Energy storage solutions provider Redflow (ASX: RFX) has received a $2.96 million payment from the Australian Taxation Office for the Research and Development Tax Incentive.
This is higher than the $2.5 million that it had been expecting.
The company’s ongoing development of its core zinc-bromide flow batteries is continuing with recent improvements resulting in a product that is believed to be suitable for volume manufacture.
It has engaged with contract manufacturers and is in the process of reviewing final proposals from shortlisted manufacturers with a decision expected soon.
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