Ann: Redflow enters Voluntary Administration, page-81

IMO, the ZBM isn't viable. (This is distinct from my earlier comments about the company supporting the product for existing customers, which were made with respect to the business maintaining some degree of credibility and trust that customers won't be left high and dry. Depending on how the business is restructured, that's now at least somewhat moot.) My buyback was around the $6600 mark - I'd have to check the exact amount Redflow gave me, but it was around that point. For a 10 kWh battery, that's pretty marginal, and when you factor in the ~70% round trip efficiency, it becomes a very hard sell for prospective customers - even allowing for the fire resistant design.

The X10? It depends on whether or not they've solved the problems that the ZBM had. If it can operate reliably, for a decade or more, without failing in the way the ZBM did for me, there's the potential for a market. A large scale battery that can be delivered to a site and operational with minimal wiring? There's definitely demand for that, even with a ~70% round trip efficiency (better hope the cooling system is good, and/or that there's a user for the waste heat nearby - maybe a swimming pool? Kidding. Mostly.) But being a scale-up of the ZBM, it is critically dependent upon resolving the problems that the ZBM had. If they haven't figured out why they had so many failures (reference the amount they set aside as a warranty provision), the X10 is dead before it gets off the ground. If they've figured out some of the root causes but there are still some unresolved, it's in the intensive care unit and the prognosis doesn't look good.

In the first instance, I reckon the failure to raise capital was all around management's credibility. They've chopped and changed too much, and - IMO - they were too glib with the warranty provisions and the details (what details?!) of the fix. It doesn't matter how good the tech might be; if the management doesn't have the credibility, the market is going to collectively yawn and look at the next opportunity. What happens now to the company is all about where the tech is at: how many unresolved issues there still are, whether there's a clear path to a reliable product or not, even if there's a bunch of design work still necessary. We don't know if there is or not (which in itself is something of a damning indictment against management's communication.)