Brisbane firm Redflow plugs into home solar battery market

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Source: Featured in Courier Mail Friday 12/02/2016

POWER bills could be torn up as more consumers go off the grid with the launch of new solar power batteries this year.

Queensland energy company RedFlow has unveiled plans for its new residential batteries which allow homes to store solar power and tap into excess energy when weather takes a turn instead of relying on backup energy from the grid.

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RedFlow CEO Stuart Smith in front of large scale battery. Pic: Claudia Baxter

BY JACINDA TUTTY

POWER bills could be torn up as more consumers go off the grid with the launch of new solar power batteries this year.

Queensland energy company RedFlow has unveiled plans for its new residential batteries which allow homes to store solar power and tap into excess energy when weather takes a turn instead of relying on backup energy from the grid.

It will mean power bills could become a thing of the past as homes and entire communities move away from coal powered electricity.

“The one big issue with renewable it’s the intermittency of it,” chief executive Stuart Smith said. “If you’re powering an application and a cloud passes over you immediately lose it, but if you have a way to store that energy it addresses that intermittency.”

Mr Smith said it also opens the doors to more solar farms to power batteries which can then be brought back for residential houses allowing people to live completely off the grid.

“One battery roughly the size of an air conditioning unit can power a whole house and you can put 60 together and connect them all for huge applications like powering a whole community or large mine site,” he said.

Using an “easy plug and play” solution the batteries will be able to be connected to a house much easier than their current models which retail between $US7000 and $US8800.

Details about the new battery prices and appearance will not be released until March and installations won’t be until June, but Mr Smith said interest had been overwhelming.

“We’re seeing substantial interest in the residential deployment of our batteries from our own shareholder base and, as advised at our AGM, we intend to offer shareholders a discount to support the initial phase of the product launch.”

Shares in RedFlow rose 1.5¢ to 26¢ on Thursday.