Aug 18, 2017 Last Updated 2:35 PM, Aug 17, 2017

New Entry From the Editor :

Telstra cuts dividend outlook after disappointing FY performance

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AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

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Redflow challenge Tesla in renewable battery market

Redflow Simon HackettAusBN - Redflow (ASX:RFX) have announced the launch of a flow battery solution to challenge Tesla’s Powerwall. The Brisbane battery solutions company will launch its zinc bromine flow

battery next month while it hopes it can deliver the product for home use this summer.

Tesla’s lithium-ion battery ‘Powerwall’ lets consumers store solar panel energy and off-peak mains energy for later use, and has been very successful for use in cars while Redflow will market its battery for home use.

Simon Hackett, executive chairman of Redflow, said: “I think their batteries are brilliant in a car, I think our batteries are much better suited to a house.”

Hackett also said that while the Tesla battery will deteriorate through constant use and recharging, the Redflow battery is predicted to last a decade.

Redflow have previously produced renewable battery storage solutions commercially for telecommunications support.

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