Veteran oil and gas executive David Knox has joined the board of the Australian battery maker Redflow.
SOUTH Australian entrepreneur Simon Hackett has secured the services of former Santos boss David Knox on the board of energy storage company Redflow.
The announcement coincides with Mr Hackett reassuring investors of Redflow’s ability to raise the required funding to deliver the company’s future product range.
Mr Knox, who was recently appointed as deputy chair of the SA Economic Development Board, said he was attracted by Redflow’s battery technology.
“It has the potential to affect change in the way we use energy, both for individuals and families at home and also for small businesses and telcos,” he said.
“The beauty of this battery is it has a real role to play in stabilising our energy supply system as batteries become more widely used.
Home-grown battery developer Redflow signed up a new high-profile customer on Thursday – its new director, former Santos chief executive David Knox.
“I’ve been watching Redflow for a few years now; I’ve been waiting for the moment,” Mr Knox said of his decision to install one of the company’s ZCell “flow” batteries in his solar panel-equipped Adelaide home.
“Feed-in tariffs are falling away now, so batteries are becoming more economic.”
Mr Knox, who stepped down from Santos in late 2015 as the oil and gas producer was forced into an urgent capital raising and asset sales, is joining as a non-executive director at the start of what executive chairman Simon Hackett described as “a pivotal year” for the company.
Mr Hackett, a tech entrepreneur, said Mr Knox’s presence on the board would “broaden the board’s skills base and constructively challenge the executive team at Redflow as they advance both strategy and execution during 2017 and beyond.”
Renewables – Entrepreneurs point out the investment potential of green technology.
Inspired by Bill Gates and friends’ decision to plunge $US1 billion into clean energy? Well don’t be put off by the Turnbull government’s December backflip on carbon emissions policy. Good technologies have global markets says Simon Hackett the Internode founder, Tesla electric vehicle collector and now, chief executive and shareholder of battery developer Redflow. Australia is also a great test-bed for solar and wind energy. “It’s not necessarily the end of the world if the Australian environment is not consistent in its support for investments in this space,” Hackett says. He adds that there is a rising number of investors like him who “in the face of desperate disappointment with government policies in this realm are trying to make whatever difference they can”. Gates’ Breakthrough Energy Ventures is backed by Amazon founder Jeff Bezos, Virgin founder Richard Branson and Alibaba founder Jack Ma – that’s a huge vote of wealth and business acumen. It’s clear from the group’s website they want to invest in fundamental, breakthrough science. That’s where the big wins – the “10xers” – come from, says Hackett, referring to investments that get you 10 times your money. But anyone aspiring to follow in their footsteps might have to wait a long time for the jackpot they must also adhere to basics.
By Lindsay Handmer, read article here.
DID YOU BUY THE TESLA POWERWALL sometime in the last couple of weeks? You should have waited: Tesla has released a new Powerwall, with a 13.5 kWh capacity, priced at $10,000 in Australia. The new battery has more than just a beefed capacity. There’s improved peak-power handling, a built-in inverter (which will save you some money), and both a DC and AC version. The warranty has also improved, with a guaranteed 70% capacity left after 10 years for normal solar use, or 70% capacity after 37.80 MWh of throughput in other uses.
While many armchair analysts have jumped in claiming the new unit can pay for itself in as little as six years, most of these calculations continue to neglect aspects including efficiency losses and battery degradation over time. They also tend to be quite misleading, by using a combined solar and battery system, rather than looking at the total set up an operating costs of each. So it’s up to us to present the brutal financial realities of bolting a big lump of batteries to your wall.
Australian battery company Redflow Limited today announces seven more approved installers for its new ZCell energy storage solution, including additional coverage in regional areas and the NT.
Redflow’s latest approved ZCell installers are SSE Systems in the ACT; Riverina Complete Solar in Griffith, NSW; Country Solar NT in the Northern Territory; Apex Communication Technologies and Sustainable Works, both in SA; Veida in Victoria; and Green Gateway in WA. Redflow now has a total of 12 installers offering services in every state and territory of Australia.
THE future of solar energy on the Coffs Coast was put into question on Friday when representatives from industry and government came together at the sixth North Coast Energy Forum.
The forum aimed to dispel doubts surrounding solar energy in the lead-up to the NSW solar bonus scheme ending in December. The forum discussed how solar batteries are shifting the energy system from a centralised to a localized model, meaning power is returning to the people.
Vicki Brooke, co-ordinator of the forum, said the aim was to achieve solutions in the face of a renewable energy “revolution”. “It’s a real game-changer now. The momentum for renewables is so strong that we are going to have our revolution,” she said. The forum showcased batteries from local energy groups such as the Bellingen Shire Electricity Alliance and Repower Coffs.
Speakers included Adam Marshall MP, NSW Parliamentary Secretary for Renewable Energy. Geoff Tosio, renewable energy consultant from Solar Depot Bellingen, said solar energy now costed much less than coal. “There was a recent solar farm that achieved a price that’s half that of coal. “The game is up and it’s changing worldwide,” he said. Mr Tosio presented the ZCell, the first 10-year 100% discharge and 0% degradation battery.
Rooftop solar could threaten SA’s energy security
Australian Broadcasting Corporation | Broadcast: 21/11/2016 | Reporter: Alex Mann
Following the state-wide blackout earlier this year, experts warn that another threat to South Australia’s energy security could come from the rapid uptake in rooftop solar.
South Australian Treasurer Tom Koutsantonis says bans and moratoriums
in Victoria and NSW on onshore gas exploration are exacerbating a shortage of gas in the national market as he puts a deadline of December 6 on a $24 million carrot for gas explorers in his home state.
The SA Treasurer and Energy Minister is trying to inject some extra gas
supply into the market with a package that includes grants for companies
unlocking gas reserves in the state, providing those gas supplies are offered to the SA market first It is an attempt to increase the competition
in the market and to boost the supply of affordable gas to South Australian
gas-fired generators in a bid to lower electricity prices in South Australia,
which are the highest in the nation. Continue reading “Vic, NSW gas bans’making SA issue worse’”
South Australia’s peak environmental organisation, Conservation SA, has installed two ZCell batteries to charge an electric car and to provide energy for emergency lighting and data centre back-up for its office.
Redflow, the developer of the ZCell batteries, says this first installation of ZCell batteries for commercial premises allows Conservation SA to store energy collected from a 13 kilowatt (kW) array of Tindo solar panels on the roof of its building, The Joinery, in central Adelaide.
The installation follows Redflow’s announcement last week of its first ZCell residential deployment at the home of Google Australia’s Alan Noble at his Willunga property in South Australia. As well as providing back-up power for Conservation SA’s emergency lighting and first floor data centre, the ZCells will charge the GoGet electric vehicle that is based at the site. Continue reading “Conservation SA conserving energy with ZCell battery installation”