redT energy and Avalon Battery Corp announce merger to form Invinity Energy Systems

London-based redT energy and Oakland-based Avalon Battery Corp announced a £57.7 million merger to form Invinity Energy Systems, a vanadium redox flow battery manufacturer. The merger is structured as a reverse takeover of Avalon by redT.

“London-based redT energy and Avalon Battery Corp, from Oakland, California, have announced plans for a £57.7 million merger to form the transatlantic Invinity Energy Systems vanadium redox flow battery manufacturer.”vanadium.com

• 1 source
• vanadium.comUK Deals For Vanadium Redox Flow Merger And Electric Vehicles Announced - Vanadium PriceMar 18, 2020

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