Invinity Energy Systems ( (GB:IES) ) just unveiled an update.
Invinity Energy Systems has partnered with Frontier Power to deploy up to 2 GWh of its ENDURIUM vanadium flow batteries in the UK, targeting the Ofgem’s Long Duration Energy Storage Cap and Floor scheme. This collaboration marks a strategic step towards enhancing the UK’s clean energy transition, aiming to bolster domestic manufacturing, create jobs, and position the UK as a leader in non-lithium energy storage solutions. The partnership not only supports the deployment of Invinity’s technology but also explores further collaborations in international markets, enhancing energy security and potentially reducing electricity costs by minimizing renewable curtailment.
More about Invinity Energy Systems
Invinity Energy Systems plc is a prominent manufacturer of vanadium flow batteries designed for large-scale, high-throughput energy storage. These batteries are suitable for demanding renewable energy applications, offering reliability and economic efficiency over a lifespan exceeding 25 years. Established through the merger of redT energy plc and Avalon Battery Corporation in 2020, Invinity operates globally across major energy storage markets with significant deployments in the UK, Canada, USA, and China.
YTD Price Performance: -24.69%
Average Trading Volume: 535,914
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £53.09M
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