Redflow

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About Redflow

Redflow Limited, a publicly-listed Australian company (ASX: RFX), produces small 10kWh zinc-bromine flow batteries that tolerate daily hard work in harsh conditions. Redflow batteries are designed for high cycle-rate, long time-base stationary energy storage applications in the telecommunications, commercial & industrial and high-end residential sectors, and are scalable from a single battery installation through to grid-scale deployments. Redflow batteries are sold, installed and maintained by an international network of energy system integrators. Redflow’s smart, self-protecting batteries offer unique advantages including secure remote management, 100 per cent daily depth of discharge, tolerance of high ambient temperatures, a simple recycling path, no propensity for thermal runaway and sustained energy delivery throughout their operating life.

www.redflow.com 

 

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Redflow Chairman Brett Johnson

Australian energy storage company Redflow Limited (ASX: RFX) today announced it will raise $18.1 million in equity capital to scale up battery production and to grow Australian and international sales.

The Brisbane-based company is raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders.

Redflow Chairman Brett Johnson said Redflow had made significant progress in the past six months. “We’ve opened our new wholly-owned manufacturing facility in Thailand which is making quality battery stacks,” he said.

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Redflow stack line WRedflow stack line at new factory in ThailandThe board of Australian battery company Redflow Limited has commended the successful commissioning of the company’s new factory in Thailand after visiting the facility this month.

During the two-day inspection, Redflow directors saw factory staff fully assemble two ZBM2 zinc-bromine flow batteries which are now undergoing post-production acceptance testing.

Redflow Chairman Brett Johnson said the board had been pleased by progress at the factory. “We are impressed by the commitment of the on-site team to producing high-quality components,” he said.

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New Redflow CEO Tim HarrisAustralian battery company Redflow Limited (ASX: RFX) has named experienced technology executive Tim Harris as its new CEO to focus on the company’s growth and commercialisation.

Long-term Redflow executive Richard Aird returns to the role of Chief Operating Officer, a critical position that focuses his deep skills and experience with development of Redflow’s unique ZBM2 battery to ensure its successful production by the new factory in Thailand. Richard will continue his successful work in driving cost-downs, optimisations and quality improvements in the supply-chain and manufacturing process as the company prepares to ramp-up battery production during 2018.

Since last year’s strategic review, Redflow has transferred its manufacturing operations from North America to Thailand, where it is now successfully producing battery stacks - the critical component of its zinc-bromine flow batteries - and is on track to produce full batteries by June this year.

Tim Harris has extensive international business experience from the telecommunications sector - a key market for Redflow - where he was previously Chief Commercial Officer for Chorus in New Zealand and held senior leadership roles for BT Group in Singapore and the UK. More information about Tim is available at https://redflow.com/about-us/board-management/.

Redflow Chairman Brett Johnson said the company was now focussed on growth. “After a year of change, we are enormously grateful for Richard’s leadership to establish the new factory in Thailand, which is the foundation for our next phase of growth,” he said.

More News...

  1. First Redflow Thai-stack batteries ready for customers (13 March 2018)
  2. Redflow’s first Thai battery stacks arrive in Brisbane (07 February 2018)
  3. Mossel Bay goes carbon neutral with Redflow (31 January 2018)
  4. Redflow produces first battery stacks in Thailand (23 January 2018)
  5. Redflow continues board renewal (22 December 2017)
  6. Redflow makes first battery components in Thailand (19 December 2017)
  7. Redflow reveals Thai battery production timeline (24 November 2017)
  8. Redflow aims for 250 batteries/month from Thailand (06 November 2017)
  9. QLD home sets Redflow residential record (30 October 2017)
  10. Redflow starts installing battery line in Thai factory (26 October 2017)
  11. Victorian couple live off-grid dream with ZCell (12 October 2017)
  12. Redflow restructures leadership for growth (27 September 2017)
  13. South African factory beats power cuts with Redflow batteries (25 September 2017)
  14. Hi-Tech places second US$600,000 order for Redflow batteries (18 September 2017)
  15. Redflow chooses Thailand for battery factory (17 August 2017)
  16. Redflow cashes up to target demand areas (14 July 2017)
  17. Redflow welcomes safety-first fire rules for batteries (11 July 2017)
  18. Redflow lauds big battery project for SA (07 July 2017)
  19. Dutch dairy farm deploys six Redflow batteries (24 May 2017)
  20. Redflow scores A$800,000 battery sale for tropics (08 May 2017)