Redflow, the Australian manufacturer of zinc-bromide flow batteries, announced its results for the half year to 31 December 2019 on 27 February. Revenue from sales increased dramatically to A$1,436,000 for the half-year, up from A$800,072 for the full financial year ending mid 2019. However the latter results were expected to be poor as the company [...]
Redflow, the Australian manufacturer of flow batteries, announced its half-year results on 26 February. They were not encouraging. For the six months to 31 December 2018 (H1 2019) revenue was AU$0.5 million, down from AU$1.2m for H1 2018, while the loss increased from AU$3.8m to AU$4.9m (AU$1.8 = £1). In fact these results were not [...]
On 30 August Redflow, the Brisbane-based manufacturer of Zinc-Bromine flow batteries, announced that its revenue for the year to 30 June 2018 was Australian$1.8 million (£1m) for a loss of A$12m. Corresponding results for the previous year were A$1.4m and A$12.9m. Redflow describe 2017/18 as a turnaround year: it was certainly turbulent, with the manufacturing [...]
We recently wrote about Redflow’ s involvement in grid and off-grid energy storage through the use of Zinc-Bromine batteries. This article on the exciting developments in battery technology looks at the possibilities for Flow Batteries in this area. The distinguishing feature of a flow battery is that the electrical energy is stored in a liquid [...]
Redflow, the Brisbane-based manufacturer of Zinc-Bromine flow batteries, is in the process of raising A$14.5 million (£8.7m) on the Australian stock exchange. This follows similar exercises in 2016 and 2015 that raised A$12m and A$16m respectively. Is this money well invested? The missing link in the use of wind and solar production has been the [...]