ASX-listed e-battery company Redflow, headed by former NBN Co board member Simon Hackett, says it has established a company in Thailand to handle production of its zinc-bromine flow batteries, which are used to store energy from solar cells or wind-based devices.
This follows an announcement earlier this year that In May, the ASX-listed company announced would move its manufacturing from North America to South-East Asia, to be closer to its most lucrative markets, in Australia, Oceania and southern Africa, and to reduce production costs.
As well as its location, Thailand offers “good manufacturing expertise, competitive logistics, an attractive labour cost and effective tax treatment for international manufacturers within its free trade zone structure,” Redflow told the ASX.
It also revealed that the company and delivered all the batteries for its largest order to date, to NZ-based Hitech Solutions, which is deploying them across multiple locations in a so-far unnamed Pacific nation.
