Aim-listed redT energy has secured partnership contracts with Central and Eastern European, as well as South East Asian, distributors, which will see the group rapidly expand into these new markets.
The energy storage technology company said that, under the terms of the agreement, the partners planned to place redT energy storage machines into their existing qualified pipeline of more than 300 units, with an initial commitment for 12 redT units also agreed.
“redT’s low-cost vanadium energy storage machine is proving a very attractive solution for experienced developers in the energy storage market. We welcome our new partners and look forward to providing solutions to their customers in the near term,” said redT CEO Scott McGregor.
The partners will also provide maintenance and after-sales care to customers in their respective regions.
Further, redT announced the appointments of Bengt Stahlschmidt as global business development lead and Adam Whitehead as research principal.
“We have now assembled world-class commercial and technical teams at redT, which combine the best talent from two global leaders in the vanadium energy storage space,” he concluded.