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Redflow announces a pro rata non-renounceable entitlement offer to raise up to $18.9 million to support growth in large scale multi-MWh projects and business development opportunities.
The company has recently secured a commercial scale supply contract for the Paskenta Rancheria Microgrid Project and has an improving sales pipeline.
Recent milestones include signing Redflow's largest single battery sale for a California Energy Commission-funded project and a successful one-year operational milestone for the 2 MWh Anaergia installation in California.