As Redflow Pivots to the Telecom Market, the Australian Flow-Battery Maker Seeks More Cash

By [email protected] Australian flow battery maker Redflow is looking to raise AUD $14.5 million (USD $11.6 million) as it eyes a new sales opportunity in South Africa.

Specialized Solar Systems, a South African microgrid developer, is evaluating Redflow’s ZBM2 products in place of lead-acid batteries for 300,000 remote dwellings over the next five years, according to a Redflow investor presentation released this month.

“Technical verification of the solution is underway with trials planned for this calendar year ahead of field deployments in early 2018,” Brisbane-based Redflow said.

The presentation was issued as part of an effort to raise cash on the Australian Securities Exchange,

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