Redflow Gains Momentum in Energy Storage Market

Redflow Limited (AU:RFX) has released an update.

Redflow Limited has strengthened its position in the long-duration energy storage (LDES) sector with key developments, including a strategic MOU with Stanwell Corporation for a potential 400 MWh project, a second contract with the US Department of Defense, and inclusion in a A$20m solar and storage project. The company is capitalizing on increasing market demand for LDES in the US and Australia, with significant government support, such as the Australian National Battery Strategy and California’s 2 GW LDES procurement plan, indicating a growing market opportunity.

For further insights into AU:RFX stock, check out TipRanks’ Stock Analysis page.