Time shifting solar energy
UK energy storage technology company redT energy plc (AIM:RED) in partnership with Centrica (CNA), installed 1MWh grid connected vanadium flow machines in 2017.
redT’s machines are located at The Olde House, a 600 acre working farm and holiday retreat, situated in North Cornwall. The machines are used as a ‘flexible platform’ enabling the customer to generate strong commercial returns and utilise significantly more of its renewable solar onsite generation. redT expects this type of project to achieve an IRR % in the mid-teens. The energy storage machine has a 25+ year asset life, thus proving the strong investment case for redT’s patented vanadium redox flow machines.
For the full case study visit redT Energy’s website here