Invinity Energy Systems Share Discussion Threads

[hamidahamida] 26/2/2024 08:26

Definitely could turnout to be a monster in energy storage, technology is validated with minstrel JV with Siemens, personally I'm going to wait till partner is announced and funding is sorted

[megaman2] 26/2/2024 08:21

What's grist ??

[megaman2] 26/2/2024 08:16

Yes on lse they are misreporting what was said on the vsa podcast ...Andrew monk talks about concerns of a discounted placement all he confirms is that he hasn't been anywhere near a retail investor ..

So they jump to the daft ramping conclusion of no dilution ....

There is a guy harchris who is like Walter Mitty with a history of nonsense posts on other stocks.

I'm sure monk is not including a strategic investor in the retail investor cohort and to claim he said no dilution is just daft ramping ..

Its very hard to see how a strategic investor comes on board without dilution . It's more at what price .

[our haven] 26/2/2024 08:05

Looks like the market love the news. Looking very promising and can this finally be the corner being turned.

[robertspc1] 26/2/2024 08:04

Good to see the Taiwan deal firmed up. Could be a big market and royalty deal is smart. And the other deal discussions continue. Should be a relief rally

[itsriskythat] 26/2/2024 07:50

Perfect lack of news RNS for a placing?

[penrith] 26/2/2024 07:40

Some guy on lse going berserk....

[yump] 26/2/2024 07:37

?? Mistral is a product.

[brucie5] 26/2/2024 07:33

This seems to imply mistral no longer interested?

[megaman2] 26/2/2024 07:28

Re-hash of existing deal..

Strategic partner or partners 4to 6 weeks.

[wheeze] 26/2/2024 07:20

So after a long period of gestation Mistral is finally coming to being. Hopefully see a revaluation now26 February 2024Invinity Energy Systems plc ("Invinity" or the "Company") Strategic Manufacturing Agreement Signed, Successful Mistral Performance Test Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), aleading global manufacturer of utility-grade energy storage, is pleased to announce that it has entered into an agreement with its Taiwanese strategic partner, Everdura, to undertake domestic manufacturing of its next-generation vanadium flow battery ("VFB") product, code-named "Mistral", to serve the Taiwanese and other markets ("the Agreement"). Everdura has been Invinity's reseller since 1 December 2022. Everdura's parent company, Everbrite, made a £2.5m strategic investment into the Company which was announced 22 February 2023. On 14 September 2023, Everdura placed a 14.4 MWh pre-order for Mistral and entered into a MoU which proposed a strategic manufacturing partnership with Invinity which has now been superseded by this Agreement. Under the Agreement, Everdura will manufacture Mistral VFBs to fulfil orders it intends to secure under the terms of the existing reseller agreement which targets more than 255 MWh of product sales over a three-year period. The Agreement states that Everdura will pay Invinity a royalty fee based on a material percentage of the sale price of any Mistral products sold. Everdura will also utilise Invinity's existing supply chain and purchase cell stacks directly from the Company, which will continue to be manufactured by Invinity at its facilities in the UK and Canada. In addition, further to its December 2023 Year-End Business Update, Invinity's product development team has successfully undertaken initial performance testing of the first operating Mistral prototype. The Company is delighted to report that these tests have verified Mistral's fundamental performance targets and operating parameters. This significant development milestone enables Invinity to conclude the development of production tooling, processes and procedures required for manufacturing and delivery of initial Mistral modules and to build towards the planned commercial launch of the product later this year. Separately to the above developments and in line with its 18 December 2023 announcement, the Board is very pleased with the level of interest shown in the Company by a number of potential strategic partners. Discussions with these parties are now at an advanced stage and continue to progress positively. On this basis, the Company estimates that it should be in a position to conclude an agreement with one or more of these partners within approximately four to six weeks.

[owenski] 24/2/2024 11:34

When it comes to cash, finance and 'must have technology' in new markets, SED provides a salutary lesson.

IES needs clarity over funding - which I expect will further dilute PI's -

The UK market seems moribund and backwards over getting their act together with anything these days, and I wonder whether IES is best served by moving the whole operation to one locale, ie US or Canada, including their listing.

AIM market has run its course for tapping up shareholders hence why they're going for partnership funding, so there's no real need for listing on poxy AIM market IMO, and, I don't see why they shouldn't confine manufacturing to one local, either US or Canada and rationalise their cost base, Bathgate is an inheritance from the REDt days but is it really necessary to continue there.

If and when they get clarity on funding and finally launch this Mistral product and then hopefully the order pipeline actually starts selling again, then this could be a time to consider investing, bearing in mind that I suspect even then that profitability will still be a couple of years away.

This remains a long lead time capital intensive business, so not the greatest business model for investment in the first place.

However, still on my watch list.

[megaman2] 21/2/2024 05:25

I suppose the other consideration is that a transformational strategic investor may include manufacturing capability or plan to build a plant with funding we know they have the Canadian plant and the USA accreditation to the far east plant (I forgot the name) but it's odds on they may well manufacture in USA.

[hope1815] 20/2/2024 20:09

Just another little Article which links IES which is mentioned but also the link to Siemens 20/2/24

hxxps://original.newsbreak.com/@jack-warner-1874749/3339708926293-germany-s-battery-energy-storage-systems-market-unveiling-segmentation-trends-and-competition

[ivyhedge] 19/2/2024 12:08

Several articles in The Herald (scot paper)and concerning Invinity, worth a read, especialliy the concerns of the locals in linked articles. Still hoping Invinity picks up a few more installs in Scotland.

[marktime1231] 19/2/2024 12:00

Not a BESS plant, a lithium battery recycling centre in Viviez, near Tolouse. Quite a blaze though. Lithium batteries have become quite a recycling problem, fires at all sorts of centres, but this one a specialist battery recycling facility rather embarassing.

The misfortune of others does not replace the need for Invinity to announce a major funding partner and profitable positive cashflow from a programme of significant orders.

[vatnabrekk] 18/2/2024 21:20

Perhaps not Tom, but it makes sense. It seems that UK lenders mostly don't want to touch vanadium BESS because vanadium doesn't have a track record and the lenders are suspicious of anything new! They would rather go with the flow, even though the flow poses a fire risk!

It's my belief that in the short-medium term IES has more potential in the other continents rather than in the UK.

[tom_w3] 18/2/2024 18:30

With all the broker VSA's trips stateside I reckon a USA company... appreciate that doesn't narrow it down!

[vatnabrekk] 18/2/2024 12:05

Absolutely megaman! I wonder who the preferred (hypothetical) strategic investor is?

[megaman2] 18/2/2024 11:53

The main problem here is things keep getting delayed and hence they keep running out of cash as per the going concern downside sceanario and delays such as lodes contract which has been left hanging with the preferred bidder still making their decision creating great uncertainty..

What we need ideally from this hypothetical strategic investor is a cash injection and some future non diluting funds for the inevitable next time future project delays and the cash finishes again ..

[goodgrief] 18/2/2024 11:42

Get yourself round to the next public consultation and lobby for a VRFB solution!

[vatnabrekk] 18/2/2024 11:37

That is a very interesting article Hope, and of particular interest to me as I live in Shetland where Zenobe have put in a planning application to build a 50-70 MW battery park in the middle of a residential and industrial area. There are objections from the local authority and general public who are concerned about the risk of fire and toxic fumes. Surely this would be the ideal situation for a vanadium battery park!