Sparks could fly as Tesla faces Aussie battery rival

A seasoned Australian entrepreneur is taking the fight to Tesla’s Elon Musk by marketing an alternative to his popular Powerwall. Tesla’s Powerwall battery lets consumers store solar panel ­energy and off-peak mains ­energy for later use, and is proving extremely popular. However, Mr Musk won’t have the sunny Australian market to himself. Yesterday Simon Hackett, a well known entrepreneur and executive chairman of battery ­solutions firm Redflow said his company would next month launch its battery for home use. Delivery would be midyear. Read the full article at the Australian 

 

Off-grid suburb a ‘perfect storm’ for energy giants

Australian energy companies are facing a “perfect storm” as renewable alternatives are hastening the move to off-grid electricity. Earlier this month US energy giant Brookfield announced it had signed a deal with property group LWP to build a new suburb near Newcastle, NSW, powered entirely off-grid, challenging incumbent industries to adapt or perish. The move has enormous implications for rural and regional communities throughout Australia where the tyranny of distance has often led to towns becoming stranded at the far end of a very long energy line. Simon Hackett, chair of RedFlow —an Australian company that designs off-grid batteries — told Fairfax the Australian energy industry is facing a “perfect storm”. “The combination of high energy prices, widespread deployment of photovoltaic solar panels (PV), a ready supply of sunshine and the looming presence of widespread, affordable and effective energy storage systems is encouraging customers to look for other ways to supply their energy needs,” he said. Read the full story at the Sydney Morning Herald

SNS Fire conference names Redflow a 2015 FiReStarter Company

Strategic News Service (SNS) selected Redflow has been selected as a 2015 FiReStarter company for the 13th annual Future in Review (FiRe) conference. Described by The Economist as “the best technology conference in the world,” FiRe features global thought leaders in technology and the global economy, including Elon Musk, Craig Venter, Michael Dell, Vint Cerf, Leroy Hood, Patti Grace Smith, Mark Hurd, Paul Jacobs, and many others. FiReStarters are selected based on the strength of their innovations and their potential to bring positive change to the world, and are showcased at an exclusive investor reception at the FiRe conference, in panels throughout the event, and with ongoing relationships introduced and supported by SNS. Read the full story at MarketWatch 

Redflow welcomes Tesla to the battery market, as investors including Graeme Wood and Simon Hackett pour in another $16 million

Redflow has welcomed the entry of US electric car maker Tesla to the large-scale battery market, after investors poured an additional $16.1 million into the zinc-bromide module (ZBM) maker. The startup raised approximately $9.7million, along with a $6.4 million entitlement offer. The entitlement offer allowed existing shareholders to purchase one new share for every seven they already owned reports. Read more at SmartCompany

Redflow ZBM2 battery

Energy storage sector boosted by Tesla entry, says Redflow

Australian battery technology provider Redflow has welcomed Tesla’s entry to the advanced energy storage sector, saying the move has 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 reports ITWire

 

 

RedFlow raises $16.7M with large investor appetite

Redflow (ASX:RFX) has received strong shareholder support in raising $7 million in an oversubscribed pro-rata non-renounceable entitlement offer. The company accepted some oversubscriptions as the initial plan was to raise $6.4 million. The raising was priced at $0.20 and also comprised a A$9.7 million placement, for a total raise of around $16.7 million. Shares last traded a $0.23, a premium to the offer. Redlow produces a unique modular zinc-bromide flow battery which provides cost effective, safe energy utilisation and storage.. Read more at Proactive Investors

Hackett powers ahead with RedFlow at Base64

Technology entrepreneur Simon Hackett today reveals plans to enhance Base64, his $7 million renovated office complex built around an historic Adelaide mansion, by installing Australian-developed energy storage and management systems. The core of the system will contain high energy density zinc-bromide flow batteries supplied by pioneering Brisbane-based energy storage company Redflow. Base64 has ordered a RedFlow LSB (Large Scale Battery) unit, a six-metre shipping container-style storage system that uses 60 RedFlow “ZBM3” 11-kilowatt hour (kWh) flow batteries to achieve a total storage capacity of 660 kWh. Read more at Impress Media