Redflow charging at Tesla

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Source: Featured in Sydney Morning Herald Friday 12/02/2016  – This article can also be found in The Age, Courier Mail and the Canberra Times

Home-grown battery developer Redflow has announced it will launch its home battery storage system in late March as it seeks to grab a share of a growing market that risks being cornered by much better known names such as Tesla and Panasonic.

While details of the ‘‘plug&play’’ home battery have yet to be revealed, chief executive Stuart Smith points to significant interest from Redflow’s shareholders, who will be eligible for a discount in the initial launch phase…

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By Angela Macdonald-Smith

Home-grown battery developer Redflow has announced it will launch its home battery storage system in late March as it seeks to grab a share of a growing market that risks being cornered by much better known names such as Tesla and Panasonic.

While details of the ‘‘plug & play’’ home battery have yet to be revealed, chief executive Stuart Smith points to significant interest from Redflow’s shareholders, who will be eligible for a discount in the initial launch phase.

‘‘Having big names like Tesla out there, we don’t see as an issue at all. In fact, it is doing a lot of the heavy lifting for us in terms of market awareness,’’ he said.

‘‘What we have to do is make sure we leverage off that.’’

Redflow will play to the ‘‘Aussie’’ heritage of its 10 kilo watt hour battery, which differs from the lithium-ion technology used by Tesla, being based on a zinc bromide solution it says is better suited to the residential market.

Redflow’s battery could charge and fully discharge every day with no degradation, was better suited to high temperatures and was recyclable, Mr Smith said.

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