Redflow - The Holy Grail? (Seite 4)
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Redflow news: July 6, 2018
Redflow manufactures complete batteries in Thailand
Redflow is pleased to announce that since commencement of manufacturing of the complete zinc-bromine 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.
“After rigorous qualification of our manufacturing process during the first half of 2018, we are very happy with the quality of these Thai-made batteries. We have already started shipping these complete batteries to customers in Australia and internationally and we look forward to scaling up production at a rate appropriate to market demand.
“With the establishment of a high quality and consistent manufacturing of the ZBM2 battery we can now confidently work with our customers and channel partners to realise opportunities in the application areas and industries that best suit the unique capabilities of our batteries.”
Redflow’s 10 kilowatt-hour (kWh) zinc-bromine flow batteries are designed for demanding energy storage applications in the residential, commercial & industrial and telecommunications sectors. Marketed as ZBM2 and ZCell, Redflow batteries can scale from a single battery installation through to grid-scale deployments.
Redflow, which sells its zinc-bromine flow batteries through an authorised partner network in Australia and internationally, is focussed on supplying key energy storage markets in Asia, Africa and Australasia.
Redflow manufactures complete batteries in Thailand
Redflow is pleased to announce that since commencement of manufacturing of the complete zinc-bromine 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.
“After rigorous qualification of our manufacturing process during the first half of 2018, we are very happy with the quality of these Thai-made batteries. We have already started shipping these complete batteries to customers in Australia and internationally and we look forward to scaling up production at a rate appropriate to market demand.
“With the establishment of a high quality and consistent manufacturing of the ZBM2 battery we can now confidently work with our customers and channel partners to realise opportunities in the application areas and industries that best suit the unique capabilities of our batteries.”
Redflow’s 10 kilowatt-hour (kWh) zinc-bromine flow batteries are designed for demanding energy storage applications in the residential, commercial & industrial and telecommunications sectors. Marketed as ZBM2 and ZCell, Redflow batteries can scale from a single battery installation through to grid-scale deployments.
Redflow, which sells its zinc-bromine flow batteries through an authorised partner network in Australia and internationally, is focussed on supplying key energy storage markets in Asia, Africa and Australasia.
Redflow news: April 26, 2018
Redflow raises A$18.1M to grow battery sales
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.
“The ability to manufacture quality batteries and Tim’s appointment permits Redflow to invest in the development of a well-articulated growth strategy focusing on the sales, marketing and support infrastructure the company requires to successfully penetrate the international energy storage market.
“This growth strategy will include the identification of potential sales, marketing and manufacturing joint venture partners. We are also focused on continued reduction in the manufacturing cost of the Redflow battery.”
Redflow will invest the additional working capital in this growth strategy as well as manufacturing, raw materials, inventory and cost reduction. The company is raising a total of $18.1 million before transaction costs, comprising $7.5 million through a placement to new investors and a further $10.6 million through a fully underwritten non-renounceable entitlement offer to all current shareholders.
Mr Johnson said the board had decided to raise most of the new capital through an entitlement offer to permit existing shareholders to participate in this growth phase for Redflow. “This is a key reason the issue price has been set at the same ten cents per-share as the 2017 placement,” he said.
“The Redflow board fully supports the entitlement offer. Redflow’s largest shareholder and non-executive director Simon Hackett will invest more than $1.8 million to take up his fullrightsin the entitlement issue. Tim Harris will take part in the capital raising by supporting the underwriting of the entitlement offer.
“To date, shareholders have invested in development of the Redflow battery and in the creation of a manufacturing facility. We believe we are positioned now to transition from a research & development company into a fully operational manufacturing, sales, marketing and product support organisation.”
Redflow remains focussed on selling its ZBM2 and ZCell zinc-bromine flow batteries through an authorised partner network in Australia and internationally to customers for telecommunications, commercial & industrial and high-value and off-grid residential energy storage applications. Redflow will focus on key markets across Africa, Asia Pacific and Australasia.
Mr Johnson reported that Redflow is also actively investigating strategic opportunities in China after being approached by several Chinese entities. “China is forecast to be one of the largest single markets for energy storage, accounting for as much as 70per cent of the Asia-Pacific market,” he said. “We will continue to engage with selected parties to assess potential partnership options.”
Redflow raises A$18.1M to grow battery sales
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.
“The ability to manufacture quality batteries and Tim’s appointment permits Redflow to invest in the development of a well-articulated growth strategy focusing on the sales, marketing and support infrastructure the company requires to successfully penetrate the international energy storage market.
“This growth strategy will include the identification of potential sales, marketing and manufacturing joint venture partners. We are also focused on continued reduction in the manufacturing cost of the Redflow battery.”
Redflow will invest the additional working capital in this growth strategy as well as manufacturing, raw materials, inventory and cost reduction. The company is raising a total of $18.1 million before transaction costs, comprising $7.5 million through a placement to new investors and a further $10.6 million through a fully underwritten non-renounceable entitlement offer to all current shareholders.
Mr Johnson said the board had decided to raise most of the new capital through an entitlement offer to permit existing shareholders to participate in this growth phase for Redflow. “This is a key reason the issue price has been set at the same ten cents per-share as the 2017 placement,” he said.
“The Redflow board fully supports the entitlement offer. Redflow’s largest shareholder and non-executive director Simon Hackett will invest more than $1.8 million to take up his fullrightsin the entitlement issue. Tim Harris will take part in the capital raising by supporting the underwriting of the entitlement offer.
“To date, shareholders have invested in development of the Redflow battery and in the creation of a manufacturing facility. We believe we are positioned now to transition from a research & development company into a fully operational manufacturing, sales, marketing and product support organisation.”
Redflow remains focussed on selling its ZBM2 and ZCell zinc-bromine flow batteries through an authorised partner network in Australia and internationally to customers for telecommunications, commercial & industrial and high-value and off-grid residential energy storage applications. Redflow will focus on key markets across Africa, Asia Pacific and Australasia.
Mr Johnson reported that Redflow is also actively investigating strategic opportunities in China after being approached by several Chinese entities. “China is forecast to be one of the largest single markets for energy storage, accounting for as much as 70per cent of the Asia-Pacific market,” he said. “We will continue to engage with selected parties to assess potential partnership options.”
Antwort auf Beitrag Nr.: 56.107.925 von R-BgO am 06.11.17 09:30:40Redflow news, February 20, 2018
Redflow simplifies Large Scale Battery design
Redflow Limited (ASX: RFX) has simplified using its zinc-bromine flow batteries in large energy storage systems by integrating plug-and-play technology into its LSB (Large Scale Battery) reference platform.
Implemented in an LSB installed at Simon Hackett’s Base64 property in Adelaide, the new design incorporates six 12-kilowatt (kW) Victron Quattro 48/15000 battery inverter/chargers with 45 Redflow ZBM2 batteries. By implementing this improved design, the Base64 LSB will deliver an energy storage capacity of 450 kilowatt-hours (kWh).
The LSB Reference Platform is a container-sized deployment of Redflow batteries, which can operate as a single ‘virtual” battery to assist Redflow system integrators with designing and deploying larger energy storage systems. Base64 installed its original LSB in 2016, running it for about a year before undertaking the redesign process in conjunction with Redflow.
The redesigned LSB is installed at the back of Base64’s western carpark, beneath an innovative tree-like mounting system that ‘floats’ a 50-kilowatt peak (kWp) array of solar panels above staff and visitor cars. Base64 has an additional 20kWp of solar panels installed elsewhere in the precinct.
Base64 Managing Director Simon Hackett, who is a non-executive director of Redflow, described the Base64 energy system as a “fantastic learning experience”. “The system is built around a Redflow ZBM2 LSB battery system, which is charged by energy harvested from our solar array,” he said.
“Although we initially purchased a large industrial AC inverter with the LSB, it lacked the monitoring, logging or control systems to let it interact with our on-site solar. While we could charge and discharge our large battery ‘manually’, we couldn’t integrate it with the building, without an expensive consulting project to develop a bespoke third-party control system.”
Mr Hackett said the solution appeared after he gained deep experience using Victron Energy inverter/charger systems. “All of the energy system control, management and data logging technology we needed comes ‘out of the box’ with the Victron Energy CCGX controller unit,” he said.
“Industrial scale systems are still in the dark ages in terms of the stuff that Victron Energy has ‘nailed’. Victron supplies great, easy to use, easy to understand, effective and powerful out-of-the-box energy system control software and hardware. It also comes with an excellent integrated web-accessible portal for remote data logging, analysis and remote site system control.
“So, we pulled the LSB apart and rebuilt it using Victron Energy products and control systems to deliver a fantastic operational result, with optimal use of the solar energy to drive the building, charge the batteries, and support the building load at night – just like at home, but on a large scale - without facing a huge software development cost for just the old proprietary inverter system.
“It’s very satisfying to run an office in the middle of a major city that typically uses very little grid energy, is resilient to grid faults, and even exports solar energy to the grid.
“Using Victron plug-and-play systems has turned out far cheaper and better than bespoke software would have. It also creates a signature example of a large-scale Victron Energy deployment running a substantial multi-building site. I hope this redesigned LSB inspires members of the global Victron Energy installation community to consider using Redflow battery technology at this sort of scale.”
Redflow simplifies Large Scale Battery design
Redflow Limited (ASX: RFX) has simplified using its zinc-bromine flow batteries in large energy storage systems by integrating plug-and-play technology into its LSB (Large Scale Battery) reference platform.
Implemented in an LSB installed at Simon Hackett’s Base64 property in Adelaide, the new design incorporates six 12-kilowatt (kW) Victron Quattro 48/15000 battery inverter/chargers with 45 Redflow ZBM2 batteries. By implementing this improved design, the Base64 LSB will deliver an energy storage capacity of 450 kilowatt-hours (kWh).
The LSB Reference Platform is a container-sized deployment of Redflow batteries, which can operate as a single ‘virtual” battery to assist Redflow system integrators with designing and deploying larger energy storage systems. Base64 installed its original LSB in 2016, running it for about a year before undertaking the redesign process in conjunction with Redflow.
The redesigned LSB is installed at the back of Base64’s western carpark, beneath an innovative tree-like mounting system that ‘floats’ a 50-kilowatt peak (kWp) array of solar panels above staff and visitor cars. Base64 has an additional 20kWp of solar panels installed elsewhere in the precinct.
Base64 Managing Director Simon Hackett, who is a non-executive director of Redflow, described the Base64 energy system as a “fantastic learning experience”. “The system is built around a Redflow ZBM2 LSB battery system, which is charged by energy harvested from our solar array,” he said.
“Although we initially purchased a large industrial AC inverter with the LSB, it lacked the monitoring, logging or control systems to let it interact with our on-site solar. While we could charge and discharge our large battery ‘manually’, we couldn’t integrate it with the building, without an expensive consulting project to develop a bespoke third-party control system.”
Mr Hackett said the solution appeared after he gained deep experience using Victron Energy inverter/charger systems. “All of the energy system control, management and data logging technology we needed comes ‘out of the box’ with the Victron Energy CCGX controller unit,” he said.
“Industrial scale systems are still in the dark ages in terms of the stuff that Victron Energy has ‘nailed’. Victron supplies great, easy to use, easy to understand, effective and powerful out-of-the-box energy system control software and hardware. It also comes with an excellent integrated web-accessible portal for remote data logging, analysis and remote site system control.
“So, we pulled the LSB apart and rebuilt it using Victron Energy products and control systems to deliver a fantastic operational result, with optimal use of the solar energy to drive the building, charge the batteries, and support the building load at night – just like at home, but on a large scale - without facing a huge software development cost for just the old proprietary inverter system.
“It’s very satisfying to run an office in the middle of a major city that typically uses very little grid energy, is resilient to grid faults, and even exports solar energy to the grid.
“Using Victron plug-and-play systems has turned out far cheaper and better than bespoke software would have. It also creates a signature example of a large-scale Victron Energy deployment running a substantial multi-building site. I hope this redesigned LSB inspires members of the global Victron Energy installation community to consider using Redflow battery technology at this sort of scale.”
Antwort auf Beitrag Nr.: 56.032.212 von R-BgO am 26.10.17 13:41:08November 6, 2017
Redflow aims to produce 250 batteries per month from Thailand
Australian battery company Redflow Limited aims to produce as many as 3000 batteries a year from its new Thai factory, which it is currently fitting out, reports Redflow Chairman Brett Johnson.
In a letter to shareholders, Mr Johnson said that once the Thai facility was fully operational, it would have the capacity to manufacture as many as 250 batteries a month. “I am confident that once our new factory is producing quality batteries, Redflow will be able to demonstrate that it has a unique and viable product with real benefits for many energy storage applications,” he said.
“Our initial sales focus will be on market sectors with established battery demand where our technology has a clear competitive advantage over conventional batteries, notably lead-acid. These markets include telecommunications and network power and applications where there is either no or limited grid power available.”
ASX-listed Redflow announced last month that it has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year. Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.
Mr Johnson, who became Redflow’s independent non-executive Chairman in September, has more than 10 years’ experience as a director of listed companies, including Scott Corporation Limited and Helloworld Limited. He also worked for more than 25 years as a senior executive of listed Australian companies, including Memtec Limited and Qantas Airways Limited.
Mr Johnson said Redflow CEO Richard Aird and his team were working tirelessly to establish the company’s new manufacturing facility near Bangkok. “While fully supporting the work in Thailand, the Redflow team in Brisbane continues to enhance our battery technology, support our customer base and manufacture a limited number of batteries to ensure supply for our customers,” he said.
“Redflow is at an exciting point in its history, after developing the world’s smallest zinc-bromine flow batteries with unique energy storage benefits; having established demand for its batteries from telecommunications, commercial and residential customers; and recently starting the installation of its production line equipment at a new factory in Thailand.
“Redflow’s sales team is working with our ZBM2 and ZCell installation partners to ensure that once battery production commences in Thailand, we have the orders and strategy to increase our installed base of Redflow batteries.”
Mr Johnson said that Redflow’s largest shareholder Simon Hackett, who was acting CEO and Executive Chairman until September, remained fully engaged with the company as a non-executive director and a champion for its world-leading energy storage technology.
Mr Johnson’s letter also noted that Redflow’s 2017 Annual General Meeting is scheduled for 10.30am on Friday, November 24, at the Jindalee Hotel, near the company’s head office in Brisbane.
Redflow aims to produce 250 batteries per month from Thailand
Australian battery company Redflow Limited aims to produce as many as 3000 batteries a year from its new Thai factory, which it is currently fitting out, reports Redflow Chairman Brett Johnson.
In a letter to shareholders, Mr Johnson said that once the Thai facility was fully operational, it would have the capacity to manufacture as many as 250 batteries a month. “I am confident that once our new factory is producing quality batteries, Redflow will be able to demonstrate that it has a unique and viable product with real benefits for many energy storage applications,” he said.
“Our initial sales focus will be on market sectors with established battery demand where our technology has a clear competitive advantage over conventional batteries, notably lead-acid. These markets include telecommunications and network power and applications where there is either no or limited grid power available.”
ASX-listed Redflow announced last month that it has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year. Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.
Mr Johnson, who became Redflow’s independent non-executive Chairman in September, has more than 10 years’ experience as a director of listed companies, including Scott Corporation Limited and Helloworld Limited. He also worked for more than 25 years as a senior executive of listed Australian companies, including Memtec Limited and Qantas Airways Limited.
Mr Johnson said Redflow CEO Richard Aird and his team were working tirelessly to establish the company’s new manufacturing facility near Bangkok. “While fully supporting the work in Thailand, the Redflow team in Brisbane continues to enhance our battery technology, support our customer base and manufacture a limited number of batteries to ensure supply for our customers,” he said.
“Redflow is at an exciting point in its history, after developing the world’s smallest zinc-bromine flow batteries with unique energy storage benefits; having established demand for its batteries from telecommunications, commercial and residential customers; and recently starting the installation of its production line equipment at a new factory in Thailand.
“Redflow’s sales team is working with our ZBM2 and ZCell installation partners to ensure that once battery production commences in Thailand, we have the orders and strategy to increase our installed base of Redflow batteries.”
Mr Johnson said that Redflow’s largest shareholder Simon Hackett, who was acting CEO and Executive Chairman until September, remained fully engaged with the company as a non-executive director and a champion for its world-leading energy storage technology.
Mr Johnson’s letter also noted that Redflow’s 2017 Annual General Meeting is scheduled for 10.30am on Friday, November 24, at the Jindalee Hotel, near the company’s head office in Brisbane.
Trading Spotlight
Antwort auf Beitrag Nr.: 55.833.111 von R-BgO am 27.09.17 12:31:42Redflow news: October 26, 2017
Redflow starts installing battery production line in Thai factory
Australian battery company Redflow Limited has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year.
Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.
Redflow CEO Richard Aird recently visited Thailand to finalise the lease agreement with DavidNadone, Chief Executive Officer and President of Hemaraj Land and Development Public Co Ltd, a subsidiary of WHA Corporation.
Redflow has also obtained all required Thai regulatory approvals to operate its factory within the free trade zone. This week Redflow has sent an engineering team from its Brisbane office to Thailand to assist its manufacturing partner MPTS with installing and commissioning the equipment.
Redflow starts installing battery production line in Thai factory
Australian battery company Redflow Limited has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year.
Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.
Redflow CEO Richard Aird recently visited Thailand to finalise the lease agreement with DavidNadone, Chief Executive Officer and President of Hemaraj Land and Development Public Co Ltd, a subsidiary of WHA Corporation.
Redflow has also obtained all required Thai regulatory approvals to operate its factory within the free trade zone. This week Redflow has sent an engineering team from its Brisbane office to Thailand to assist its manufacturing partner MPTS with installing and commissioning the equipment.
Antwort auf Beitrag Nr.: 53.216.628 von R-BgO am 06.09.16 13:48:36
Redflow restructures leadership team for growth
Australian battery company Redflow Limited (Redflow) today announces leadership changes, including a new Managing Director and CEO and an Independent Non-Executive Chairman, effective immediately, as it prepares to commence manufacturing in Thailand and grow battery sales during the next 12 months.
Appointment of Chief Executive Officer / Managing Director
Redflow’s largest shareholder Simon Hackett - who became acting CEO 12 months ago – has stepped aside from his executive role after completing a year-long mission to refocus, redirect and recapitalise the business. Simon will continue as a non-executive director with special oversight for technology-related matters.
The Redflow Board has promoted Chief Operating Officer, Richard Aird (pictured left), as CEO to accelerate the company’s new strategic direction announced in May. With more than 20 years’ experience in commercial development and operations, Richard has a thorough understanding of Redflow and its technology from holding various roles with the company since 2009. He has the skills and expertise needed to drive the company as it starts manufacturing batteries in Thailand and implements cost downs in battery production. Discussions regarding terms of engagement to reflect Richard’s new role are well advanced and will be disclosed in accordance with the listing rules when finalised.
Appointment of Independent Chairman
Redflow has also recruited Brett Johnson (left), Qantas General Counsel from 1995-2012, to its Board as Independent Non-Executive Chairman, replacing Simon Hackett. Brett brings extensive experience including directorships of listed companies, Scott Corporation Limited (2005-2014) and Helloworld Limited (2009-2016), where he was Chairman from August 2014 until December 2015.
Role of former Executive Chairman
Simon's technology oversight role will comprise external communications, public advocacy for the company’s zinc-bromine flow battery technology and guiding its continuing technical development and direction. This includes continued involvement with development of the Battery Management System (BMS) that he architected; simplifying, standardising and documenting battery interface, configuration and performance tuning at customer sites, and providing key input into installer training processes.
Restructuring for growth
During the past year, Redflow has completed a major strategic redirection. It is transitioning battery production from Mexico to Thailand, refocusing its sales and marketing on lead-acid replacement cycles in the telecommunications, commercial, industrial and off-grid residential sectors, and has raised an additional $14.5 million in equity - including $4 million from Simon Hackett.
Redflow’s incoming Chairman, Brett Johnson, said he was excited to join the company. “Redflow has a unique and compelling value proposition in the booming energy storage market,” he said.
“During the past year, Simon and the Board have identified and implemented a strategy to grow battery manufacturing and sales significantly. I look forward to working with Richard and the Board to focus on this strategy and move Redflow to being a truly successful Australian technology company.”
Redflow CEO Richard Aird said the company was focussed on the successful production of batteries in Thailand. “Once the new factory is operating, we will undertake a series of further cost-down initiatives to ensure our batteries are both profitable and competitive,” he said.
Simon Hackett said today’s leadership changes would advantage the success of Redflow. “These enhancements to our management and Board structure are designed to ensure we have right people working in their respective areas of strength,” he said.
“With running the business and the Board now in the hands of professionals in those fields, I can focus my passion, skills and energy on successfully overseeing the interface between Redflow’s unique technology into real-world energy systems, and communication of these benefits to customers and industry.
“The past year has seen strong demand for our batteries, so my goal is to ensure that as we scale up production, our partners find it easy to integrate Redflow batteries into energy storage systems.”
Alle Jahre wieder..
Redflow news: September 27, 2017Redflow restructures leadership team for growth
Australian battery company Redflow Limited (Redflow) today announces leadership changes, including a new Managing Director and CEO and an Independent Non-Executive Chairman, effective immediately, as it prepares to commence manufacturing in Thailand and grow battery sales during the next 12 months.
Appointment of Chief Executive Officer / Managing Director
Redflow’s largest shareholder Simon Hackett - who became acting CEO 12 months ago – has stepped aside from his executive role after completing a year-long mission to refocus, redirect and recapitalise the business. Simon will continue as a non-executive director with special oversight for technology-related matters.
The Redflow Board has promoted Chief Operating Officer, Richard Aird (pictured left), as CEO to accelerate the company’s new strategic direction announced in May. With more than 20 years’ experience in commercial development and operations, Richard has a thorough understanding of Redflow and its technology from holding various roles with the company since 2009. He has the skills and expertise needed to drive the company as it starts manufacturing batteries in Thailand and implements cost downs in battery production. Discussions regarding terms of engagement to reflect Richard’s new role are well advanced and will be disclosed in accordance with the listing rules when finalised.
Appointment of Independent Chairman
Redflow has also recruited Brett Johnson (left), Qantas General Counsel from 1995-2012, to its Board as Independent Non-Executive Chairman, replacing Simon Hackett. Brett brings extensive experience including directorships of listed companies, Scott Corporation Limited (2005-2014) and Helloworld Limited (2009-2016), where he was Chairman from August 2014 until December 2015.
Role of former Executive Chairman
Simon's technology oversight role will comprise external communications, public advocacy for the company’s zinc-bromine flow battery technology and guiding its continuing technical development and direction. This includes continued involvement with development of the Battery Management System (BMS) that he architected; simplifying, standardising and documenting battery interface, configuration and performance tuning at customer sites, and providing key input into installer training processes.
Restructuring for growth
During the past year, Redflow has completed a major strategic redirection. It is transitioning battery production from Mexico to Thailand, refocusing its sales and marketing on lead-acid replacement cycles in the telecommunications, commercial, industrial and off-grid residential sectors, and has raised an additional $14.5 million in equity - including $4 million from Simon Hackett.
Redflow’s incoming Chairman, Brett Johnson, said he was excited to join the company. “Redflow has a unique and compelling value proposition in the booming energy storage market,” he said.
“During the past year, Simon and the Board have identified and implemented a strategy to grow battery manufacturing and sales significantly. I look forward to working with Richard and the Board to focus on this strategy and move Redflow to being a truly successful Australian technology company.”
Redflow CEO Richard Aird said the company was focussed on the successful production of batteries in Thailand. “Once the new factory is operating, we will undertake a series of further cost-down initiatives to ensure our batteries are both profitable and competitive,” he said.
Simon Hackett said today’s leadership changes would advantage the success of Redflow. “These enhancements to our management and Board structure are designed to ensure we have right people working in their respective areas of strength,” he said.
“With running the business and the Board now in the hands of professionals in those fields, I can focus my passion, skills and energy on successfully overseeing the interface between Redflow’s unique technology into real-world energy systems, and communication of these benefits to customers and industry.
“The past year has seen strong demand for our batteries, so my goal is to ensure that as we scale up production, our partners find it easy to integrate Redflow batteries into energy storage systems.”
Redflow news, September 25, 2017
South African factory beats power cuts with Redflow batteries
South Africa’s largest manufacturer of printed circuits has beaten frequent power outages and cut its energy costs by deploying Australian-designed Redflow zinc-bromine flow batteries.
Unreliable mains power supplies meant Johannesburg-based Bosco Printed Circuits often had its production line stopped in mid-shift by power cuts, which could occur as often as twice a week. These stoppages each cost as much as 10,000 rand (A$1000) in wasted materials as well as disrupting Bosco’s tight delivery schedule to its many customers in the mining, security and industrial electronics sectors.
Bosco solved these power cut problems by installing 14 ZBM2 zinc-bromine flow batteries, from Brisbane-based Redflow Limited, which now keep its production line running through power cuts.
Bosco Printed Circuits Director Mr Philip Verheul said the Redflow batteries had eliminated production losses. “In our process, we have electroplating lines in which we plate copper in holes, so if there’s a power failure during the process. everything in the line is basically scrapped,” he said.
“It could cost as much as 10,000 rand per power failure. What was more of an issue was that we lost our delivery time, which created inconvenience and concern for our customers, who depend on us.”
Redflow reports this successful South African deployment of its ZBM2 batteries just one week after announcing its second US$600,000 sale of ZBM2 batteries to New Zealand-based Hitech Solutions.
Bosco Printed Circuits demonstrates the commercial benefits of Redflow’s zinc-bromine flow batteries which are also used in telecommunications deployments and on-grid and off-grid residential sites.
Redflow partner Specialized Solar Systems deployed the energy storage system for Bosco Printed Circuits in 2016. The system, which comprises 14 ZBM2s and six Victron Quattro 48/10000 battery inverters, stores grid power from off-peak periods as well as energy generated by 51 kilowatts peak (kWp) of dedicated solar panels on the factory roof.
As well as enabling the production line to continue working if mains power drops out, the ZBM2 energy storage system is configured to supply electricity to Bosco’s front office, so power cuts do not disrupt the company’s commercial and head office activities.
The Redflow-based energy storage system has also paid for itself by allowing Bosco to avoid buying mains-supplied electricity during peak demand periods. During these morning and evening peaks, electricity charges can increase by 300 to 400 per cent.
Bosco avoids these punitive costs by charging its Redflow batteries from solar panels during the day and with low-cost power available from midnight to 6am. The company then runs its critical electroplating production lines primarily on battery power from 7-10am and from 6-8pm, saving more than 55,000 rand a year in electricity charges. “We are seeing savings because we use the batteries to supply power during the most expensive times of the day,” said Mr Verheul.
Mr Verheul said Bosco had selected Redflow’s ZBM2 batteries because of their unique benefits. “When we looked at lead-acid and other batteries, their lifetimes were limited,” he said.
"We decided to spend a bit more money to go the Redflow route. Its ZBM2 batteries are long-lasting, with a 10-year or 36,500kWh warranty, they work well even in hot weather, and they are easily recyclable.
"We are very happy with these batteries, which keep getting better over time. I have to commend both Redflow and Specialized Solar Systems who have been fantastic."
Redflow CEO Simon Hackett said the Bosco deployment demonstrated the commercial benefits provided by his company’s zinc-bromine flow batteries. “These demanding mission-critical environments are where our batteries stand out,” he said.
South African factory beats power cuts with Redflow batteries
South Africa’s largest manufacturer of printed circuits has beaten frequent power outages and cut its energy costs by deploying Australian-designed Redflow zinc-bromine flow batteries.
Unreliable mains power supplies meant Johannesburg-based Bosco Printed Circuits often had its production line stopped in mid-shift by power cuts, which could occur as often as twice a week. These stoppages each cost as much as 10,000 rand (A$1000) in wasted materials as well as disrupting Bosco’s tight delivery schedule to its many customers in the mining, security and industrial electronics sectors.
Bosco solved these power cut problems by installing 14 ZBM2 zinc-bromine flow batteries, from Brisbane-based Redflow Limited, which now keep its production line running through power cuts.
Bosco Printed Circuits Director Mr Philip Verheul said the Redflow batteries had eliminated production losses. “In our process, we have electroplating lines in which we plate copper in holes, so if there’s a power failure during the process. everything in the line is basically scrapped,” he said.
“It could cost as much as 10,000 rand per power failure. What was more of an issue was that we lost our delivery time, which created inconvenience and concern for our customers, who depend on us.”
Redflow reports this successful South African deployment of its ZBM2 batteries just one week after announcing its second US$600,000 sale of ZBM2 batteries to New Zealand-based Hitech Solutions.
Bosco Printed Circuits demonstrates the commercial benefits of Redflow’s zinc-bromine flow batteries which are also used in telecommunications deployments and on-grid and off-grid residential sites.
Redflow partner Specialized Solar Systems deployed the energy storage system for Bosco Printed Circuits in 2016. The system, which comprises 14 ZBM2s and six Victron Quattro 48/10000 battery inverters, stores grid power from off-peak periods as well as energy generated by 51 kilowatts peak (kWp) of dedicated solar panels on the factory roof.
As well as enabling the production line to continue working if mains power drops out, the ZBM2 energy storage system is configured to supply electricity to Bosco’s front office, so power cuts do not disrupt the company’s commercial and head office activities.
The Redflow-based energy storage system has also paid for itself by allowing Bosco to avoid buying mains-supplied electricity during peak demand periods. During these morning and evening peaks, electricity charges can increase by 300 to 400 per cent.
Bosco avoids these punitive costs by charging its Redflow batteries from solar panels during the day and with low-cost power available from midnight to 6am. The company then runs its critical electroplating production lines primarily on battery power from 7-10am and from 6-8pm, saving more than 55,000 rand a year in electricity charges. “We are seeing savings because we use the batteries to supply power during the most expensive times of the day,” said Mr Verheul.
Mr Verheul said Bosco had selected Redflow’s ZBM2 batteries because of their unique benefits. “When we looked at lead-acid and other batteries, their lifetimes were limited,” he said.
"We decided to spend a bit more money to go the Redflow route. Its ZBM2 batteries are long-lasting, with a 10-year or 36,500kWh warranty, they work well even in hot weather, and they are easily recyclable.
"We are very happy with these batteries, which keep getting better over time. I have to commend both Redflow and Specialized Solar Systems who have been fantastic."
Redflow CEO Simon Hackett said the Bosco deployment demonstrated the commercial benefits provided by his company’s zinc-bromine flow batteries. “These demanding mission-critical environments are where our batteries stand out,” he said.
News release: September 18, 2017
Hitech places second US$600,000 order for Redflow batteries
Australian battery company Redflow Limited has repeated its largest ever sale of ZBM2 zinc-bromine flow batteries, after receiving a second international order worth about US$600,000 (A$750,000).
Auckland-based Hitech Solutions placed this latest order for a major, multiple stage project which is using Redflow's ZBM2 batteries to build advanced hybrid energy storage systems that will deliver reliable power to multiple remote sites in a Pacific Island nation.
Hitech specialises in providing telecommunications and infrastructure services for clients in New Zealand and internationally.
Redflow has completed delivery of all batteries to fulfil Hitech's first order, announced in May this year.
Redflow CEO Simon Hackett said this repeat large sale validated the appeal of ZBM2 batteries to displace lead-acid batteries for network power applications in demanding and remote environments. "We are delighted that Hitech has again chosen Redflow batteries," he said.
"This second major sale confirms the unique advantages of our zinc-bromine flow batteries for this high-workload deployment in the tropics. The ZBM2 excels in hot environments and for applications that require high cycle depth and cycle frequency, such as the deployment Hitech is undertaking. This sort of environment and use case wears out lead-acid batteries in relatively short order, requiring their frequent replacement, whereas ZBM2s thrive on heat and hard work.
"We look forward to working with Hitech to ensure its imminent deployments of remote energy systems are successful in a variety of site sizes."
Redflow's 10 kilowatt hour (kWh) ZBM2, the world's smallest zinc-bromine flow battery, is uniquely qualified to replace lead-acid batteries in remote site deployments, such as telecommunication sites. The ZBM2 runs natively at 48 volts DC, making it simple to install. It is also easy to deploy in scalable parallel clusters for high availability, high scale deployments at the largest sites.
The ZBM2 battery comes with a 10-year or 36,500 kWh warranty - a much longer operating life than lead-acid batteries, which are typically replaced every 18-36 months when used in warm climates.
Hitech placed its order through Redflow partner Vertiv (formerly Emerson Network Power), a mature Redflow system integrator that has previously deployed ZBM2 batteries for telco-related energy storage systems in New Zealand and Australia.
Hitech places second US$600,000 order for Redflow batteries
Australian battery company Redflow Limited has repeated its largest ever sale of ZBM2 zinc-bromine flow batteries, after receiving a second international order worth about US$600,000 (A$750,000).
Auckland-based Hitech Solutions placed this latest order for a major, multiple stage project which is using Redflow's ZBM2 batteries to build advanced hybrid energy storage systems that will deliver reliable power to multiple remote sites in a Pacific Island nation.
Hitech specialises in providing telecommunications and infrastructure services for clients in New Zealand and internationally.
Redflow has completed delivery of all batteries to fulfil Hitech's first order, announced in May this year.
Redflow CEO Simon Hackett said this repeat large sale validated the appeal of ZBM2 batteries to displace lead-acid batteries for network power applications in demanding and remote environments. "We are delighted that Hitech has again chosen Redflow batteries," he said.
"This second major sale confirms the unique advantages of our zinc-bromine flow batteries for this high-workload deployment in the tropics. The ZBM2 excels in hot environments and for applications that require high cycle depth and cycle frequency, such as the deployment Hitech is undertaking. This sort of environment and use case wears out lead-acid batteries in relatively short order, requiring their frequent replacement, whereas ZBM2s thrive on heat and hard work.
"We look forward to working with Hitech to ensure its imminent deployments of remote energy systems are successful in a variety of site sizes."
Redflow's 10 kilowatt hour (kWh) ZBM2, the world's smallest zinc-bromine flow battery, is uniquely qualified to replace lead-acid batteries in remote site deployments, such as telecommunication sites. The ZBM2 runs natively at 48 volts DC, making it simple to install. It is also easy to deploy in scalable parallel clusters for high availability, high scale deployments at the largest sites.
The ZBM2 battery comes with a 10-year or 36,500 kWh warranty - a much longer operating life than lead-acid batteries, which are typically replaced every 18-36 months when used in warm climates.
Hitech placed its order through Redflow partner Vertiv (formerly Emerson Network Power), a mature Redflow system integrator that has previously deployed ZBM2 batteries for telco-related energy storage systems in New Zealand and Australia.
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