Tuesday, 12 May 2015 13:01

Energy storage sector boosted by Tesla entry, says Redflow

Stuart Smith, CEO Redflow Stuart Smith, CEO Redflow

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.

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.”

“This allows customers to work the battery hard every day of its life without stress or strain. The flow battery’s maintenance-free lifetime energy throughput is insensitive to variations in daily cycle depth.

“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.”

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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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