Invinity Energy Systems Share Discussion Threads

[bill hunt] 11/12/2024 14:49

Courts hearings this pm. RNS later.

[brucie5] 11/12/2024 12:52

Thanks to Theoldtrader for sharing this link on LSE where you see Invinity's plants internationally. Nice little toy to play with!


LSE seems to be a bit more active than over here.

[gbcol] 11/12/2024 12:47

“Delighted to supply our vanadium flow batteries to @VSUNEnergy for the @HorizonPower_WA LDES project, demonstrating their safety and durability in Australian #energystorage projects”

[dacs40] 10/12/2024 18:45

World’s largest vanadium redox flow project completed
Dalian-headquartered Rongke Power has completed the construction of the 175 MW/700 MWh vanadium flow battery project in China, growing its global fleet of utility-scale projects to more than 2 GWh.

DECEMBER 10, 2024 MARIJA MAISCH

hxxps://www.pv-magazine.com/2024/12/10/worlds-largest-vanadium-redox-flow-project-completed/?utm_source=Global+%7C+Newsletter&utm_campaign=0900ac023d-dailynl_gl&utm_medium=email&utm_term=0_6916ce32b6-0900ac023d-159341341

[indiestu] 10/12/2024 14:06

If it wasn't going to happen they would have pulled it from the website.

[guppygould] 10/12/2024 14:00

I can't find he location for the project. Several articles online cover it, but it sounds like somebody must know because the last lines in the following url contain the text "Correction: A previous version of the article included a planned location for the battery. We have deleted it as it was incorrect. Apologies for the error."

[indiestu] 10/12/2024 13:38

hTTps://invinity.com/vfb-lead-lodes/The big question. Where is the project going to be located? I'm feeling l've missed something here.

[brucie5] 08/12/2024 16:40

Still struggling to understand the above which looks like it was written by AI - but thanks for replying.

[brucie5] 07/12/2024 10:28

Thanks for getting back - you write with authority someone who understands the business in some depth. But I have to say I'm none the wiser. Can you give me a concrete example of a LDES project and what exactly IES are doing 'in partnership', particularly as this involves shareholder money. What exactly are they putting money into? I'm no doubt being thick, but it other circs doesn't it rather sound like paying someone to buy your product?

And what is a 'built up model' as opposed to trading price.

In your second para, is this basically about recycling existing vanadium from electrical hardware? I seem to recall mention of recycled VA being an important source.

Finally, having read back some of your posts I see you are not afraid to be critical to some degree of the management though I infer that you are interested if not enthusiastic about the business case: can you give us a thumbnail view of how you see things progressing now, and which fronts?

TiA.
B5.

[brucie5] 06/12/2024 14:39

Being short of knowledge I'd appreciate some explanation exactly what it is that IEs a have a minority stake in: what exactly is the entity or entities that constitute the LDES? And can you give me an example of one in which IES has/will take a stake it?

My follow up question would be whether this is a case of robbing Peter to pay Paul? But presumably UKIB would have approved it as a way to get IES tech into BESS?

Bear with; as an ex-teacher I'm always happy to be the dummy in the class.

[marktime1231] 06/12/2024 00:11

Thank you. So it is a pre-condition, and things have slipped, holding up the LDES programme until next year.

[gbcol] 05/12/2024 17:41

It was explicitly stated that it is a requirement to switch to UK domicile. That’s why they are doing it. Will be approved by shareholders next week. Courts (Jersey and UK) need to rubber stamp it in early Jan. I suspect LODES will follow very shortly thereafter.

[marktime1231] 05/12/2024 16:52

Jersey is not in the UK for political or tax purposes. The switch to UK domicile might be a requirement of the UKIB investment and/or LDES grants, noting both are funded by UK taxpayers. Does that explain the delay in greenlighting LDES?

[marktime1231] 05/12/2024 12:17

Isn't the UK govt taking the prior step of evaluating various LDES alternatives before deciding which is the most promising to back. Long duration batteries at the GW scale remain unproven, on technology and economics. They are also looking at things like compressed air, and ...

But yes, the UK needs to get on with fast-tracking the answers.

The UK is not alone in wrestling with the intermittency of renewables, California has a similar sized problem with solar.

The only proven long duration energy storage solution is pumped hydro. SSE's 1GW project Coire Glas is still waiting for the starting gun after more than a decade of dithering. It might be seen as expensive but it would repay itself many times over. A bit like the Thames Barrier, sometimes you just have to do it whatever the cost.

[brucie5] 05/12/2024 08:18

Yes to the above.

[gbjbaanb] 05/12/2024 01:31

And in the mainstream media that politicians read.httPs://order-order.com/2024/12/02/brits-shelling-out-billions-to-wind-farms-to-switch-off-when-its-too-windy/£1bn spent on throwing energy away this year alone. Gov really should change that to battery credits that must be spent on batteries. Write to your MP.

[brucie5] 04/12/2024 14:41

Just to remind how recent this was: May 2024. Of which paragraphs 2&3 explain exactly why UK Gov decided to back this particular horse with £54m of tax payers' hard earned. Yesterday's announcement of the product launch will presumably be seen as the first vindication of this colossal investment: skilled jobs in Scotland; manufacturing in the UK; energy transition.



The Bank’s financing forms the cornerstone of a £56 million fundraise with UKIB’s investment accelerating the deployment of Invinity’s existing and next generation vanadium flow battery products onto the UK grid. Durable and easy to deploy at scale, Invinity’s batteries have lower levels of degradation compared to other storage technologies and do not suffer from thermal runaway making them well suited to a broad range of grid-scale battery applications.

In line with the Bank’s regional growth mandate, the investment will support the expansion of Invinity’s footprint in Scotland, boosting manufacturing in the nation and unlocking opportunities for skilled jobs. The proposed opening of a new manufacturing site in Scotland in addition to its existing facility in Bathgate will create up to 41 new jobs in the region.

Integrating longer-duration energy storage onto the grid is vital to supporting the UK’s net zero transition as the country adopts more variable energy sources like wind and solar and continues the rapid electrification of its transport and heat networks. Vanadium flow batteries are one the most promising proven technologies for longer-duration battery storage between 4-12hrs. Invinity’s batteries are ideally suited to manage energy supply and demand volatility with a number of advantages over more well-established lithium-ion batteries.

[brucie5] 04/12/2024 13:54

Good point. Hopefully and implicitly perhaps, this is to be seen now as UK strategic asset, in miniature. Certainly fits the Milliband agenda.