The proposed merger between flow energy storage companies Avalon Battery and redT continues to progress, with the transaction set to be completed around the end of March 2020.
Flow batteries have so far, failed to live up to the disruptive potential they promise, a new report says, but authors Alex Eller and William Tokash at Navigant Research have identified 12 leading vendors in the nascent field, based on metrics of strategy and execution.
RedT has confirmed that Avalon chief executive Larry Zulch will lead the combined entity should its proposed merger complete, with Scott McGregor set to depart at the end of the year.
Vanadium producer Bushveld Minerals has offered its backing to the merger of UK energy storage provider redT with US vanadium redox flow battery maker Avalon Battery, providing a loan to help the deal get over the line – and to help its own vertical integration ambitions.
Vanadium flow machine specialist redT has trimmed its losses in the first half of 2019, and said it expects further developments related to its planned merger with Avalon in the near future.
Some choice words from conversations with Scott McGregor, CEO at redT, Avalon Battery president and chief product officer Matt Harper and NEXTracker’s chief technology officer, Alex Au.
Australia may be one of the leading major economies in terms of renewable deployments, but it’s woefully underprepared at a network level to actually make the transition…
‘Hybridising’ energy storage systems by combining lithium-ion and flow batteries, shares the power and energy application workloads between the two types of battery and can prolong their life expectancy, a representative of Thai engineering firm TSUS Group has said.
