Invinity Energy Systems (IES)

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23.25p
   
  • Change Today:
    -0.050p
  • 52 Week High: 58.00
  • 52 Week Low: 21.50
  • Currency: UK Pounds
  • Shares Issued: 191.07m
  • Volume: 1,677,603
  • Market Cap: £44.42m
  • RiskGrade: 324

RedT sells 14 units to Botswana-based customer

By Josh White

Date: Monday 25 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Energy storage company RedT energy announced the sale of 14 units into sub-Saharan Africa on Monday, which its board described as a "key growth market" for the company.
The AIM-traded firm said 14 of its 40kWh modules had been purchased by the unnamed Botswana-based customer, who would use the machines to provide energy security at "critical communications infrastructure sites" across the country.

All 14 sites were to be in remote locations with no grid connection, and would use 11kWp of solar panels per site as the sole form of generation.

RedT said its units would be used to store a proportion of the solar energy generated during daylight hours for use during the evening, in a process known as 'timeshifting' which effectively creates 'firm' 24h solar power - making it cheaper per kWh of energy than running a diesel generator off-grid.

The company claimed its technology was chosen for the project owing to its long service life, low maintenance requirements and the product's ability to operate at "challenging sites", where conventional lead-acid and lithium batteries had been used but experienced "critical failure".

RedT, which has an office in South Africa, said it had already deployed "a number of units" in sub-Saharan Africa, and viewed the region as a "key future growth market" for its products.

"This represents a sizable commercial order for redT after deploying our initial units in South Africa," said RedT CEO Scott McGregor.

"Low cost secure energy, achieved by combining solar with a RedT energy storage machine is key to bringing reliable power to Africa where 700 million people don't have access to grid electricity.

"We look forward to continuing to deliver secure energy to the African market."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IES Market Data

Currency UK Pounds
Share Price 23.25p
Change Today -0.050p
% Change -0.21 %
52 Week High 58.00
52 Week Low 21.50
Volume 1,677,603
Shares Issued 191.07m
Market Cap £44.42m
RiskGrade 324

IES Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.27% above the market average31.27% above the market average31.27% above the market average31.27% above the market average31.27% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
46.2% below the market average46.2% below the market average46.2% below the market average46.2% below the market average46.2% below the market average
91.92% below the sector average91.92% below the sector average91.92% below the sector average91.92% below the sector average91.92% below the sector average
Income Not Available
Growth
0.07% above the market average0.07% above the market average0.07% above the market average0.07% above the market average0.07% above the market average
15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IES Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
16:36 185,000 @ 23.36p
16:36 25,000 @ 23.30p
16:36 25,000 @ 23.30p
16:29 4,294 @ 23.30p
16:29 8,545 @ 23.30p

IES Key Personnel

CFO Jonathan Anthony Frank Marren

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