By Josh White
03 Oct, 2017
Energy storage technology company RedT Energyannounced the sale of a 300kW 1MWh hybrid energy storage system for Monash University in Melbourne, Australia on Tuesday.
The AIM-traded firm said it would be the first time a vanadium flow / lithium hybrid energy storage system is deployed in Australia, and marks RedT’s entry into the burgeoning Australian market for energy storage, which its board currently estimated to be worth between AUD 20bn and 30bn between now and 2030.
It said the system, which comprises 900kWh of RedT flow machines coupled with a 120kW C1-rated lithium battery, would be deployed as an active energy storage infrastructure asset at the university’s new 11,400 square metre Biomedical Learning and Teaching building, which would house “state-of-the-art” biomedical research laboratories over four floors.
Coupled with on-site solar photovoltaic assets, the system would be used to “maximise” the university’s utilisation of renewable energy to “significantly reduce” energy costs for campus buildings, RedT’s board explained
That would generate “significant” savings for the site and also open up potential new revenue streams, in the form of both contracted and merchant grid services in the future.
The system would be used as a ‘flexible platform’, RedT said, and would become part of the so-called Monash microgrid in partnership with the Monash Energy Materials and Systems Institute (MEMSI).
RedT said that project aimed to integrate distributed renewables on Monash’s campuses to increase reliability and stability within the local grid and in the future, allowing for “innovative”, market based peer-to-peer energy trading.
“We are very proud to announce the sale of our first hybrid energy storage system as part of the operating infrastruce of a high energy use building,” said RedT CEO Scott McGregor.
“This project demonstrates ‘energy storage’ Flow machines integrated with ‘power storage’ lithium batteries to meet the full range of customer requirements.”