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RedFlow names Simon Hackett executive chairman

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RedFlow Limited (ASX:RFX) has consolidated its new technologies expertise with the appointment of non-executive chairman Simon Hackett as executive chairman.

The appointment, effective from November 1, reflects Hackett’s increasing involvement in the company as it develops and commercialises a range of innovative battery storage solutions.

RedFlow deputy chairman Howard Stack commented:

“His experience in taking new technologies to market is invaluable, and the board believes that his enhanced role as executive chairman will greatly assist RedFlow in successfully bringing its energy storage product range to market.”

The company has recently poised its first grid-scale storage battery for commercial use this year as plans to release residential-use products shape up for early 2016.

The foundation of RedFlow’s product range is the zinc-bromide battery (ZBM) which thrives in hot, humid climates and is fully recyclable being made from plastic.

ZBMs 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.

 

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Price: 0.026 AUD

ASX:RFX
Market: ASX
Market Cap: $31.22 m
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