The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.
Australia-based zinc-bromine flow battery company Redflow, which has a market cap of nearly US$60 million, has halted stock market trading as it prepares a capital raise.
Redflow has reported a significant rise in revenues from its zinc-bromide flow batteries but the Australian company noted that it expects to remain “cash-flow negative for some time”.
Australian stock exchange-listed flow battery manufacturer Redflow has scored a second order for its devices from the Rural Connectivity Group, a New Zealand-based telecommunications company.
