The merger between Avalon Battery and redT has hit another milestone, with the pair announcing that they will create a new company, Invinity Energy Systems.
RedT has received a provisional notice to manufacture 2MW of storage from Pivot Power, as it unveils a partnership with vanadium producer Bushveld Minerals.
RedT’s merger with US storage firm Avalon continues to progress, with the transaction set to be completed around the end of March 2020.
Energy storage firm redT has shuffled its management team as a proposed merger with Avalon nears completion.
Energy storage firm redT has secured a £1.9 million interim loan from proposed merger partner Avalon to keep it going until a potential deal concludes.
Vanadium flow machine specialist redT has trimmed its losses as discussions over a planned merger with US storage firm Avalon continue.
RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.