RedFlow nets $3 million tax incentive

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ELECTRICAL storage developer and manufacturers RedFlow has received just over $3 million dollars from the R&D Tax Incentive.

In August, the company lodged the preliminary documentation for the 2012 R&D Tax Incentive, with payment coming in this week.

Dr Alex Winter will continue leading R&D activities at RedFlow, especially in regards to the zinc-bromine energy storage technology which stores electricity from non-peak hours or solar PV for later use.

The company will also continue research efforts alongside the University of Queensland, which earlier in the year took delivery of a large-scale storage system to work alongside its mega-watt solar array.

RedFlow is also collaborating with the University of Sydney to develop next generation materials and components over the next three years.