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.”