Tesla recently announced its Lithium-based battery modules, and according to Redflow (ASX:RFX) CEO Stuart Smith, the increased interest in energy storage and generation technology, and the opportunities this presents, “is both timely and appropriate.”
Smith said that, alongside Lithium-ion and Lead-Acid based batteries, the Redflow ZBM (Zinc Bromide Module) represents a genuine ’third way’ in the energy storage realm, delivering distinct technical and application advantages for customers relative to these traditional battery technologies.
According to Smith, Redflow’s flow battery system offers “unique advantages” over traditional Lithium-ion and Lead-Acid battery designs. “A key differentiator of Redflow’s ZBM is its capability to operate as a daily full-discharge, full-power workhorse that thrives upon being fully cycled each day.”
“In contrast, conventional Lithium-ion and Lead-Acid batteries are highly sensitive to discharge depth. A large proportion of their battery capacity must be reserved simply to ensure an adequate operating lifetime. Further, these traditional cell types are temperature sensitive.”
“Redflow is confident of our ability to leverage the unique advantages of our advanced flow battery technology to meet demand from the rapidly expanding energy storage market and that our products will be a valuable part of the energy supply chain. Welcome, Tesla. Seriously.”