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.

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