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 battery company Redflow Limited has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year.
Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.
Redflow CEO Richard Aird recently visited Thailand to finalise the lease agreement with David Nadone, Chief Executive Officer and President of Hemaraj Land and Development Public Co Ltd, a subsidiary of WHA Corporation.
Adrian and his partner, who live at Glenlyon in central Victoria, have used their ZCell batteries to maintain a “city lifestyle” in the country, without having to “calorie count” their daily energy use.
The self-declared “tree changer” couple, who own energy efficient appliances and insulated the cottage's roof, have plenty of solar-generated energy to power their home, including multiple computers and professional musical amplifiers that Adrian requires for his sound engineering work.
Although the cottage had existing photovoltaic solar panels and a lead-acid battery when they moved in, Adrian and his partner decided to upgrade both the solar panels and the battery to make the property truly grid-independent without heavy use of a diesel backup generator. Redflow’s 10 kilowatt-hour (kWh) zinc-bromine flow batteries, which the solar panels can fully charge in just four hours on a sunny day, deliver clean power that does not interfere with Adrian’s elaborate musical equipment.
Adrian said the energy storage system had cost $56,000 – about one quarter of the $200,000 cost of connecting mains power to the property. “It means we never receive another power bill,” he said.
Australian battery company Redflow Limited (Redflow) today announces leadership changes, including a new Managing Director and CEO and an Independent Non-Executive Chairman, effective immediately, as it prepares to commence manufacturing in Thailand and grow battery sales during the next 12 months.
Appointment of Chief Executive Officer / Managing Director
Redflow’s largest shareholder Simon Hackett - who became acting CEO 12 months ago – has stepped aside from his executive role after completing a year-long mission to refocus, redirect and recapitalise the business. Simon will continue as a non-executive director with special oversight for technology-related matters.
The Redflow Board has promoted Chief Operating Officer, Richard Aird, as CEO to accelerate the company’s new strategic direction announced in May. With more than 20 years’ experience in commercial development and operations, Richard has a thorough understanding of Redflow and its technology from holding various roles with the company since 2009. He has the skills and expertise needed to drive the company as it starts manufacturing batteries in Thailand and implements cost downs in battery production. Discussions regarding terms of engagement to reflect Richard’s new role are well advanced and will be disclosed in accordance with the listing rules when finalised.