Australian battery manufacturer Redflow Ltd has established a battery laboratory in Adelaide to assist with its software development and to certify its zinc bromide flow batteries with multiple inverters.
While ASX-listed Redflow (ASX:RFX) has its core R&D facilities in Brisbane, the Kent Town-based lab provides important support for the launch of the company’s residential battery. Last month, Redflow announced that it will launch its residential battery before the end of March with commercial installations scheduled to occur from June this year.
Redflow also reported it had completed an oversubscribed capital raising of $7.36 million and concurrently launched a$5.56 million entitlements offer. These funds will provide extra working capital for its residential battery rollout and to continue developing a new higher energy battery.