Australia's Redflow sees best day in a year on deal with Toronto-listed Anaergia

Anaergia

16/03/2022 01:17

** Shares of Redflow Ltd  RFX.AX  rise as much as 17.1% to
A$0.048 - set for best session since March 2021, if gains hold
    ** Electrolyte battery maker says it signed a letter of
intent with SoCal Biomethane, a unit of waste treatment firm
Anaergia  ANRG.TO   urn:newsml:reuters.com:*:nASXc82q4C
    ** Says deal for installation of solar and battery storage
solution at the SoCal Biomethane plant in Victor Valley,
California
    ** Says project will lower plant's energy costs and reduce
carbon footprint
    ** Stock hits its highest level Since Jan. 24
    ** About 3.7 mln shares change hands, compared with the
30-day average volume of 1.2 mln shares
    ** Stock down 16.3% this year, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))