Redflow is a Brisbane-based producer of zinc-bromine flow batteries that has been listed on the Australian stock exchange since 2004. While R&D is located with the head office, manufacturing is outsourced to Microlead Precision Technology (MPTS) in Malaysia. The company offers two products: the ZCell, which can store 10 kilowatt-hours and is suitable for residences, small businesses and off-grid installations such as telecom towers, and the LSB which can store 600 kW-hr for larger businesses. After several years of development the company started transitioning to a battery manufacturer in 2012 and received its first commercial orders in 2015.
Exchange: Australian Stock Exchange (ASX:RFX)
Financial Data from Exchange website: ASX summary
Recent Financial Report: Annual report for year to 30 June 2016
A strategic review in May 2017 advised the company to focus on sales in off-grid markets such as telecommunications towers in Asia and southern Africa, as residential markets were too competitive and cost sensitive. The review also recommended moving manufacturing from Mexico to MPTS in Malaysia to reduce supply chain costs and also to allow implementation of several cost reduction projects. The stated goal was to achieve positive cashflow by the end of 2018.
27 Counihan Road,
Seventeen Mile Rocks,
Tel +61 7 3376 0008
Fax: +61 7 3376 3751
CEO and Executive Chairman: Simon Hackett
COO and Executive Director: Richard Aird
Short description: Zinc-Bromine flow cells
Fields of interest: Energy Storage