Newly installed Redflow Chairman Brett Johnson has written to shareholders to indicate that the company is targeting a battery production of 250 units per month at its new Southeast Asian facility. The factory will produce Redflow’s ZBM2 and ZCell batteries, which are some of the smallest flow batteries being commercially produced.
The Australian-listed company is aiming to supply the batteries to for offgrid telecommunications applications, which is a more mature battery storage market segment. Through doing so, the company hopes to secure sufficient demand to ramp its new Thailand production facility to scale – bringing down costs.
Redflow has indicated that its Brisbane-based engineering and production team is supporting the fit out of the Thai facility, while continuing to turn out batteries at its Australian base.
“While fully supporting the work in Thailand, the Redflow team in Brisbane continues to enhance our battery technology, support our customer base and manufacture a limited number of batteries to ensure supply for our customers,” said Johnson.
“Redflow is at an exciting point in its history, after developing the world’s smallest zinc-bromine flow batteries with unique energy storage benefits; having established demand for its batteries from telecommunications, commercial and residential customers; and recently starting the installation of its production line equipment at a new factory in Thailand,” Johnson continued.
The new 1500-square-meter Redflow facility is located 110km southeast of Bangkok, in the Mamaraj Chonburi Industrial Estate. The area is a part of the IEAT free trade zone.
Redflow’s Annual General Meeting is schedule for Friday, November 24. Johnson was appointed as non-executive Chairman of Redflow in September, alongside CEO CEO Richard Aird. In September, Redflow’s largest shareholder Simon Hackett made way fro both Johnson and Aird, although he is said to be remaining “full engaged with the company.”