REDFLOW CLOSE TO INSTALLING FIRST RESIDENTIAL BATTERIES

Written on the 19 September 2016 by James Perkins

REDFLOW CLOSE TO INSTALLING FIRST RESIDENTIAL BATTERIES THE first of Redflow's (ASX: RFX) ZCell battery systems will be installed in Australian homes in October following the arrival of a crucial part of the system from the United States.

The Brisbane-based company announced today that the ZBM2 batteries, manufactured by Flex, had arrived in Australia and are clearing customs.

The batteries are the core component of the ZCell home energy storage systems that Reflow is distributing throughout Australia and also worldwide.

The batteries are a zinc bromide flow battery, an innovative new technology that has emerged as a competitor to the ubiquitous lithium-ion batteries that competitors such as Tesla will manufacture.

"While Redflow has undertaken extensive field testing of these products and their deployment, we plan to carefully stage, monitor, and manage all initial customer deliveries to ensure this unique residential energy storage product performs as specified at customer premises," says the company in a statement to the ASX today.

The management systems that will work alongside the battery are ready for distribution right now, says Redflow. The company will release details of the first group of Australian companies that will be approved to install the battery systems later this week.

Retail customers are just one market being targeted by Redflow, which will also provide larger storage options for commercial customers.

Redflow is trading up 6.94 per cent at $0.38 per share today.



Author: James Perkins Connect via: Twitter LinkedIn

Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter