Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Redflow: Australian Energy Storage Business At A Tipping Point

Canaccord Colts

Canaccord Genuity

We believe that Redflow is at a tipping point for its business in the very exciting market segment of energy storage. The company’s zinc-bromine battery has proven to be operationally robust and to hold some advantages over competing battery technologies, particularly in respect of temperature operating range, minimal self-discharge, depth of discharge and safety. Tesla and other lithium-ion battery suppliers are taking the lead in the sales effort to install batteries in the residential market. This is a positive for a small company like Redflow, as it means the larger companies do the early “heavy lifting” to promote batteries. As the market matures, and consumers become more knowledgeable, Redflow’s zinc bromine battery should have a very strong market opportunity in Australia and overseas. We see clear scope for strong revenues during this immediate growth phase, with scenario analysis suggesting a 12–18 month price target in the range of A$0.41 – A$0.85. Our updated Colt note can be found here: (VIEW LINK)

Canaccord Colts
Canaccord Colts
Director Research
Canaccord Genuity

Canaccord Colts provide coverage of a select group of early-stage, ASX-listed companies that our research team believes have exciting growth trajectories.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.