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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Redflow welcomes safety-first fire rules for batteries

Australian battery company Redflow Limited (ASX:RFX) has welcomed proposed new regulations that prioritise fire safety for the deployment of lithium-based batteries inside homes.

Standards Australia has released final draft recommendations that require lithium-ion batteries – which are classified as “fire hazard class 1” – must not be installed inside a domestic dwelling, within a metre of any access or egress area or under any part of a domestic dwelling. There are no current Standards Australia regulations for in-home battery installations.

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Dutch farm deploys six Redflow batteries

In a Netherlands first, a Dutch dairy farm has deployed six Redflow ZBM2 zinc-bromine flow batteries to store self-produced solar energy that can support its milk production with sun-harvested energy. Dubbed the Photon Farmer, the project aims to store solar energy for the farm’s use with six 10 kilowatt hour (kWh) ZBM2 batteries, the first Redflow deployment in the Netherlands.

Located at Vierakker in the eastern Netherlands, the 57.5-hectare family-owned farm currently stocks 110 dairy cows. Due to public importance, the European Union is co-financing the deployment, which could revolutionise energy supply by supporting businesses to become energy independent. ICL, a leading global producer of bromine and supplier of the advanced zinc-bromide electrolyte used in ZBM2 batteries, proposed Redflow for the Photon Farmer project because of the ground-breaking advantages of zinc-bromine flow batteries over older battery types such as lithium and lead-acid.

Redflow Global Sales Director Andrew Kempster, who is visiting the Netherlands this week for the project’s launch, said the Photon Farmer had produced energy with solar panels for several years. “The battery project is seeking the best business model for future local sustainable energy production, including energy storage in a battery,” he said. “Our zinc-bromine flow battery technology is well-suited for this project.”

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Redflow secures A$800,000 battery sale for tropics

Australian energy storage specialist Redflow today announces its largest single sale of ZBM2 zinc-bromine flow batteries, worth about US$600,000 (A$800,000), for multiple sites in the Pacific Islands. Redflow partner Vertiv (formerly Emerson Network Power) will provide the batteries for an energy storage solution being designed by New Zealand-based Hi-Tech Solutions.

Hitech is building advanced hybrid energy storage systems to provide reliable, remote power to multiple sites in a Pacific Island nation. This first ZBM2 order from Hi-Tech supports the first stage of a multiple stage project.

Redflow CEO Simon Hackett said this major sector sale recognised the unique advantages of its batteries. “This high-workload deployment in the tropics is ideal for our zinc-bromine flow batteries,” he said.

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Former Santos CEO joins Redflow board

Australian energy storage specialist Redflow Limited has recruited former Santos Managing Director and CEO David Knox to its board of directors as the company starts a pivotal year.

As a non-executive director, Mr Knox will contribute valuable international business skills to Redflow from his eight years leading Santos and, before that, senior roles globally with BP, Shell and ARCO.

Mr Knox, who also sits on the board of CSIRO, 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. Continue reading “Former Santos CEO joins Redflow board”

Simon Hackett shows his home ZBM2 energy system

CCGX Solar Generation Example
Redflow Executive Chairman and CEO Simon Hackett reports that his ZBM2-based energy storage system works very well indeed – and flawlessly from the standpoint of his family, who see a house that ‘just works’ – even when the grid doesn’t. “We all appreciate seeing the house operating well into most evenings on time-shifted solar energy harvested during the day,” writes in a blog published at https://simonhackett.com/2016/11/28/home-redflow-zbm-installation/.

Former Internode director joins Redflow board as company readies for residential battery launch

Redflow has appointed experienced technology industry executive Patrick Tapper to its board of directors, just one week before its residential battery launch. With more than 25 years experience in the telecommunications, technology, media, and entertainment industries, Mr. Tapper will hold a non-executive role at Redflow starts its next phase of growth.

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