- 28 May 2020
RFX up 13.5% today on no news.
Must be the rampers.
Must be the rampers.
Please Sir, is this sufficient?Surely a speeding ticket is due.
The headmaster must be sending out a letter of enquiry today.
Hopefully it means they might make some money on selling their gen3 battery, rather than losing money on each sale of the Gen2.Please Sir, is this sufficient?
Ameresco and Redflow Partner
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and Redflow Limited (ASX: RFX), a global leader in clean energy storage, today announced a strategic relationship through which Redflow will supply Ameresco, on a non-exclusive basis, with its advanced non-lithium battery energy storage technology. Ameresco plans to utilize this technology for its project and asset installations for a wide array of customers.
Ameresco’s portfolio includes energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions delivered to clients throughout North America and Europe. The company’s renewable energy assets and customer projects have delivered a carbon emission reduction equivalent to 95+ million metric tons of carbon dioxide since 2010.
Its a 1 pager; if there is a need for capital, that is usually spelt out on p2.Trading halt pending further ann.
So, I wonder if it is a trading halt due to a cap raise, especially if Ameresco wants to buy a piece of the action.
And 32cIts a 1 pager; if there is a need for capital, that is usually spelt out on p2.
Hence, it's probably NEWS !!
i thought AVL ( i do not hold ) was working on an alternate tech to RFX ( i hold , sadly )
Australia’s leading listed battery maker wants to come homeElouise Fowler Reporter
Mar 30, 2023 – 12.37pm
Redflow, Australia’s leading listed battery maker with operations in Thailand, says it would like to set up a factory in Australia to take advantage of the nation’s existing zinc refineries and massive demand for electricity storage in the power grid.
But Prime Minister Anthony Albanese’s dream of turning the nation into a battery manufacturing powerhouse will require strong government intervention to create investor certainty, says Tim Harris, Redflow’s chief executive.
“We’ve got huge resources in terms of renewable energy and minerals. We’re a zinc-based battery company and Australia has 20 per cent of the world’s zinc deposits – and has some huge mining and refining facilities in Australia, particularly Queensland,” Mr Harris said. “All the elements are there. What we feel is missing at the moment is the Australian government really working with Australian renewable energy companies to help provide [an anchor to generate] scalable demand.”
He said Redflow, which manufactures batteries in Thailand, would consider setting up another factory in Australia if governments stepped up funding for battery projects, prioritised Australian-made batteries in the power grid, and simplified the approval process.
This would be enough to generate a certain investment environment, rather than governments seeking to compete with the hundreds of billions of dollars in cleantech subsidies being doled out under the Biden administration’s colossal Inflation Reduction Act, he said.
“There’s a lot of discussion about whether Australia should get into a bidding war with the US on those lines. I don’t think it particularly needs to compete. We have enormous reserves of minerals and metals here. And a potentially huge demand in Australia for energy storage [in the power grid].”
Others have a head startMr Albanese declared in February that domestic production of batteries and other clean energy technology was a key element of the government’s plan to shore up the nation’s sovereign manufacturing capacity.
But Thailand and leading battery technology markets such as China and South Korea have a head start in advanced manufacturing capability. And the US Inflation Reduction Act, President Joe Biden’s flagship energy bill, has become the centre of the global green investment boom.
Redflow could receive generous tax concessions upwards of 30 per cent under the IRA. That’s if it sets up a factory – and sources US-based materials – to service its growing customer base, especially on the east coast where it developed a 2 megawatt hour (2MW/h) battery funded in part by a grant from the California Energy Commission.
But the proximity to high-quality Australian refined zinc from Sun Metals in Townsville or Nyrtar in Hobart and a strong need in the Australian market for long duration batteries made the Australian market highly attractive, Mr Harris said. But strong government direction and support was needed.
“State governments and federal governments should create a market for scalable projects of 10 megawatt hours to 100 MW/h hours batteries. That provides that kind of anchor demand for companies like Redflow to tap into,” Mr Harris said. “They need to also clearly prioritise Australian companies that invest in Australia. We’ve got all of our IP here, and we’re prepared to commit to create jobs on that.”
Redflow in 2018 moved its factory from the US to one of Thailand’s many free trade regions Chonburi, a major car and manufacturing and logistics hub 130 kilometres from Bangkok.
“We needed to find a place that had a pool of labour that was internationally competitive. The location notably has a deep sea port that has good shipping routes to our target markets,” Mr Harris said.
Redflow makes zinc-bromide “flow” batteries that charge using the reaction between zinc metal and bromine to produce an electric current. Flow batteries sit in the long duration storage category, where pumped hydro is the most mature technology.
‘Urgent’ investment neededUnlike large lithium-ion fast charge and discharge batteries, flow batteries are best used for large-scale applications, as they are slower to charge and can discharge for up to 10 hours at a time.
Australian Energy Market Operator chief executive Daniel Westerman, backed by federal Energy and Climate Change Minister Chris Bowen, said in February that “urgent” investment was needed in long-duration storage plants.
“Investment in firming generation, such as pumped hydro, gas and long-duration batteries, is critical to complement our growing fleet of weather-dependent renewable generation to meet electricity demand without coal generation,” he said at the launch of an annual report on the outlook for supply and demand in the National Electricity Market.
Redflow is the only listed battery company producing batteries. It has a market capitalisation of $32 million. ASX listed Magnis Energy, which has a market capitalisation of $296 million, is in the process of setting up a battery factory in the US.
I certainly hope I'm proven correct, I so seldom are.I tend to think with the pressure coming on for the introduction of home based storage, Redflow will be one to watch, IMO it is the best technology currently available for home storage.
Might be well worth accumulating a few IMO.