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RFX - Redflow Limited

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Colm Doc said:
Yes, hopefully RFX use their new income to accelerate the gen3 development and can produce a smaller cheaper flow battery system. (Maybe more competitive for domestic housing solar storage) ??
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Yes that will be the trick an easily regenerated battery onsite, is a much better outcome than a complete swap out, which lithium are.
We are at the very beginning of the journey and there will be many changes on the way, but having to replace a whole battery bank every 10 years wont work, which is the very reason solar HWS have never taken off.
People don't want to spend $4,000 to save $2,000 of electricity, only to have to spend $4,000 again in 10 years to replace the solar HWS.
Simple really, most people want to spend the money once, IMO they wont mind if they have to spend a few dollars to have the electrolyte filtered and strained every 10 years.
It would be a bit like a 10 year service on the car.
Hopefully that is what the flow battery will provide, if it does Redflow are on a winner, if it doesn't Redflow are a dud.
Just my opinion and as I have said I do hold.
 
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As long as you guy's are happy with your conclusions...
but for me RFX is giving 10kwh of storage at US$6250 as per their announcement 09/03/21. US$625/kwh grid scale.

It is interesting that a picture in the link by Trawler above shows a stack of Aquion sodium ion battery's; non flamable 100% DOD, minimal degredation, Bill Gates invested in the company, manufacturing facility in a repurposed Sony TV factory in Pennsylvania? ... Hows it trading these days??

I'll give more credence to Jeff Dahn on the life time durability of Grid installed Lithium who puts it at 20yrs. (need a link Trawler?)

As we write here and now Hornsdale has and is doing a ROI of >30%... That appears pretty beneficial to me.

At RFX's current costs they're playing to a small audience.
so go you traders....
 
orr said:
As long as you guy's are happy with your conclusions...
but for me RFX is giving 10kwh of storage at US$6250 as per their announcement 09/03/21. US$625/kwh grid scale.

It is interesting that a picture in the link by Trawler above shows a stack of Aquion sodium ion battery's; non flamable 100% DOD, minimal degredation, Bill Gates invested in the company, manufacturing facility in a repurposed Sony TV factory in Pennsylvania? ... Hows it trading these days??

I'll give more credence to Jeff Dahn on the life time durability of Grid installed Lithium who puts it at 20yrs. (need a link Trawler?)

As we write here and now Hornsdale has and is doing a ROI of >30%... That appears pretty beneficial to me.

At RFX's current costs they're playing to a small audience.
so go you traders....
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It is very early days and as we know lithium is the goto battery ATM, I think flow batteries will always be a niche player compared to lithium, but hopefully they get some traction in the market place and do ok.
It is going to be a very big market, so who knows what the end outcome will be, I have a lot more MCR, IGO and BHP than RFX, but it is worth a small dabble, I got in a 4c so up 93% ATM so I'm not concerned yet.
I think the flow batteries might be popular in remote locations, due to their robustness and not having a problem with being run dead flat on a regular basis.
Farmers etc may like a battery that can give 10kw, rather than having to buy 20kw of batteries to get 10kw of usable storage, but hey who knows definitely not me.
My oldest son has bought 100acres and is going to be of grid, so I might be able to give some feedback, when he has it up and running.
 
sptrawler said:
, which is the very reason solar HWS have never taken off.
People don't want to spend $4,000 to save $2,000 of electricity, only to have to spend $4,000 again in 10 years to replace the solar HWS.
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off subject but: installed a HWS, passive on the roof tank 21y ago in Brisbane hinterland, tightened a loose nut 1 y ago, cleaned glass every 2 y or so, and was still doing a great job when I sold the place 5m ago...
10y is not a normal life for a solar HWS
 
10 years wouldn't want to be the norm, but most people do sod all maintenance, don't replace the sacrificial anode etc.
I have a 'freeloader gas HWS', that came with the house, it is 20 years old still going strong( change the anode every 7 years ), but when it fails I will be going solar. :xyxthumbs
I think in Australia either solar HWS or solar panels and heat pump HWS are the go, but when I talk to people they all say the same thing, they cost too much, that is the point I was making.
 
Has anyone taken a look at Clearvue Technologies? An interesting product almost at commercial point, could be worth a punt in the renewables sector. Thoughts?
 
Colm Doc said:
Has anyone taken a look at Clearvue Technologies? An interesting product almost at commercial point, could be worth a punt in the renewables sector. Thoughts?
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Interesting product, a lot will depend on the cost and how much generation/m2, but there will be a market, if it's financially attractive IMO.
 
I thought they had good cash reserve and should have some income from the California deal, why are they raising capital?
 
Colm Doc said:
I thought they had good cash reserve and should have some income from the California deal, why are they raising capital?
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Redflow Undertakes Capital Raising to Support Growth

Key Highlights:
• Capital raising comprises:
o $5 million investment by US based New Technology Capital Group, LLC; and
o A 1 for 4 pro rata non-renounceable entitlement offer at 6.4c to raise up to $17.71 million (before costs) if fully subscribed
• New Technology Capital Group may provide additional funding of $5 million
• Funding to underpin growth, supporting pursuit of business development opportunities, key projects, completion of Gen3 battery development and general working capital requirements
• Redflow’s Board fully supports the Entitlement Offer and its Directors have each agreed to participate


Flow batteries keep the energy flowin’ more reliably …that’s why they’re good for grid storage and that’s why we’re investing $$ in them! Cleaner, more efficient energy for all… ,
- Jennifer M. Granholm; US Secretary of Energy
 
the aim is now to focus on the USA. I guess having the 3rd Gen technology and existing Thailand plant derisks it to a certain extent, in the eye of new investors

Following the significant interest generated from the announcement of the 2 MWh sale with Anaergia in California on 9 March 2021, Redflow is now engaged across a number of promising sales opportunities in the US market which would have a material positive impact on the Company.
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Redflow believes that the US energy storage market provides a substantial opportunity that warrants significant further focus and investment. This will be a key focus of Redflow’s activity and expenditure over the next 12 months. Planned initiatives include business development resourcing and activities, battery certification (including UL certification for Gen3), operational support and opportunities for local sourcing of materials.
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Dona Ferentes said:
the aim is now to focus on the USA. I guess having the 3rd Gen technology and existing Thailand plant derisks it to a certain extent, in the eye of new investors
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I guess they have to scale up production, they appear to gaining a small amount of traction in the market, if that traction increases and sales improve production capacity will cause a bottle neck.
From the investor presentation, the production facility is definitely no mega factory, that's the problem when you are starting from scratch without a bottomless pit of money.
Whether to participate or not, is the question, will there be a consolidation at a later date?
So many questions, so few answers, the joys of investing. ?

From the prospectus, it appears the issue price is 0.059c per share, not 0.064 as you mentioned @Dona Ferentes , 1 for 4 with an attached option at 10c expiring 30/6/2022.
 
Colm Doc said:
Thanks, I’m still not sure. They have a job in California which should bring in some income.
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It is definitely an each way bet IMO, they could do well or they could down the swanny, I guess it depends how much exposure you want? The old risk and reward scenario.
I will probably buy in, my entry price was 4c, so not a lot of money in my case.
 
Has anyone taken a look at Redflow’s entitlement offer? Any current holders considering the offer? I think I like the direction the company is going but I’m not sure if the share price will follow.
 
Colm Doc said:
... the direction the company is going but I’m not sure if the share price will follow.
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There was an Announcement about the US, with a heap of caveats: "early stages", "incomplete" , "confidential", " no assurance " , "at various stages of maturity."

RFX named in a Request for Information issued by a large listed US corporate as an approved supplier of flow batteries on a preliminary basis. The listed US corporate which has issued the RFI has publicly committed to sourcing 100% of its global power needs through renewable energy and through the RFI is seeking proposals from power developers to help provide that energy using Redflow batteries.
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If Redflow is ultimately selected, the proposed scope of work as contained in the RFI has the potential to be material to Redflow. Redflow is pleased with this further validation of the US market opportunity.
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Dona Ferentes said:
There was an Announcement about the US, with a heap of caveats: "early stages", "incomplete" , "confidential", " no assurance " , "at various stages of maturity."
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It sounds like you’re not that confident with that announcement, I think I will wait until closer to the closing date to see how the share price moves before I make a decision. Thanks ?
 
Waiting until closer to the closing date is a sensible idea, especially with BPay. The offer will stay open.

RFX states: Investors and shareholders are advised that the opportunity is speculative and there is no assurance or certainty that it will be realised or that any agreement or transaction will eventuate. Accordingly, market participants should not place undue weight on the existence of this opportunity in making investment decisions in relation to Redflow shares.

As I understand it, there are 3 or 4 major flow battery companies, and of course the Li-ion brigade is ever present. "The RFI is seeking proposals from power developers to help provide that energy" ... from RFX and, one would asume, the competition
 
RFX hammered today.
February euphoria seems to have worn off.
Be nice if I could pick some up around the 28 mark of last year before the big jump.
Mick
 
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