18 APRIL 2023

Redflow receives California SGIP approval for its safe, scalable, and sustainable energy storage solutions

Approval signifies continuing rapid commercial progress in California

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Redflow Limited (ASX: RFX), a global leader in clean energy storage, announced today that its safe, scalable, and sustainable energy storage solutions have been approved by the California Public Utilities Commission (“CPUC”) as eligible for the state’s Self-Generation Incentive Program ("SGIP").

SGIP provides rebates to support existing, new, and emerging energy storage resources in California that, when installed, are able to meet all or a portion of the electrical energy needs of a facility. Current SGIP rebates for qualifying distributed energy storage systems installed on the customer's side of the utility meter can range up to USD $1,000 per kilowatt-hour, with the highest amounts for projects deployed within state-designated disadvantaged communities.

Redflow is one of the few non-lithium energy storage providers to have been granted SGIP approval.

Redflow’s zinc-bromine flow batteries become more economically attractive with this approval, enabling access to state incentives that facilitate wider deployment across disadvantaged communities within the state to help accelerate the transition to a carbon-free future in a range of behind-the-meter applications.

Redflow Chief Executive Officer and Managing Director Tim Harris said, “With more than ten years of experience delivering energy storage solutions and supporting critical infrastructure, our rugged technology has already been proven in a wide range of harsh environments, and is well-placed to support the needs of disadvantaged communities in California as outlined in the SGIP guidelines.”

“With the need for energy storage solutions rapidly rising, we’re looking forward to making our field-tested systems more accessible to commercial and industrial organisations,” said Mr. Harris.

SGIP approval will complement Redflow’s existing presence in California which includes the 2 MWh zinc-bromine flow battery system at Anaergia Rialto Bioenergy facility. This is Redflow’s largest commercial deployment, and the energy storage system also recently celebrated a successful first year in operation.

The twelve Energy Pods are monitored remotely via Redflow’s cloud-based battery management system and integrate seamlessly at the site with various other clean energy technologies. Redflow expects to implement similar systems for other commercial clients across North America.

 

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