With growing interest in battery systems for the on-site storage of electricity as costs fall and the price of electricity increases, Redflow has set its sights on home and small business installations.
Australian battery technology provider Redflow has welcomed Tesla’s entry to the advanced energy strorage sector, saying the move 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.
Technology entrepreneur and founder of Internode, Simon Hackett, has forked out $2.2 million of his own money to take a stake as the single biggest shareholder in battery storage developer RedFlow.
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