In April 2020, US-based Avalon Battery merged with AIM-listed redT energy (RED LN) to create Invinity Energy Systems plc (IES LN). An equity fund raising of £8.0m was also undertaken for the new combined entity. With a highly experienced team, worldwide sales reach, a secure supply chain and low-cost manufacturing facilities, Invinity Energy Systems plc (“Invinity”) will seek to achieve real scale in battery storage markets for utility, industrial and commercial applications
30 Jun 2020
Successful Merger
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Successful Merger
Invinity Energy Systems PLC (IES:LON) | 23.8 0 0.0% | Mkt Cap: 45.4m
- Published:
30 Jun 2020 -
Author:
Phil Smith -
Pages:
39
In April 2020, US-based Avalon Battery merged with AIM-listed redT energy (RED LN) to create Invinity Energy Systems plc (IES LN). An equity fund raising of £8.0m was also undertaken for the new combined entity. With a highly experienced team, worldwide sales reach, a secure supply chain and low-cost manufacturing facilities, Invinity Energy Systems plc (“Invinity”) will seek to achieve real scale in battery storage markets for utility, industrial and commercial applications