One of Australia’s biggest battery technology hopefuls, Redflow, has been placed into voluntary administration in yet another blow to the country’s green industry ambitions.
The Brisbane-based company has been working for more than a decade on its flow battery technology – which has the advantage of longer duration and zero fire risk – but has been struggling on the issue of costs, particularly as the price of lithium-based batteries continues to fall.
The company had hoped to launch a megawatt-hour scale version of its battery, known as X10, and had signed a deal to install a 5 MWh battery with state-owned Stanwell, but while it received offers of support from various government agencies, it says it has been unable to…
