UK has developed a technology to store electricity from wind turbines, and Moixa Energy has developed small battery-based storage units which could be installed directly into people's homes to store power and re-use it at times of peak demand.
REDT allows quick site optimization, independent of weather and site access difficulties.
With costs often exceeding $10,000 to adjust antennas at complex sites, the Teletilt REDT solution pays for itself within months.
With this contract, REDT will be able to manufacture the product at scale and accelerate its deployment in the market.
According to REDT, its Vanadium Redox Flow Battery offers important and unique benefits in managing the worldwide growth of renewable power generation.
UK Ltd has developed a technology to store electricity from wind turbines, and Moixa Energy Ltd has developed small battery-based storage units which could be installed directly into people s homes to store power and re-use it at times of peak demand
Gary Simmonds, head of operations at REDT
UK, said, The timing of DECC s energy storage competition is ideal for the company s next stage of development - to design, build, and demonstrate larger scale, lower cost energy storage systems.
The European Commission chose REDT to build and provide its new flow battery system for this PVCROPS project, which is administered out of the Polytechnica University of Madrid and is included in the EU Seventh Framework Programme (FP7).
Chief Executive Officer Camco and Executive Chairman REDT, Scott McGregor, said: "The European Commission selected REDT's technology as the energy storage system of choice due to its very long lifespan, low total cost of ownership (TCO), environmental attributes and reliability.