11 Nov '13, 12pm

REDT wins energy storage funding

REDT wins energy storage funding

Camco Clean Energy PLC has announced that REDT has won major funding of £3.6 million from the Department of Energy and Climate Change (DECC) . The company participated in DECC’s Energy Storage Technology Demonstration Competition towards the demonstration and pre-commercialisation of its grid-scale flow battery technology. According to an REDT statement, the company’s Vanadium Redox Flow Battery (VRFB) has important and unique benefits in managing the rapid worldwide growth in renewable energy generation. The 1.26MWh project has been designed, following a ten year development programme, to demonstrate a cost effective storage solution for the UK grid with the aim of reducing energy prices in the long term, both in the UK and elsewhere. The company describes its product as a versatile new energy technology able to address storage needs from small 5kW solar powered Telecom m...

Full article: http://www.renewableenergymagazine.com/article/redt-wins-...

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