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

Details: In Redflow; / Published on 08 March 2016

Simon Hackett in Redflow's Adelaide battery lab Australian battery manufacturer Redflow Ltd has established a battery laboratory in Adelaide to assist with its software development and to certify its zinc bromide flow batteries with multiple inverters.

While ASX-listed Redflow (ASX:RFX) has its core R&D facilities in Brisbane, the Kent Town-based lab provides important support for the launch of the company’s residential battery. Last month, Redflow announced that it will launch its residential battery before the end of March with commercial installations scheduled to occur from June this year.

Redflow also reported it had completed an oversubscribed capital raising of $7.36 million and concurrently launched a $5.56 million entitlements offer. These funds will provide extra working capital for its residential battery rollout and to continue developing a new higher energy battery.

Redflow Executive Chairman Simon Hackett, who is developing Battery Management System (BMS) software for Redflow's residential battery, has established the battery lab.

Details: In Redflow; / Published on 18 November 2015

Redflow executive chairman Simon Hackett with a Large Scale Battery (LSB) unit Australian company Redflow is charged up to meet growing demand for robust long-life batteries that enable both homes and businesses to store electricity generated by their solar panels.

A recent report by the Climate Council states that Australia is predicted to become one of the world’s largest markets for battery storage due to its high cost of electricity, the large number of households with solar panels and Australia’s excellent solar resources. The research by Morgan Stanley says that half of surveyed households were interested in solar systems with battery storage on the basis of $10,000 battery systems with a payback of 10 years, creating a market potentially worth $24 billion.

This means Australia is becoming a battery battleground with global giants such as Tesla and Enphase targeting it as an early market for their respective batteries.

Redflow, an Australian Stock Exchange-listed company (ASX:RFX) which has commercialised its innovative flow battery for use by enterprise, business and residential customers, welcomed this global focus on Australia as the sign of a market that is taking off.

Redflow Chairman Simon Hackett said Tesla’s entry into the market in mid 2015 had made the energy storage market “sexy”. “I believe that, in future years, 2015 will be seen as the year that the renewable-energy storage sector hit its inflection point,” he said.