Redflow to supply energy storage to Energy Queensland

Redflow Limited has announced that it has been selected to supply 4 MWh of energy storage to Energy Queensland as part of a $12 million network battery project.

The contract for the project between Energy Queensland and Redflow is being negotiated and is expected to be concluded by the end of August. The 4 MWh project is estimated to be worth $3.5m in revenue for Redflow, which will be recognised in FY24. The project is expected to be delivered in the second quarter of 2024.

Redflow’s zinc–bromine flow batteries can play a key part in Energy Queensland’s battery program, helping the state meet energy storage demand that could potentially reach 15 GWh by 2030.

Following the memorandum of understanding signed between Redflow and Energy Queensland in February 2023, the company has been working with Energy Queensland to further validate Redflow’s energy storage technology and the role it plays.

Tim Harris, Redflow CEO and Managing Director, said the company has worked closely with Energy Queensland to finalise the initial project.

“Significant amounts of stationary energy storage will be required to meet the Queensland Government’s strategic plan and deliver the Queensland Energy and Jobs plan, which targets 70% renewable energy penetration by 2032,” Harris said.

With the energy storage market continuing to accelerate rapidly, Redflow has various MWh projects continuing to grow, including the 20 MWh project in California that was announced in June.

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