap renewables and energy cost savings.”
“Our Gen 2 technology has been delivered successfully and is now operational in the UK, Australia, Africa and South East Asia. Manufacturing of our Gen 3 product is on schedule with the first customer system now nearing completion,” McGregor added.
The information contained in this article and provided by VanadiumCorp is sourced from third-party content in the public domain and is for general information purposes only, with no representation, guarantees of completeness, warranty of any kind, express or implied regarding the accuracy, adequacy, validity, availability, completeness, usefulness or timeliness of any information contained within. Please also excuse any syntax as authors and reposted articles are sourced from global origins. UNDER NO CIRCUMSTANCE SHALL WE HAVE LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS REPOSTED ARTICLE. THE USE OF THIS ARTICLE AND YOUR RELIANCE ON ANY INFORMATION CONTAINED HEREIN IS SOLELY AT YOUR OWN RISK. VANADIUMCORP ALSO ASSUMES NO RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS IN THE CONTENT OF THIS ARTICLE.
Continue reading the full story here >>
Enter your email address below to start receiving VanadiumCorp and related Industry news directly.
We're here to answer your questions. Contact us by phone or email.
© 2019 VanadiumCorp Resource Inc., all rights reserved • Site Map • By Line49 Web Design, Vancouver BC