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Avalon Battery Corporation

VRFB firms RedT and Avalon merge to topple lithium-ion’s place as first choice for ESS projects

Thu, 04/09/2020 - 10:07 -- Paul Crompton

Vanadium redox flow battery firms RedT Energy and Avalon Battery Corporation have finalised a merger with the goal of becoming a key competitor to lithium-ion technology in the growing energy storage markets.

The new firm is called Invinity Energy Systems (Invinity), and combines the existing strengths of both the UK-based RedT and the US-based Avelon.

The merger was agreed on 1 April following a shareholder meeting.

Larry Zulch, CEO of Invinity (former CEO of Avalon), said: “The merged company will be a world leader in flow batteries. This gives us the platform to compete head-to-head against incumbent lithium-ion giants, and in so doing prove that our robust, safe, non-degrading energy storage solutions are the best option for delivering the world’s ambitious decarbonisation targets.

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Merger of flow battery firms sees Avalon move its CEO into RedT’s top seat

Tue, 11/19/2019 - 15:31 -- Paul Crompton

UK-based vanadium redox flow battery firm RedT will integrate the chief executive officer of US energy storage firm Avalon Battery Corporation on the successful completion of a merger between the two firms.

Larry Zulch will become the new chief executive of RedT subject to finalisation of the merger as Jeff Kenna and Scott McGregor prepare to leave the company on 31 December. 

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Firms announce merger with goal of becoming No.1 global flow battery company

Fri, 07/26/2019 - 13:01 -- Paul Crompton
Firms announce merger with goal of becoming No.1 global flow battery company

It is ‘business as usual’ for redT following the announcement on 25 July it had agreed to a proposed merger with fellow vanadium redox flow battery company Avalon Battery Corporation.

The UK and US (respectively) companies have signed a non-binding memorandum of understanding for the merger. If approved by shareholders the deal will constitute a reverse takeover* under London Stock Exchange rules.

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