Recent announcements by Tesla in the US, based on the use of Lithium-ion based battery modules, have substantially 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.
The increased interest in energy storage and generation technology, and the opportunities this presents, is both timely and appropriate. Redflow welcomes Tesla’s arrival to this sector and the enhanced attention it has attracted.
Following this release, we have received a number of enquiries from stakeholders about the commercial implications of Tesla’s entry into the market and Redflow hereby responds openly to the issues raised and market perceptions.
Redflow presently delivers one of the world’s only currently available commercial modular flow batteries… see the full ASX release here