UK based redT and US based Avalon are entering into a transatlantic energy storage merger, creating a new company called Invinity Energy Systems. Both manufacture energy storage systems based around vanadium redox flow battery technology and believe this merger would enable them to transition into a world leader in flow batteries and enable it to compete with incumbent lithium-ion giants. However, for now, PTR finds it difficult to predict whether this partnership yield any significant changes. Link to the news: