UK-based flow battery company RedT has announced plans to merge with its US peer Avalon Battery Corporation under the new name Invinity Energy Systems.
Both companies have developed vanadium redox flow batteries, which unlike lithium-ion batteries do not contain the electrolyte within the cell itself but instead store it separately in external tanks.
As a result, their storage capacity can be scaled separately from their generation capacity and they do not suffer from degradation.
Picture: Avalon flow batteries installed at a solar farm
Larry Zulch, the chief executive of Avalon and shortly Invinity said: “The merged company will be a world leader in flow batteries.
“This gives us the platform to compete head-to-head against incumbent lithium-ion giants, and in so doing prove that our robust, safe, non-degrading energy storage solutions are the best solution for delivering the world’s ambitious decarbonisation targets.
“Invinity combines the best of British and North American flow battery expertise. By uniting the strengths of the two businesses under one brand, we can realise the huge potential of this game-changing energy storage technology and unlock significant commercial opportunities worldwide.”
The merger is still subject to shareholder approval.
Last year, RedT formed a partnership with Statkraft to offer solar panels and storage to British businesses at no up-front cost. One of its flow batteries will be used to create a hybrid storage system as part of the Energy Superhub Oxford project led by Pivot Power.