By Peter Roberts
Vanadium flow battery manufacturer Redflow has gone into voluntary administration after failing to secure new funds from investors.
The company, which manufactures its Australian developed batteries in Thailand, has appointed Richard Hughes and David Orr from Deloitte as administrators.
Redflow was one of the first to launch a commercial vanadium flow battery and achieved significant successes in international markets with its Thai batteries.
However it appears not all was well with its business model and recently the company unveilled a strategic plan to develop a larger scale X10 battery based on its existing stack design targeted at larger megawatt hour scale projects.
Australia is a major potential market for such…
