Feb 22, 2018 Last Updated 9:32 AM, Feb 21, 2018

New Entry From the Editor :

Wesfarmers reports 87% H1 profit plunge on business write-downs

Wesfarmers reports 87% H1 prof…

AusBN - Wesfarmers (ASX:WES) has reported an 86.6% nose-dive in its H1 net ...

Australian female labour force participation reaches record high

Australian female labour force…

AusBN - Australia’s female labour force participation rate reached a ...

South Australia to help fund green hydrogen-fuelled power plant

South Australia to help fund g…

AusBN - The government of South Australia will help fund one of the largest...

Redflow challenge Tesla in renewable battery market

Redflow Simon HackettAusBN - Redflow (ASX:RFX) have announced the launch of a flow battery solution to challenge Tesla’s Powerwall. The Brisbane battery solutions company will launch its zinc bromine flow

battery next month while it hopes it can deliver the product for home use this summer.

Tesla’s lithium-ion battery ‘Powerwall’ lets consumers store solar panel energy and off-peak mains energy for later use, and has been very successful for use in cars while Redflow will market its battery for home use.

Simon Hackett, executive chairman of Redflow, said: “I think their batteries are brilliant in a car, I think our batteries are much better suited to a house.”

Hackett also said that while the Tesla battery will deteriorate through constant use and recharging, the Redflow battery is predicted to last a decade.

Redflow have previously produced renewable battery storage solutions commercially for telecommunications support.

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