RedT scores Monash energy deal
Date: Oct 17, 2017
London-based redT Energy, which makes industrial-sized hybrid storage systems for renewable energy, has snared a major contract with Monash University and is in talks with Australian developers.
RedT said it was using Australian-developed technology, previously taken offshore, to build energy infrastructure for the university’s new 11,400m sq Biomedical Learning and Teaching Centre. The centre will house state-of-the-art biomedical research over four floors and will be powered by redT’s system.
While established in Europe and Africa, this is redT’s first installation in Australia. It estimates the energy storage market here to be worth $20 billion to $30bn up to 2030.
It’s also the first time the company’s vanadium flow/lithium hybrid energy storage system is being installed here.
The political debate on whether to adopt a clean energy target isn’t stopping corporations and institutions setting their own targets. Last week, Monash announced a target of net zero carbon emissions across all its campuses by 2030, with vice- chancellor Margaret Gardner saying more than $135 million was set aside over 13 years to achieve it.
