Redflow Limited, a publicly-listed Australian company (ASX: RFX), produces small 10kWh zinc-bromine flow batteries that tolerate daily hard work in harsh conditions. Marketed as ZCell and ZBM2, Redflow batteries are designed for high cycle-rate, long time-base stationary energy storage applications in the residential, commercial & industrial and telecommunications 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.
Australian technology entrepreneur Scott Hicks has saved thousands of dollars a year in power costs at his riverside holiday house by adding solar panels and a Redflow ZCell zinc-bromine flow battery.
Mr Hicks, CEO of private data centre provider YourDC, bought the spacious house at Mannum, a Murray River town 84 kilometres east of Adelaide, as an accessible hideaway from the working week. The 10-year-old holiday house is on the banks of the Murray River, among gum trees and wildlife.
However, during his first year, Mr Hicks discovered this peaceful repose came a price - the high cost of electricity. “During the first year, we found that our power bills were huge,” he said. “Our usage peaked at the most expensive time of day because we had lots of air con running.”
After researching solar panels and energy storage systems, Mr Hicks said Redflow’s ZCell zinc-bromine flow battery stood out. “I decided that Redflow was the far superior option out at Mannum where it’s a couple of degrees warmer than in the Adelaide metro area,” he said.
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.
The 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.