2nd Dec 2015 09:41
LONDON (Alliance News) - Energy storage technology firm RedT Energy PLC on Wednesday said its first manufactured unit has been approved for connection to the UK power grid and will receive the CE mark, approving them for distribution across the European Union.
The 40 kilowatt hour unit, delivered to its Wokingham unit, is now grid tied, charging from and discharging to the national grid.
"The approval of grid connection is a major milestone for RedT energy. Progressing a new technology from prototype to commercial deployment in live applications can often present integration difficulties. We are delighted to complete the connection and certification process," said RedT Chief Executive Scott McGregor.
Shares in RedT were up 16% to 9.24 pence Wednesday morning on the news.
By Sam Unsted; [email protected]; @SamUAtAlliance
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