‘Time for a new chapter’ at redT as flow firm names Avalon chief as CEO designate

By Liam Stoker
LinkedIn
Twitter
Reddit
Facebook
Email
Image: redT.

RedT has confirmed that Avalon Battery 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.

In a statement this morning, redT confirmed that both McGregor and non-executive director Jeff Kenna would be leaving the company on 31 December 2019, having both spent more than a decade at the vanadium flow machine specialist.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Neil O’Brien, executive chairman at redT, is to continue to manage the company during an interim period prior to the merger’s completion, alongside CFO Fraser Welham. McGregor meanwhile will continue to assist the firm during a transition period and work on a number of “key commercial projects”, the company said.  

O’Brien said it was time for a “new chapter” at redT, welcoming the “wealth of valuable experience” Zulch stands to bring to the storage firm’s top table.

Both McGregor and Kenna have been long-time employees at redT, having joined the company in 2006 and 2009 respectively. McGregor initially served as CFO before taking the reins as chief executive in 2009.

Talks between redT and Avalon – supplier to solar company NEXTracker for its solar-plus-storage solutions – over a potential merger, started in July this year. AIM-listed redT has been in an 'accelerated search for funding' since running into financial difficulties.

Speaking today, Avalon CEO Zulch said it was “difficult to imagine a more complementary combination” than the two companies.

“Together, we aim to form the preeminent force in vanadium redox flow batteries. I'm excited to work closely with the redT team to build an organisation that will dramatically benefit our combined customer base, both current and future, contribute positively to the global energy transition, and generate long-term value for shareholders,” he said.

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

June 23, 2025
The Australian government is set to cut CIS tender process times to around six months as a 576MWh solar-plus-storage site has been approved in Tasmania.
June 19, 2025
LCOS for battery storage in the US has declined enough recently to offset increases between 2021 and 2024, according to Lazard.
June 19, 2025
Real estate platform and energy storage investor Prologis Energy has sold a 400MW/800MWh battery energy storage system (BESS) located in Alvin, Texas, US.
June 18, 2025
Distributed energy company Scale Microgrids has closed US$275 million to support 140MW of distributed generation projects, including battery storage installations in several US states.
June 18, 2025
Home battery systems company Haven Energy and California utility Clean Energy Alliance (CEA)  have partnered to provide homeowners in the state with battery energy storage systems (BESS) at no purchase or installation cost.

Most Popular

Email Newsletter