Redflow Ltd
OTC:REFXF
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Redflow Ltd
RedFlow Ltd. engages in the development, manufacture, and sale of zincbromine flowing electrolyte battery module. The company is headquartered in Brisbane, Queensland. The company went IPO on 2010-12-14. The firm is engaged in the development, manufacture and sale of its zinc-bromine flowing electrolyte battery. The Company’s batteries are marketed as ZCell and ZBM2. These batteries are designed for high cycle-rate, long time-base stationary energy storage applications in the residential, commercial and industrial, and telecommunications sectors, and are scalable from a single battery installation through to grid-scale deployments. The firm offers various batteries, based on energy storage for residential, industrial, commercial, telecommunications and grid-scale deployment, including ZBM2, ZCELL, LSB and BMS. The Company’s zinc-bromine flow batteries provide energy for remotely located telecommunications infrastructure internationally, including Australia, New Zealand and South Africa.
RedFlow Ltd. engages in the development, manufacture, and sale of zincbromine flowing electrolyte battery module. The company is headquartered in Brisbane, Queensland. The company went IPO on 2010-12-14. The firm is engaged in the development, manufacture and sale of its zinc-bromine flowing electrolyte battery. The Company’s batteries are marketed as ZCell and ZBM2. These batteries are designed for high cycle-rate, long time-base stationary energy storage applications in the residential, commercial and industrial, and telecommunications sectors, and are scalable from a single battery installation through to grid-scale deployments. The firm offers various batteries, based on energy storage for residential, industrial, commercial, telecommunications and grid-scale deployment, including ZBM2, ZCELL, LSB and BMS. The Company’s zinc-bromine flow batteries provide energy for remotely located telecommunications infrastructure internationally, including Australia, New Zealand and South Africa.
Production Ramp-Up: RedFlow's Thailand facility achieved 3.5 MWh annualized output in March and is on track for 20 MWh by June/July and 40 MWh by September 2024.
Strong Project Pipeline: The company's announced project pipeline now totals around 62 MWh, with a broader qualified pipeline of 1.6 GWh, driven by both new and repeat customers.
Financial Position: Operating and financing costs were $700,000 lower than the previous quarter, and a $6 million payment for the Paskenta project was received, strengthening cash reserves.
Key Contracts: RedFlow secured a second contract with the U.S. Department of Defense and projects with Australian utilities and the California Energy Commission, reinforcing credibility in long-duration storage.
Product and Manufacturing Evolution: Focus continues on scaling production, improving quality, and advancing the X10 product, with a Queensland facility feasibility study underway and $1.2 million in government funding for the study.
Entitlement Offer: A 1-for-2 entitlement offer was launched to fund project delivery, engineering improvements, and product development, with flexibility in use depending on uptake.
