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off-grid power

Redflow moving into “high demand” sectors with funding round

Tue, 07/25/2017 - 10:05 -- News Editor
Redflow moving into “high demand” sectors with funding round

Australian battery maker Redflow has launched an AUD14.5 million ($11.5m) funding round “to target sustainable delivery of its zinc-bromine flow batteries to high demand areas” such as telecoms and remote/off-grid power.

The announcement follows the Brisbane-based company’s strategic review last May, which set out plans to “transition” manufacturing to Southeast Asia from South America, cut supply chain costs and implement “cost-down projects” to reduce delivered product manufacturing cost “by at least 30% over the next 18 months”.

 

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