... Redflow has signed a US$2.83 million contract with the United States Department of Defense’s (DOD) Defense Innovation Unit (DIU) to deliver a prototype microgrid using a 1.2 to 1.4 MWh Redflow non-lithium long duration energy storage (LDES) system....
Wow, this is very exciting opportunity to get onto the US military spending gravy train. For DOD, it makes lots of sense to look into the non-Li-ion battery storage, no need to add more flammable stuff around military bases.
This is not big contract, even with value of around 10% of today's RFX mcap (just shows how undervalued sp is).
But the value of being vetted and approved by the US DOD will be huge for any further contracts, and would make good business case for some production to be done in the USA. Or a very compelling case for top-tier military contractors for run some numbers and consider a takeover.
... Redflow has signed a US$2.83 million contract with the...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $80.25K | 737.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 78744 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 253425 | 4 |
View Market Depth
| Last trade - 13.20pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 41218 | ||
| Last updated 12.05pm 03/05/2024 ? | |||||
| RFX (ASX) Chart |