Australian battery company Redflow Limited (ASX: RFX) has completed the first ZBM2 batteries using battery stacks made by its new Thailand factory, which are now ready for shipment to customers.
The battery stack is the critical part of the Redflow ZBM2 zinc-bromine flow battery, with electrodes that charge the battery by depositing zinc on a membrane and discharge it by reversing that process.
At Redflow’s Brisbane headquarters, the Thai-made battery stacks were installed on existing ZBM2 battery ‘tank sets’ and connected to performance-testing equipment. After passing pre-delivery tests, these complete batteries are now scheduled for delivery to supply existing customer orders. Redflow will continue to assemble, test and deliver limited quantities of ZBM2 batteries with Thai-produced battery stacks until it starts end-to-end manufacturing and testing of complete batteries in Thailand by June.
Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, has reported results of a new research study with Dow Jones Customer Intelligence that reveals a startling misalignment between CEOs and technical executives which is weakening enterprise cybersecurity.
The report, CEO Disconnect is Weakening Cybersecurity, highlights that CEOs incorrectly focus on malware, creating a misalignment between them and executives with technical expertise that escalates risk and prevents organisations from effectively stopping breaches.
Technical executives on the front lines of cybersecurity, such as CIOs, CTOs and CISOs, point to identity breaches – including privileged user identity attacks and default, stolen or weak passwords – as the largest threat, not malware. As a result, cybersecurity strategies, project priorities, and budget allocations don’t always match up with the primary threats nor prepare companies to stop most breaches.
These findings are particularly relevant to Australia where mandatory Notifiable Data Breach legislation took effect last week and financial institutions earlier this month began implementing real-time payments by customers using the New Payments Platform, inviting greater emphasis on identity protection.
Australian battery company Redflow Limited (ASX:RFX) has simplified using its batteries in large energy storage systems by integrating plug-and-play technology into its LSB (Large Scale Battery) reference platform.
Implemented in an LSB installed at Simon Hackett’s Base64 property in Adelaide, the new design incorporates six 12-kilowatt (kW) Victron Quattro 48/15000 battery inverter/chargers with 45 Redflow ZBM2 batteries. By implementing this improved design, the Base64 LSB will deliver an energy storage capacity of 450 kilowatt-hours (kWh).
The LSB Reference Platform is a container-sized deployment of Redflow batteries, which can operate as a single ‘virtual” battery to assist Redflow system integrators with designing and deploying larger energy storage systems. Base64 installed its original LSB in 2016, running it for about a year before undertaking the redesign process in conjunction with Redflow.
The redesigned LSB is installed at the back of Base64’s western carpark, beneath an innovative tree-like mounting system that ‘floats’ a 50 kilowatt peak (kWp) array of solar panels above staff and visitor cars. Base64 has an additional 20kWp of solar panels installed elsewhere in the precinct.
Base64 Managing Director Simon Hackett, who is a non-executive director of Redflow, described the Base64 energy system as a “fantastic learning experience”. “The system is built around a Redflow ZBM2 LSB battery system, which is charged by energy harvested from our solar array,” he said.
This month’s launch of Australia’s New Payments Platform is likely to increase the risk of fraudsters seeking to exploit the availability of real-time bank payments warns cybersecurity specialist Centrify.
Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, enables more than 5000 organisations globally, including over half the Fortune 100 in the US, to proactively secure their businesses.
Launched publicly last week, the New Payments Platform (NPP) provides Australians with the ability to send each other money in “real time”, through a new system for settling transactions between banks assisted by the Reserve Bank of Australia.
The NPP will allow customers of as many as 60 financial institutions to link their bank details to a PayID, so they can hand out their phone number or email address to receive payments instead of number-based bank account details. The first product built on the platform is Osko, a person-to-person payment utility from BPay.
However Centrify’s Senior Director for APAC Sales Niall King has advised Australian consumers and businesses to review their security practices before using NPP-enabled services. “Security is the price we pay for convenience,” he said.