Redflow's (ASX: RFX) shares have been on the ascendency recently, with the company gaining another 16.7% yesterday to $0.14, on volume of 860,000.
Redflow's value is now more than three times higher the twelve-month’s lows touched in mid-2013.
The company's strategic focus is on cost effective energy storage solutions, which includes batteries, and in particular zinc bromine flow batteries.
The three primary applications for energy storage – electric and hybrid vehicles, distributed energy and utility grid storage – are largely interrelated and are forecast to have a significant economic impact within the next 10 years.
Additional potential users include developing economies, an unstable electricity supply is a major constraint to doing business.
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