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The world of renewables this week

Last week we published just too early for the item about UK Vanadium Flow businesses RedT and Avalon merging via a reverse takeover to create a leading player in the energy storage market. We guess they were thrown together by investors who felt that neither had a global reach, but together they might just about have. New funding is on the way – it hopes as much as £24 million. Technically Avalon has been acquired using redT shares valued at 1.65p a share making it worth $37.5 million. The combined business will have operations in North America, Europe and Asia. National Grid said it will use artificial intelligence to improve its solar forecasting and accuracy can go up by as…

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