today's announcement that the South Australian Government has awarded a contract to deploy a 129 megawatt hour (MWh) battery farm to help solve the State’s power problems.Redflow CEO Simon Hackett has commended
Mr Hackett said the ambitious Tesla project demonstrated the growing maturity of energy storage systems. “We believe that batteries have an integral role to play in the successful exploitation of renewable energy sources,” he said.
"Elon Musk’s promise to deploy 129 MWh of batteries for SA in 100 days is a big challenge, even for a US$50 billion company like Tesla. As a far smaller company, Redflow is not yet configured to produce that volume of batteries in that timeframe, so we will continue delivering our ZBM2 and ZCell batteries to telecom and residential customers in Australia and overseas.
"This is not a competition between Tesla and other battery companies, it's about renewables and energy storage demonstrating their capacity to technically and affordably replace fossil fuels. I look forward to seeing a system of that scale running on the South Australian grid as soon as possible.
"This project sets South Australia up as a world leader in the use of battery storage with renewable energy - a true signpost of the future of the world. I'm thrilled about that. The global energy storage market is huge and essentially it is largely untapped. This project will act as a validation point and an accelerant of change.
"Redflow is well positioned to be a part of the solution in markets appropriate to its technology. Every battery manufacturer is likely to be busy for the foreseeable future, all working to their respective technical strengths.”
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About Redflow www.redflow.com
Redflow’s unique zinc-bromine flow batteries are designed for stationary energy storage applications ranging from its ZCell residential battery to its scalable ZBM2 batteries for industrial, commercial, telecommunications and grid-scale deployment. Redflow Limited, a publicly-listed company (ASX: RFX), produces high energy density batteries that are sold, installed and maintained by an international network of system integrators. Redflow batteries offer unique advantages including 100 per cent depth of discharge, tolerance of ambient temperatures as hot as 50 degrees Celsius and sustained energy storage of 10 kilowatt hours (kWh) throughout its 10-year warranty.
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