Redflow reveals Thai battery production timeline at 2017 AGM

Australian battery company Redflow Limited will start manufacturing battery components at its new factory in Thailand next month, the company Chairman Brett Johnson told today’s 2017 Annual General Meeting in Brisbane.

“We are expecting to commence the initial manufacture of components for our electrode stacks during December and are on-track to have manufactured our first complete electrode stack by the end of January 2018,” Mr Johnson told shareholders at the AGM.

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Meet new Redflow Chairman and CEO at AGM, Friday, November 24, 2017

Redflow Limited (ASX:RFX) will hold its 2017 Annual General Meeting from 10.30am (Queensland Standard Time) on Friday, November 24, at the Jindalee Hotel, Sinnamon Road, in the Brisbane suburb of Jindalee.

Redflow’s new non-executive Chairman Brett Johnson will address the meeting, providing details about progress of Redflow’s planned manufacturing facility in Thailand. Redflow’s recently appointed Chief Executive Officer Richard Aird will also attend the AGM. Redflow’s largest investor and non-executive director Simon Hackett will provide a brief technical presentation during the meeting.

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Redflow aims for 250 batteries/month from Thailand

Australian battery company Redflow Limited aims to produce as many as 3000 batteries a year from its new Thai factory, which it is currently fitting out, reports Redflow Chairman Brett Johnson.

In a letter to shareholders, Mr Johnson said that once the Thai facility was fully operational, it would have the capacity to manufacture as many as 250 batteries a month. “I am confident that once our new factory is producing quality batteries, Redflow will be able to demonstrate that it has a unique and viable product with real benefits for many energy storage applications,” he said. Continue reading “Redflow aims for 250 batteries/month from Thailand”

Queensland home sets Redflow residential record

A Queensland family has chosen ZCell batteries to guarantee that their new home has electricity without any power bills in the largest Australian residential energy storage system to date for Redflow.  The Bates family’s six-battery, 60 kilowatt-hour (kWh) system ensures complete off-grid operation for their recently built home on a cattle and grain property, about 2.7 kilometres from mains power.

When Scott and Breeann Bates built their new house near Wallumbilla, they chose a ZCell-based energy storage system to give them uninterrupted power, grid-independence and no power bills rather than pay many thousands of dollars per kilometre to connect mains power to the house. ZCell batteries are produced by Redflow Limited, the ASX-listed company that has developed the world’s smallest zinc-bromine flow battery. The system was installed by Off-Grid Energy Australia.

Breeann Bates said the ZCell-based system was living up to their expectations. “We are really impressed with it,” she said. “Scott wanted to be able to do everything on batteries that we could do on mains power and not compromise our way of living. It’s cold in the morning, so we’re running the heaters to keep our three kids warm, and we keep them on until the day warms up. Continue reading “Queensland home sets Redflow residential record”

Redflow starts battery line install in Thai factory

Australian battery company Redflow Limited has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year.

Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.

Redflow has also obtained all required Thai regulatory approvals to operate its factory within the free trade zone. This week Redflow has sent an engineering team from its Brisbane office to Thailand to assist its manufacturing partner MPTS with installing and commissioning the equipment.

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Redflow restructures leadership team for growth

Australian battery company Redflow Limited (Redflow) today announces leadership changes, including a new Managing Director and CEO and an Independent Non-Executive Chairman, effective immediately, as it prepares to commence manufacturing in Thailand and grow battery sales during the next 12 months.

Appointment of Chief Executive Officer / Managing Director

Redflow’s largest shareholder Simon Hackett – who became acting CEO 12 months ago – has stepped aside from his executive role after completing a year-long mission to refocus, redirect and recapitalise the business. Simon will continue as a non-executive director with special oversight for technology-related matters.

The Redflow Board has promoted Chief Operating Officer, Richard Aird, as CEO to accelerate the company’s new strategic direction announced in May. With more than 20 years’ experience in commercial development and operations, Richard has a thorough understanding of Redflow and its technology from holding various roles with the company since 2009. He has the skills and expertise needed to drive the company as it starts manufacturing batteries in Thailand and implements cost downs in battery production. Discussions regarding terms of engagement to reflect Richard’s new role are well advanced and will be disclosed in accordance with the listing rules when finalised. Continue reading “Redflow restructures leadership team for growth”

Bosco Printed Circuits director Philip Verheul

South African factory beats power cuts with Redflow batteries

South Africa’s largest manufacturer of printed circuits has beaten frequent power outages and cut its energy costs by deploying Australian-designed Redflow zinc-bromine flow batteries.

Unreliable mains power supplies meant Johannesburg-based Bosco Printed Circuits often had its production line stopped in mid-shift by power cuts, which could occur as often as twice a week. These stoppages each cost as much as 10,000 rand (A$1000) in wasted materials as well as disrupting Bosco’s tight delivery schedule to its many customers in the mining, security and industrial electronics sectors.

Bosco solved these power cut problems by installing 14 ZBM2 zinc-bromine flow batteries, from Brisbane-based Redflow Limited, which now keep its production line running through power cuts. Continue reading “South African factory beats power cuts with Redflow batteries”

Hi-Tech places second US$600,000 order for Redflow batteries

Australian battery company Redflow Limited has repeated its largest ever sale of ZBM2 zinc-bromine flow batteries, after receiving a second international order worth about US$600,000 (A$750,000).

Auckland-based Hi-Tech Solutions placed this latest order for a major, multiple stage project which is using Redflow’s ZBM2 batteries to build advanced hybrid energy storage systems that will deliver reliable power to multiple remote sites in a Pacific Island nation. Hi-Tech specialises in providing telecommunications and infrastructure services for clients in New Zealand and internationally. Redflow has completed delivery of all batteries to fulfil Hi-Tech’s first order, announced in May.

Redflow CEO Simon Hackett said this repeat large sale validated the appeal of ZBM2 batteries to displace lead-acid batteries for network power applications in demanding and remote environments. “We are delighted that Hi-Tech has again chosen Redflow batteries,” he said.

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Redflow chooses Thailand for battery factory

Redflow Limited has today announced it has established a company in Thailand to manage the production of its zinc-bromine flow batteries in South East Asia. This follows the ASX-listed company’s announcement in May of its decision to move battery manufacturing from North America to South East Asia, to be closer to its most lucrative markets, in Australia, Oceania and southern Africa, and to reduce production costs.

In a statement to the ASX this morning, Redflow reported that it has established Redflow (Thailand) Limited, which is negotiating a lease on premises in a Thai free trade zone. It is also seeking Thai licensing and regulatory approvals. As well as its location, close to Redflow’s supply chain and marketplaces, Thailand offers good manufacturing expertise, competitive logistics, an attractive labour cost and effective tax treatment for international manufacturers within its free trade zone structure.

Redflow CEO Simon Hackett said the final North American production batch of ZBM2 batteries was now in transit to Australia. “I’m pleased to report that our stack manufacturing equipment from North America has arrived in Thailand ahead of schedule,” he said.

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Redflow cashes up to target battery demand areas

Australian battery company Redflow Limited today unveiled an investment package that will raise $14.5 million to target sustainable delivery of its zinc-bromine flow batteries to high demand areas such as telecommunications. Redflow’s capital-raising follows its May announcement of decisions from a strategic review including:

  • Prioritising sales to supply proven demand areas including mature telecommunications / industrial / commercial, remote/off-grid power and ‘weak-grid’ market segments
  • Transitioning battery production to South East Asia at a more appropriate manufacturing site to leverage proximity to proven markets and reduce supply chain costs
  • Implementing a range of key battery cost-down projects to reduce delivered product manufacturing cost by at least 30 per cent over the next 18 months, and
  • Targeting sustainable cashflow-positive operations by the end of 2018.

Redflow has provided an Investor Presentation containing details of the outcome of its Strategic Review and consequent activities undertaken or planned by the company, plus its new manufacturing partner, Malaysian-based MPTS, a long-term supplier of a core component of Redflow’s battery stack.

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