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 (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.
South Africa’s largest manufacturer of printed circuits has beaten frequent power outages and cut its energy costs by deploying Australian-designed Redflow zinc-bromine flow batteries.
Unreliable mains power supplies meant Johannesburg-based Bosco Printed Circuits often had its production line stopped in mid-shift by power cuts, which could occur as often as twice a week. These stoppages each cost as much as 10,000 rand (A$1000) in wasted materials as well as disrupting Bosco’s tight delivery schedule to its many customers in the mining, security and industrial electronics sectors.
Bosco solved these power cut problems by installing 14 ZBM2 zinc-bromine flow batteries, from Brisbane-based Redflow Limited, which now keep its production line running through power cuts.
Bosco Printed Circuits Director Mr Philip Verheul said the Redflow batteries had eliminated production losses. “In our process, we have electroplating lines in which we plate copper in holes, so if there’s a power failure during the process. everything in the line is basically scrapped,” he said. “It could cost as much as 10,000 rand per power failure. What was more of an issue was that we lost our delivery time, which created inconvenience and concern for our customers, who depend on us.”
Redflow Limited has repeated its largest ever sale of ZBM2 zinc-bromine flow batteries, after receiving a second international order worth about US$600,000 (A$750,000).Australian battery company
Auckland-based Hi-Tech Solutions placed this latest order for a major, multiple stage project which is using Redflow's ZBM2 batteries to build advanced hybrid energy storage systems that will deliver reliable power to multiple remote sites in a Pacific Island nation.
Hi-Tech specialises in providing telecommunications and infrastructure services for clients in New Zealand and internationally.
Redflow has completed delivery of all batteries to fulfil Hi-Tech's first order, announced in May.
Redflow CEO Simon Hackett said this repeat large sale validated the appeal of ZBM2 batteries to replace lead-acid batteries for network power applications in demanding and remote environments. "We are delighted that Hitech has again chosen Redflow batteries," he said.