Energy storage sector boosted by Tesla entry, says Redflow

Australian battery technology provider Redflow has welcomed Tesla’s entry to the advanced energy strorage sector, saying the move has raised the public profile of affordable energy storage as a disruptive technology that enables renewable generation sources to reduce reliance on fossil fuels, increase distributed generation and deliver energy independence.

Tesla recently announced its Lithium-based battery modules, and according to Redflow (ASX:RFX) CEO Stuart Smith,  the increased interest in energy storage and generation technology, and the opportunities this presents, “is both timely and appropriate.”… read more via iTwire