Energy storage sector boosted by Tesla entry, says Redflow

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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