Invinity Energy Systems ( (GB:IES) ) has shared an update.
Invinity Energy Systems has announced a strategic partnership with Frontier Power, which has secured a joint development agreement with Ethos Green Energy to support up to 20 GWh of Long Duration Energy Storage (LDES) projects in the UK. This collaboration will utilize multiple technology solutions, including Invinity’s flow batteries, and is a significant step towards multiple bid submissions for the UK LDES Cap and Floor Scheme, enhancing Invinity’s market positioning and operational capacity.
More about Invinity Energy Systems
Invinity Energy Systems plc is a global manufacturer specializing in vanadium flow batteries designed for large-scale, high-throughput energy storage needs. These batteries are known for their durability, operating continuously without degradation for over 25 years, making them ideal for renewable energy applications. The company emerged from the merger of redT energy plc and Avalon Battery Corporation in April 2020 and has deployed over 75 MWh of systems across more than 80 sites in 15 countries. Invinity is active in major global energy storage markets with operations in the UK, Canada, USA, and China.
YTD Price Performance: -26.56%
Average Trading Volume: 1,147,720
Technical Sentiment Signal: Buy
Current Market Cap: £55.07M
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