# 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.

- Type: Acquisition
- Announced: 2020-03-18
- Where: United Kingdom
- Value: $71.0M (57.7M GBP)
- Status: announced
- Products: vanadium redox flow batteries
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [redT energy](https://endata.com/companies/46007.md) (acquirer)
- [Avalon Battery Corp](https://endata.com/companies/46008.md) (target)

## Sources

- [vanadium.com](https://vanadium.com/2020/03/18/uk-deals-for-vanadium-redox-flow-merger-and-electric-vehicles-announced/), 2020-03-18: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.