SNS Fire conference names Redflow a 2015 FiReStarter Company

Strategic News Service (SNS) selected Redflow has been selected as a 2015 FiReStarter company for the 13th annual Future in Review (FiRe) conference. Described by The Economist as “the best technology conference in the world,” FiRe features global thought leaders in technology and the global economy, including Elon Musk, Craig Venter, Michael Dell, Vint Cerf, Leroy Hood, Patti Grace Smith, Mark Hurd, Paul Jacobs, and many others. FiReStarters are selected based on the strength of their innovations and their potential to bring positive change to the world, and are showcased at an exclusive investor reception at the FiRe conference, in panels throughout the event, and with ongoing relationships introduced and supported by SNS. Read the full story at MarketWatch 

Redflow welcomes Tesla to the battery market, as investors including Graeme Wood and Simon Hackett pour in another $16 million

Redflow has welcomed the entry of US electric car maker Tesla to the large-scale battery market, after investors poured an additional $16.1 million into the zinc-bromide module (ZBM) maker. The startup raised approximately $9.7million, along with a $6.4 million entitlement offer. The entitlement offer allowed existing shareholders to purchase one new share for every seven they already owned reports. Read more at SmartCompany

Redflow ZBM2 battery

Energy storage sector boosted by Tesla entry, says Redflow

Australian battery technology provider Redflow has welcomed Tesla’s entry to the advanced energy storage 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 reports ITWire

 

 

RedFlow raises $16.7M with large investor appetite

Redflow (ASX:RFX) has received strong shareholder support in raising $7 million in an oversubscribed pro-rata non-renounceable entitlement offer. The company accepted some oversubscriptions as the initial plan was to raise $6.4 million. The raising was priced at $0.20 and also comprised a A$9.7 million placement, for a total raise of around $16.7 million. Shares last traded a $0.23, a premium to the offer. Redlow produces a unique modular zinc-bromide flow battery which provides cost effective, safe energy utilisation and storage.. Read more at Proactive Investors

Hackett powers ahead with RedFlow at Base64

Technology entrepreneur Simon Hackett today reveals plans to enhance Base64, his $7 million renovated office complex built around an historic Adelaide mansion, by installing Australian-developed energy storage and management systems. The core of the system will contain high energy density zinc-bromide flow batteries supplied by pioneering Brisbane-based energy storage company Redflow. Base64 has ordered a RedFlow LSB (Large Scale Battery) unit, a six-metre shipping container-style storage system that uses 60 RedFlow “ZBM3” 11-kilowatt hour (kWh) flow batteries to achieve a total storage capacity of 660 kWh. Read more at Impress Media

Redflow cost per kWh drops 40% as energy throughput doubles

Redflow’s (ASX:RFX) market leading zinc-bromide flow batteries are now available in commercial quantities following completion of the transition of manufacturing to Flextronics. Supply chain transition had been completed and Flextronics (NASDAQ:FLEX) – a US$6.8 billion market cap. – has provided competitive turnkey pricing with effect from 1st March 2015 which the company has accepted. The energy storage and delivery cost over the useful life of these two new products decreases very significantly from the current ZBM. Read more at Proactive Investors