UK’s First Fully Financed Solar + Storage Product Launched With Statkraft

(Originally published on, 25 March 2019)

redT and Statkraft have launched a joint solar + storage offering.

redT and Statkraft are pleased to announce a partnership to provide a fully-financed, behind-the-meter solar and storage solution for UK commercial and industrial energy users.

This 100% renewable energy solution enables UK Corporates to save up to 20% on their energy costs by installing redT flow batteries alongside solar PV at their sites. The solutions also enables customers to hedge against rising energy prices as part of a 25 year solar + storage corporate PPA provided by Statkraft and access an innovative Virtual Power Plant (VPP) to maximise value streams from flexibility and optimisation services.

We are excited to be working with redT energy to provide an attractive combination of renewable energy and long-duration energy storage for our customers – we believe our funded solution really enables customers to take advantage of more zero-carbon renewable energy, matching it to when it is needed most.

Andy Cooper, Head of UK Downstream for Statkraft

Interested to find out more? The redT team can provide a bespoke assessment of your site(s) including financial modelling and energy flow analysis to design a solution that meets your needs.

Contact us to arrange a discussion with our team

Together we are breaking new ground in the energy industry with this unique, fully financed decentralised energy solution designed specifically for the UK C&I sector to reduce energy costs. We are accelerating the deployment of “energy storage 2.0”, providing low risk infrastructure returns to commercial energy users, and creating an effective, low risk hedge against rising energy prices for the next 25 years.

Scott McGregor, CEO, redT energy

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