After turnaround year, Redflow aims for growth

Redflow Limited (ASX: RFX) reports it has completed a successful turnaround during 2017-18 and is focussed on growth in the current year.

In a letter to shareholders accompanying the company’s 2017-18 results, Redflow reports that the past year had seen the company successfully set up its wholly owned factory in Thailand, where it now produces its unique zinc-bromine flow batteries.

Chairman Brett Johnson said Redflow’s primary focus was on producing high-quality batteries to meet the commercial and technical requirements of its customers. “Redflow’s priority is to maintain an efficient, high-quality manufacturing facility that, with increasing sales revenue, will progressively improve our gross profit margin,” he said. Continue reading “After turnaround year, Redflow aims for growth”

Darling Building beats energy shortfall with Redflow batteries

Redflow’s ZBM2 zinc-bromine flow batteries have solved the problem of insufficient energy supply that was holding back a $4 million renovation of a heritage-listed building in central Adelaide.

After architectural firm Williams Burton Leopardi bought the derelict 1916 Darling Building, largely neglected since the 1960s, they learned that the planned peak energy demand for the renovated building would require more electricity than the local power grid could supply. The peak power draw during summer was calculated at 290 amps – whereas SA Power Networks could initially supply only 150 amps, although this was later revised upwards to 200 amps.

Williams Burton Leopardi director David Burton said many solutions were so expensive they would have made the renovated building commercially unviable. “We didn’t have the space in the building for a transformer; gas would cost us hundreds of thousands of dollars and ‘winging it’ was not an option,” he said. Continue reading “Darling Building beats energy shortfall with Redflow batteries”

Redflow batteries to power Fiji’s digital TV rollout

Australian energy storage company Redflow Limited has shipped zinc-bromine flow batteries made at its new factory in Thailand to fulfil its largest-ever order for use in a digital television network in Fiji.

New Zealand-based telecommunications infrastructure specialist Hitech Solutions last year chose Redflow’s ZBM2 batteries to provide energy storage for Fiji’s new digital television network which it is deploying for the Fiji Government throughout the Pacific nation, including remote islands.

Hitech Solutions ordered US$1.2 million worth of Redflow ZBM2 batteries to store and supply renewable energy to power the Fijian digital TV network. The company, which has operated a five-battery trial site in Fiji during the past year, intends to scale up its deployment of solar panels and Redflow batteries during the next six months. Hitech will install from five to 60 ZBM2 batteries at more than 10 sites in Fiji, many of which are on hills with no access to the country’s electricity grid. Continue reading “Redflow batteries to power Fiji’s digital TV rollout”

Redflow manufactures complete batteries in Thailand

Redflow is pleased to announce that since commencement of manufacturing of the complete zincbromine battery in Redflow’s new Thai manufacturing facility in June, it now has the capacity to consistently produce 90 ZBM2 batteries per month. These batteries are now being shipped to customers in Australia and overseas with production volumes synchronised with customer demand.

Redflow CEO Tim Harris said manufacturing complete batteries from the factory marked an important milestone for the company. “This achievement is underpinned by our ongoing focus on ensuring the consistent supply of quality batteries from this new facility,” he said. Continue reading “Redflow manufactures complete batteries in Thailand”

Simon Hackett with the redesigned Redflow LSB

Check out Simon Hackett’s keynote from the 2018 Australian Energy Storage conference

Redflow Limited had a high profile at the Australian Energy Storage Conference & Exhibition 2018, held in Adelaide on May 23-24. As well as demonstrating its range of zinc-bromine flow batteries at the exhibition, Redflow technology evangelist and non-executive director Simon Hackett gave a keynote address at the conference on Thursday, May 24.

Simon, who spoke about “Energy storage technology as the enabler of new energy applications and of new business models”, has published his keynote speech from AES 2018 on his website. Click here to listen to and view Simon’s presentation.

In this synchronised audio recording and PowerPoint deck, Simon poses the question: Will a future grid with large amounts of renewable energy storage necessarily use lithium-ion or other conventional battery systems for most of that large-scale energy storage – or are there better ways?  Simon’s presentation examines the role of flow batteries and other energy storage technologies in using renewable energy to build this future energy grid in which “baseload” power generation is on the wane. Simon specifically addresses the need to identify the lifetime environmental impact of ‘environmentally friendly’ energy generation and storage as distinct from just its up-front cost.

Continue reading “Check out Simon Hackett’s keynote from the 2018 Australian Energy Storage conference”

YourDC CEO Scott Hicks

Redflow cuts $1700 in power costs at holiday house

Australian technology entrepreneur Scott Hicks has saved thousands of dollars a year in power costs at his riverside holiday house by adding solar panels and a Redflow ZCell zinc-bromine flow battery.

Mr Hicks, CEO of private data centre provider YourDC, bought the spacious house at Mannum, a Murray River town 84 kilometres east of Adelaide, as an accessible hideaway from the working week. The 10-year-old holiday house is on the banks of the Murray River, among gum trees and wildlife.

However, during his first year, Mr Hicks discovered this peaceful repose came a price – the high cost of electricity. “During the first year, we found that our power bills were huge,” he said. “Our usage peaked at the most expensive time of day because we had lots of air con running.”

After researching solar panels and energy storage systems, Mr Hicks said Redflow’s ZCell zinc-bromine flow battery stood out. “I decided that Redflow was the far superior option out at Mannum where it’s a couple of degrees warmer than in the Adelaide metro area,” he said. Continue reading “Redflow cuts $1700 in power costs at holiday house”

Redflow raises A$18.1M to grow battery sales

Australian energy storage company Redflow Limited (ASX: RFX) today announced it will raise $18.1 million in equity capital to scale up battery production and to grow Australian and international sales.

The Brisbane-based company is raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders.

Redflow Chairman Brett Johnson said Redflow had made significant progress in the past six months. “We’ve opened our new wholly-owned manufacturing facility in Thailand which is making quality battery stacks,” he said.

“We now have the ability to manufacture and supply quality batteries in predictable quantities. The current plan is to increase our manufacturing capacity in Thailand so we can manufacture as many as 90 complete batteries a month by June 2018 and, subject to demand, scale up production to as many as 250 batteries by December 2018. We’ve also appointed a new Chief Executive Officer, Tim Harris, who has extensive international business experience in the telecommunications sector.

Continue reading “Redflow raises A$18.1M to grow battery sales”

How to unlock renewables? Cheaper, cleaner, better batteries

Unlock renewables through cheaper, cleaner, better batteries reports Eco-Business in an interview with Redflow non-executive director and technology evangelist Simon Hackett.

“Energy storage systems provide the missing link in the renewable energy revolution by storing energy from when it is produced—when the wind blows or the sun shines—to when it is needed on a still day or at night,” says Simon Hackett, Redflow’s largest investor and non-executive director, who will speak at the Australian Energy Conference and Exhibition, to be held in Adelaide on 23 and 24 May.

 http://www.eco-business.com/news/how-to-unlock-renewables-cheaper-cleaner-better-batteries/

Redflow board pleased by Thai factory progress

The Redflow Limited board has commended the successful commissioning of the company’s new factory in Thailand after visiting the facility this month.

During the two-day inspection, Redflow directors saw factory staff fully assemble two ZBM2 zinc-bromine flow batteries which are now undergoing post-production acceptance testing.

Redflow Chairman Brett Johnson said the board had been pleased by progress at the factory. “We are impressed by the commitment of the on-site team to producing high-quality components,” he said.

Continue reading “Redflow board pleased by Thai factory progress”

Redflow recruits new skills for next phase of growth

Redflow has named experienced technology executive Tim Harris as its new CEO to focus on the company’s growth and commercialisation.

Long-term Redflow executive Richard Aird returns to the role of Chief Operating Officer, a critical position that focuses his deep skills and experience with development of Redflow’s unique ZBM2 battery to ensure its successful production by the new factory in Thailand. Richard will continue his successful work in driving cost-downs, optimisations and quality improvements in the supply-chain and manufacturing process as the company prepares to ramp-up battery production during 2018.

Since last year’s strategic review, Redflow has transferred its manufacturing operations from North America to Thailand, where it is now successfully producing battery stacks – the critical component of its zinc-bromine flow batteries – and is on track to produce full batteries by June this year.

Tim Harris has extensive international business experience from the telecommunications sector – a key market for Redflow – where he was previously Chief Commercial Officer for Chorus in New Zealand and held senior leadership roles for BT Group in Singapore and the UK. More information about Tim is available at https://redflow.com/about-us/board-management/.

Continue reading “Redflow recruits new skills for next phase of growth”