Redflow ZBM2 battery

Redflow batteries could one day power entire towns

Tucked away inside a nondescript industrial shed in Brisbane’s western suburbs, rows of box-like batteries that could one day power entire towns are quietly humming away. Engineers at homegrown renewable energy company Redflow are hoping these hi-tech “flow” batteries will relegate the traditional power grid to history, reports Glenn Norris in Brisbane’s Courier Mail. Read his full story online.

 

Household batteries flick the switch for a smart electricity grid

There’s a popular belief that the looming presence of batteries in people’s homes will lead to the widespread defection of those customers from the power grid.  In this view, living the dream means grid-independence where you harvest your own energy, one-finger salute the power companies and, when grid power fails for others in the street, your battery keeps the party going at your house.  While cutting the power cord sounds good in theory, in practice consumers gain many more advantages from staying connected to the grid.. Read Redflow Executive Chairman Simon Hackett’s column about the battery revolution in The Australian.

 

Off-grid suburb a ‘perfect storm’ for energy giants

Australian energy companies are facing a “perfect storm” as renewable alternatives are hastening the move to off-grid electricity. Earlier this month US energy giant Brookfield announced it had signed a deal with property group LWP to build a new suburb near Newcastle, NSW, powered entirely off-grid, challenging incumbent industries to adapt or perish. The move has enormous implications for rural and regional communities throughout Australia where the tyranny of distance has often led to towns becoming stranded at the far end of a very long energy line. Simon Hackett, chair of RedFlow —an Australian company that designs off-grid batteries — told Fairfax the Australian energy industry is facing a “perfect storm”. “The combination of high energy prices, widespread deployment of photovoltaic solar panels (PV), a ready supply of sunshine and the looming presence of widespread, affordable and effective energy storage systems is encouraging customers to look for other ways to supply their energy needs,” he said. Read the full story at the Sydney Morning Herald

Redflow welcomes Tesla to the battery market, as investors including Graeme Wood and Simon Hackett pour in another $16 million

Redflow has welcomed the entry of US electric car maker Tesla to the large-scale battery market, after investors poured an additional $16.1 million into the zinc-bromide module (ZBM) maker. The startup raised approximately $9.7million, along with a $6.4 million entitlement offer. The entitlement offer allowed existing shareholders to purchase one new share for every seven they already owned reports. Read more at SmartCompany