Redflow Limited (AU:RFX) has released an update.
Redflow Limited, an Australian producer of zinc-bromine flow batteries for energy storage in harsh conditions, has announced the receipt of a $6.42 million deposit for the Paskenta microgrid project. Alongside this update, Redflow disclosed a target market determination for its Entitlement Offer, ensuring that the offer is directed towards the appropriate investors. The company’s batteries, known for their durability and high ambient temperature tolerance, continue to gain traction in the telecommunications and industrial sectors.
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