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Welcome Tesla, Says Oz Group

Welcome Tesla, Says Oz Group

CEO Stuart Smith said attention generated by Tesla’s announcement actually assists Redflow. “This announcement has raised the public profile of affordable energy storage as a disruptive technology that enables renewable generation sources to reduce reliance on fossil fuels, increase distributed generation and deliver energy independence,” he told the ASX.

The Redflow ZBM DC battery module and its large-scale battery storage systems are said to be in commercial production via North American manufacturer Flextronics. Smith stresses that they do not use lithium-ion etchnology, as do the new Telsa batteries.

He adds that Redflow, in which technology entrepreneur Simon Hackett is a significant shareholder, is on course to make “significant” commercial sales this year.