UK-based energy storage firm redT said it has signed “initial” deals to supply 12 energy storage units using vanadium redox flow technology to firms in Europe and Southeast Asia.
This company declined to give details of the contracts, but said the deals pave the way for redT to potentially supply a total of more than 300 energy storage units in the regions.
“This move will enable the company to rapidly expand into these new markets alongside experienced and well-respected partners,” redT said.
CEO Scott McGregor (pictured) said: “redT’s low-cost vanadium energy storage machine is proving a very attractive solution for experienced developers in the energy storage market.”
Last spring, redT announced it was placing six energy storage units, totalling 1.08MWh, at a working farm and holiday retreat in Cornwall, UK, to support the Cornish distributed energy grid.