Redflow restructures leadership team for growth

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. Continue reading “Redflow restructures leadership team for growth”

Bosco Printed Circuits director Philip Verheul

South African factory beats power cuts with Redflow batteries

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 reports this successful South African deployment of its ZBM2 batteries just one week after announcing its second US$600,000 sale of ZBM2 batteries to New Zealand-based Hitech Solutions.

Bosco Printed Circuits demonstrates the commercial benefits of Redflow’s zinc-bromine flow batteries which are also used in telecommunications deployments and on-grid and off-grid residential sites.

Redflow partner Specialized Solar Systems deployed the energy storage system for Bosco Printed Circuits in 2016. The system, which comprises 14 ZBM2s and six Victron Quattro 48/10000 battery inverters, stores grid power from off-peak periods as well as energy generated by 51 kilowatts peak (kWp) of dedicated solar panels on the factory roof.

As well as enabling the production line to continue working if mains power drops out, the ZBM2 energy storage system is configured to supply electricity to Bosco’s front office, so power cuts do not disrupt the company’s commercial and head office activities.

The Redflow-based energy storage system has also paid for itself by allowing Bosco to avoid buying mains-supplied electricity during peak demand periods. During these morning and evening peaks, electricity charges can increase by 300 to 400 per cent.

Bosco avoids these punitive costs by charging its Redflow batteries from solar panels during the day and with low-cost power available from midnight to 6am. The company then runs its critical electroplating production lines primarily on battery power from 7-10am and from 6-8pm, saving more than 55,000 rand a year in electricity charges. “We are seeing savings because we use the batteries to supply power during the most expensive times of the day,” said Mr Verheul.

Mr Verheul said Bosco had selected Redflow’s ZBM2 batteries because of their unique benefits. “When we looked at lead-acid and other batteries, their lifetimes were limited,” he said.

“We decided to spend a bit more money to go the Redflow route. Its ZBM2 batteries are long-lasting, with a 10-year or 36,500kWh warranty, they work well even in hot weather, and they are easily recyclable. We are very happy with these batteries, which keep getting better over time.

“I have to commend both Redflow and Specialized Solar Systems who have been fantastic.”

Redflow CEO Simon Hackett said the Bosco deployment demonstrated the commercial benefits provided by his company’s zinc-bromine flow batteries. “These demanding mission-critical environments are where our batteries stand out,” he said.

Click here to read Simon Hackett’s detailed blog post about the Bosco Printed Circuits deployment.

Click here to read Redflow’s case study about the benefit to Bosco Printed Circuits of using Redflow ZBM2 batteries. 

For media assistance, call John Harris on +61 8 8431 4000 or email [email protected].

About Redflow

Redflow’s unique zinc-bromine flow batteries are designed for stationary energy storage applications ranging from its ZBM2s 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 operating life.

Hitech places second US$600,000 order for Redflow batteries

Australian battery company 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).

Auckland-based Hitech 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. Hitech specialises in providing telecommunications and infrastructure services for clients in New Zealand and internationally. Redflow has completed delivery of all batteries to fulfil Hitech’s first order, announced in May.

Redflow CEO Simon Hackett said this repeat large sale validated the appeal of ZBM2 batteries to displace lead-acid batteries for network power applications in demanding and remote environments. “We are delighted that Hitech has again chosen Redflow batteries,” he said.

Continue reading “Hitech places second US$600,000 order for Redflow batteries”

Redflow chooses Thailand for battery factory

Redflow Limited has today announced it has established a company in Thailand to manage the production of its zinc-bromine flow batteries in South East Asia. This follows the ASX-listed company’s announcement in May of its decision to move battery manufacturing from North America to South East Asia, to be closer to its most lucrative markets, in Australia, Oceania and southern Africa, and to reduce production costs.

In a statement to the ASX this morning, Redflow reported that it has established Redflow (Thailand) Limited, which is negotiating a lease on premises in a Thai free trade zone. It is also seeking Thai licensing and regulatory approvals. As well as its location, close to Redflow’s supply chain and marketplaces, Thailand offers good manufacturing expertise, competitive logistics, an attractive labour cost and effective tax treatment for international manufacturers within its free trade zone structure.

Redflow CEO Simon Hackett said the final North American production batch of ZBM2 batteries was now in transit to Australia. “I’m pleased to report that our stack manufacturing equipment from North America has arrived in Thailand ahead of schedule,” he said.

Continue reading “Redflow chooses Thailand for battery factory”

Redflow cashes up to target battery demand areas

Australian battery company Redflow Limited today unveiled an investment package that will raise $14.5 million to target sustainable delivery of its zinc-bromine flow batteries to high demand areas such as telecommunications. Redflow’s capital-raising follows its May announcement of decisions from a strategic review including:

  • Prioritising sales to supply proven demand areas including mature telecommunications / industrial / commercial, remote/off-grid power and ‘weak-grid’ market segments
  • Transitioning battery production to South East Asia at a more appropriate manufacturing site to leverage proximity to proven markets and reduce supply chain costs
  • Implementing a range of key battery cost-down projects to reduce delivered product manufacturing cost by at least 30 per cent over the next 18 months, and
  • Targeting sustainable cashflow-positive operations by the end of 2018.

Redflow has provided an Investor Presentation containing details of the outcome of its Strategic Review and consequent activities undertaken or planned by the company, plus its new manufacturing partner, Malaysian-based MPTS, a long-term supplier of a core component of Redflow’s battery stack.

Continue reading “Redflow cashes up to target battery demand areas”

Redflow welcomes safety-first fire rules for batteries

Australian battery company Redflow Limited (ASX:RFX) has welcomed proposed new regulations that prioritise fire safety for the deployment of lithium-based batteries inside homes.

Standards Australia has released final draft recommendations that require lithium-ion batteries – which are classified as “fire hazard class 1” – must not be installed inside a domestic dwelling, within a metre of any access or egress area or under any part of a domestic dwelling. There are no current Standards Australia regulations for in-home battery installations.

Continue reading “Redflow welcomes safety-first fire rules for batteries”

Dutch farm deploys six Redflow batteries

In a Netherlands first, a Dutch dairy farm has deployed six Redflow ZBM2 zinc-bromine flow batteries to store self-produced solar energy that can support its milk production with sun-harvested energy. Dubbed the Photon Farmer, the project aims to store solar energy for the farm’s use with six 10 kilowatt hour (kWh) ZBM2 batteries, the first Redflow deployment in the Netherlands.

Located at Vierakker in the eastern Netherlands, the 57.5-hectare family-owned farm currently stocks 110 dairy cows. Due to public importance, the European Union is co-financing the deployment, which could revolutionise energy supply by supporting businesses to become energy independent. ICL, a leading global producer of bromine and supplier of the advanced zinc-bromide electrolyte used in ZBM2 batteries, proposed Redflow for the Photon Farmer project because of the ground-breaking advantages of zinc-bromine flow batteries over older battery types such as lithium and lead-acid.

Redflow Global Sales Director Andrew Kempster, who is visiting the Netherlands this week for the project’s launch, said the Photon Farmer had produced energy with solar panels for several years. “The battery project is seeking the best business model for future local sustainable energy production, including energy storage in a battery,” he said. “Our zinc-bromine flow battery technology is well-suited for this project.”

Continue reading “Dutch farm deploys six Redflow batteries”

Redflow secures A$800,000 battery sale for tropics

Australian energy storage specialist Redflow today announces its largest single sale of ZBM2 zinc-bromine flow batteries, worth about US$600,000 (A$800,000), for multiple sites in the Pacific Islands. Redflow partner Vertiv (formerly Emerson Network Power) will provide the batteries for an energy storage solution being designed by New Zealand-based Hitech Solutions.

Hitech is building advanced hybrid energy storage systems to provide reliable, remote power to multiple sites in a Pacific Island nation. This first ZBM2 order from Hitech supports the first stage of a multiple stage project.

Redflow CEO Simon Hackett said this major sector sale recognised the unique advantages of its batteries. “This high-workload deployment in the tropics is ideal for our zinc-bromine flow batteries,” he said.

Continue reading “Redflow secures A$800,000 battery sale for tropics”

Simon Hackett shows his home ZBM2 energy system

CCGX Solar Generation Example
Redflow Executive Chairman and CEO Simon Hackett reports that his ZBM2-based energy storage system works very well indeed – and flawlessly from the standpoint of his family, who see a house that ‘just works’ – even when the grid doesn’t. “We all appreciate seeing the house operating well into most evenings on time-shifted solar energy harvested during the day,” writes in a blog published at https://simonhackett.com/2016/11/28/home-redflow-zbm-installation/.