Sign up Australia
Proactive Investors - Run By Investors For Investors

RedFlow signs energy storage deal with Ergon Energy

Redflow has signed a deal with a major Australian power provider that will give many investors and potential commercial partners a closer look at the company’s energy storage technology in action.
RedFlow signs energy storage deal with Ergon Energy

RedFlow (ASX:RFX) has secured important market exposure for its energy storage technology by signing a demonstration agreement with one of Australia’s leading utilities.

The agreement with Ergon Energy will establish an on-grid demonstration of a RedFlow energy storage system integrated with community-scale solar PV.

The system will comprise 48 RedFlow zinc-bromide flow batteries (ZBM) in a containerised large-scale battery solution (LSB) producing 100kW and 480kWh of energy matched to an ABB PCS100 inverter.

The complete system has already been built and tested by RedFlow and delivery to Ergon and is expected within the next few weeks.

Ergon supplies electricity to over 733,000 customers across a vast operating area of over 1 million square kilometres, which is about 97% of the state of Queensland.

This extends from the expanding coastal and rural population centres to the remote communities of outback Queensland and the Torres Strait.


About zinc-bromide flow batteries

RedFlow’s ZBMs provide high energy density at 8kWh -11kWh and have a small footprint and represent the foundation of the company’s product range.

The batteries boast a robust and versatile design that is ideal for storing and shifting renewable energy, managing peak grid load and supporting off-grid power systems and telecommunications.

Contrary to the bulky vanadium storage products that use large tanks, ZBMs are small compact modular units measuring 33 inches by 32 inches by 16 inches that can deliver 10 kilowatt hour day in and day out each and every day.

Although RedFlow IP was developed in Australia, the company’s flow batteries are available globally through manufacturing partner Flextronics (NASDAQ:FLEX), a California-based manufacturing and supply chain solutions provider operating in more than 100 manufacturing plants in 30 countries.

This collaboration has resulted in ZBMs becoming the first flow battery globally to enter large scale production.


Analysis

The agreement with Ergon will allow RedFlow to demonstrate its market leading flow battery technology by providing high-density energy storage solution with a small footprint.

Further proliferation of RedFlow technology is underpinned by the rapidly growing global energy storage market, which will support early movers such as RedFlow with immediate commercial benefits.

The company has confirmed the commercial viability of its technology in this space with more than 10 years and $50 million of research and development, in-field testing and demonstration work.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full RFX profile View Profile

Redflow Ltd Timeline

Newswire
February 23 2016
Newswire
February 16 2016

Related Articles

Vault online software in the cloud image
August 08 2018
The company has achieved strong sales on the back of its risk and safety management software systems.
Mexican flag
March 26 2018
PLCs in emerging markets no longer have to find someone to promote their company to overseas investors
marketing
September 18 2018
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use