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.”
Australian battery storage maker Redflow has a new target market for its large-scale zinc-bromine flow batteries, after the Brisbane-based company this week revealed it was pursuing “massive potential demand” in Asia’s telecommunications sector.
The ASX-listed company, which spent much of 2016 positioning itself as a contender for Australia’s burgeoning residential battery storage market, says it is successfully selling its larger-scale batteries in Asian countries where telecommunications have leap-frogged copper lines into wireless telephony and broadband.
“Many Asian nations have jumped straight to cellular network-based phone and Internet services because they lack the copper-based communication networks that exist in countries like Australia,” the company said in a statement on Tuesday.
“As a result, Redflow is pursuing a massive potential demand in Asia for its zinc-bromine flow batteries to power mobile telecommunication towers located in areas without reliable electricity supplies.”
Redflow, whose clever, but not particularly compact, technology originally targeted the commercial and grid-scale energy storage market, has recently made a concerted grab for the hotly contested residential market, under the stewardship of new CEO Simon Hackett.
Australian energy storage specialist Redflow has announced that it has extended the warranty for its 10 kilowatt hour (kWh) ZBM2 and ZCell zinc-bromine flow batteries to 10 years.
Previously, Redflow warranted the electrode stack in its batteries for 10 years or 36,500 kilowatt hour (kWh) output, whichever came first, and for three years for auxiliary components such as electrolyte tanks and pumps.
NOW is the time for governments to act to reap the full rewards of the renewable energy revolution.
What Australian governments started more than a decade ago with public sector subsidies to kickstart the local photovoltaic solar panel industry is approaching maturity with the advent of affordable batteries for homes and businesses.
But the goal for distributed energy storage systems should not be to replace the electricity grid, but to fulfil it. Although this may require regulatory and operational changes, it is eminently achievable.
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.
Redflow, the Australian zinc-bromine flow battery maker, announced on December 5 it had approved a further seven installers for its ZCell storage system, meaning the company now has installers in every state and territory in Australia.
The batteries, which Redflow claims are the smallest flow batteries in the world, appear to be flying out of the factory since they were launched in March. The company announced its first approved installers in September, and already the total has reached 12.
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.