Storage battery manufacturer Redflow is looking to capitalise on growing investor appetite for the sector with a share offering that aims to raise AUD18.1 The share offering, which is due to close on May 15, comes amid growing investor interest in energy storage. m ( $13.7m ). The company will use the funds raised to expand its Mexico operation and, if demand requires, increase production from 90 completed batteries by June to 15 by June . When the offering closes on 250 May, Redflow plans to seek "sales, marketing and manufacturing" partnerships to reduce the cost of making its batteries, according to former CEO Brett Simon .
Storage battery manufacturer Redflow is looking to capitalise on growing investor appetite for the sector with a share offering that aims to raise AUD18.1m ( $13.7m ). The company will use the funds raised to expand its Mexico operation and, if demand requires, increase production from 90 completed batteries by June to 15 by June . When the offering closes on 250 May, Redflow plans to seek "sales, marketing and manufacturing" partnerships to reduce the cost of making its batteries, according to former CEO Brett Simon .