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Redflow NEWS & EVENTS, page-1306

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jaguar68

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12/10/23

21:40

Post #: 70318541
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Originally posted by Treed: ↑

Earlier this evening Redflow posted this on FB, the 3rd most recent post.

In the list of recommendations from the Clean Energy Council in the linked article at the end of the post is this commentary on Utility-scale and bulk energy storage, under the heading of;

From page 24 in https://assets.cleanenergycouncil.org.au/documents/Clean-Energy-Council-Power-Playbook.pdf

I've highlighted this particular part because I believe both the California Energy Commission (the CEC in this instance too) and the US Department of Energy (DOE) are engaging in a targeted plan to do just that, bring selected manufacturers and suppliers of energy storage well down the cost curve. Redflow is one of the few manufacturers targeted by both the CEC and DOE and also in the running in Australia currently.

To put some numbers on the cost reductions aimed at, courtesy of an article posted by @SynQuasi here;

"The DOE wants to see costs for long-duration storage drop 90% over this decade, to make it a cost-effective tool for a future low-carbon grid."

From https://www.canarymedia.com/articles/long-duration-energy-storage/long-duration-storage-gets-big-boost-with-325m-from-doe

And also to boot, a quote from the bloke at the DOE re the Faraday Microgrids 34.4 MWh long-duration energy storage project for the Valley Children’s Hospital in Madera, California. That is the one that will have 34.4 MWh of zinc-bromine flowbatteries from Redflow, enclosed in its modular energy pods;

“These projects were picked after an extensive — and I mean extensive — internal review process,” said Crane, who oversees the Office of Clean Energy Demonstrations. “If we’re backing it, that’s a good sign.”

Just thought I'd join the dots that I see.

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Next im thinking RFX will be cashflow positive next year the way things are goings, it is the most progress in years.

RFX Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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Redflow NEWS & EVENTS, page-1306

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

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Redflow NEWS & EVENTS, page-1306

Top Stories

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nimy to raise $1.21M to explore 'newsy' WA targets

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

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