redT has recently announced the divestment of its remaining legacy Camco businesses which complete the transformation into a vanadium based pure play energy storage company. The last few months have also seen redT energy build commercial momentum through orders and projects in Africa, Australia and Asia. However, it has become increasingly clear that this momentum is unlikely to be sufficient to offset the slow progress for most of FY17. We are therefore downgrading our FY18 and FY19 forecasts. ....
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Camco exits complete transformation
- Published:
16 Jan 2018 -
Author:
John-Marc Bunce -
Pages:
9
redT has recently announced the divestment of its remaining legacy Camco businesses which complete the transformation into a vanadium based pure play energy storage company. The last few months have also seen redT energy build commercial momentum through orders and projects in Africa, Australia and Asia. However, it has become increasingly clear that this momentum is unlikely to be sufficient to offset the slow progress for most of FY17. We are therefore downgrading our FY18 and FY19 forecasts. ....