Invinity Energy Systems Share Discussion Threads

[megaman2] 27/6/2024 22:22

They have to announce them before they cAn deliver them and ies delivery time is looking like 18 months plus ...

So out of time if that's true ..eg doe announced September 2023 ...delivery some time in 2025..
Uk lodes may 2023 delivery end 2024...maybe still awaiting contract . Of course they will claim delays due to xyz but isn't there always ..

If it carries on like that they won't be delivering 300 mwh in 2025 if they don't announce 200+ mwh asap...more like 100mwh ...if there are no delays as it stands. Probably why they raised so much money as they know how Inept they are ..

[mab] 27/6/2024 20:31

The "Advanced" commercial pipeline [company selected as the supplier] for June 24 is 446Mwh, so they have 18 months to deliver the 300Mwh broker estimates for year end 2025

[megaman2] 27/6/2024 18:10

They actually have to produce some new contracts to make these broken notes reality..

The one I read has revenue at c £120 mill..300 mwh ..next year...where are the contract announcements that can be realistically delivered next year ??????

[mab] 27/6/2024 17:40

However "Price is King" as they say

[mab] 27/6/2024 17:39

Some order book! Probably got near 1Gwh of manufacturing capacity globally to produce it. Worth around £3billion in revenue if 300mwh equates to around £150m in sales (from memory)

"Looking further out the total pipeline has risen to 6.6GWh compared to 2.47GWh a year ago (17 June 2024 compared with 24 May 2023). "

[yump] 27/6/2024 17:06

Trouble is, the research notes don’t cancel out reality.

[owenski] 27/6/2024 17:02

As expected, no buyers for this today.

Business model untested and based on aspiration only. The cash will go soon enough.

Still a bit of a story stock to be honest.

Glad I'm not holding and certainly glad not to have bought at 150 and watch my capital get destroyed.

[hope1815] 27/6/2024 16:57

Reserach Note part 2 Mark Watson-Mitchell 27/06/2024


Invinity Energy Systems – Maker Of Vanadium Redox Utility-Grade Energy Storage Has Big Profits On Its Horizon

hxxps://ukinvestormagazine.co.uk/invinity-energy-services-maker-of-vanadium-redox-utility-grade-energy-storage-has-big-profits-on-its-horizon/

Alex Brooks A vital part of the energy transition Reserach Tree 26 June 2024

hxxps://www.research-tree.com/companies/uk/electrical-and-electronic-equipment/invinity-energy-systems-plc/research/canaccord-genuity/a-vital-part-of-the-energy-transition/85_0785d760-4c58-474c-96d3-c57f03c4060b


Happy Investing

[hope1815] 27/6/2024 16:41

Reserach Note Part 1

Invinity has announced full year results showing a substantial increase in revenue in line with earlier guidance of £21.6m with total income rising 511% to £22.0m driven by an 800% year on year increase in batteries shipments to 32.5MWh. The company now has more than 136.7MWh of batteries sold or with funding awarded for delivery in 2024 or 2025. 99.6MWh of these sales are of the new Mistral battery which is on track for commercial launch in the current year. Looking further out the total pipeline has risen to 6.6GWh compared to 2.47GWh a year ago (17 June 2024 compared with 24 May 2023). The base category is up 7% in this period but of particular note is the growth in the advanced stage pipeline up 508% to 446.5MWh.

The loss from operations slightly widened to £22.8m broadly in line with our forecast of £21.3m. While the company continued to see a negative gross margin reflecting some of the earlier sales contracts, we expect a move towards positive gross margins in the current year and the company confirms flat or a small positive gross margin on more recent projects before any allocation of facility costs. We expect the Mistral battery to drive stronger gross margins in the medium term along with the higher volumes implied by the pipeline growth. Administration costs have been held almost unchanged at £19.1m reflecting good cost control and operating cash outflows reduced to £19.7m from £21.9m. Following the £57.4m fund raising post period end, the balance sheet is healthy with £53.2m of cash at 31 May 2024.

Happy Investing

[indiestu] 27/6/2024 15:32

Off topic but what the hell don't shoot me. Does anyone have any picks that are doing well and they would like to share. I have some spare cash and only one trading day before the weekend.

[indiestu] 27/6/2024 14:59

Sentiment seems sufficiently low for a decent rally. ;-)

[yump] 27/6/2024 14:13

Just re-read this again and its worse than I thought: “The Company has a strategic aim to move to delivering projects at positive gross margin”

Its not quite an aim, its just a strategic aim. Its also not an aim to deliver, its an aim to move to delivering.

“We’d like to order 300gW, could you deliver that next year ?”

“Our strategy would be to aim to move to a delivery timescale that optimises the balance between our production capacity and your required operational timescale”

I can do those phrases, gi’us a job.

Trouble is, its not funny is it.

[purchaseatthetop] 27/6/2024 13:25

28/6/23

“The ongoing achievement of developmental and engineering milestones has continued to validate the commercial and technical targets established for the programme. Invinity continues to expect more contracts for a limited number of initial pilot projects to be announced later in 2023, with publication of full product details, product certification and unrestricted sale of the product expected mid-2024.”

Today

“Over the past two years, the Invinity team has delivered ever-larger projects - proving how our vanadium flow batteries can deliver the capabilities our customers want: durable, safe, long duration energy storage ("LDES"). With the launch of our next-generation vanadium flow battery, code-named "Mistral", expected later this year we will have the product that can deliver those capabilities to electric grids around the world at any scale.”

Uncertainty count….damn. That word expected is still there.

[guppygould] 27/6/2024 13:12

I apologise for bringing up old things, but there does seem to be a similarity with the promise of Mistral and the fabled 'German Deal' from the redT days. Just saying.

I just wish that they could give long-term holders that have funded their salaries a mere pittance as some kind of recognition for their support instead of diluting them down yet again.

[marktime1231] 27/6/2024 13:00

Ugh, such dithering complacency from Zilch and chums now infused with cash.

"on track ... later this year ..." for goodness sake if there is qualified demand for over 2GWh then get on with it! I remember us all being poised over a year ago to hear the outcome of Mistral co-development with Gamesa, anticipating a product launch, since when we seem to have returned to a cycle of commercial trials.

"... there is much to do ..." yes, like getting on with it, what or who is holding you back?

Oh and at some point we will have to think about turning profitable. Grief!

Zilch is not sufficiently commercial or driven, too bunged up to succeed, again preferring to apologise that things seem to be moving slower than we would like. Imagine where Invinity could be, in the right hands.

Don't tell me to appreciate the opportunity and to be patient, past all that, it is all too frustrating.

[megaman2] 27/6/2024 11:42

136.7 mwh for 2024- 2025 is not enough by a long shot as the clock ticks the runway for new sales to come to fruition by end 2025 is shortening ..maybe closed now . If they got a big order now that's more likely 2026 at the speed they move

Paticience has been disastrous for the share price and subsequently dilution and the shares now in issue which made a deal like highview power just concluded impossible ..

Now the no funding chestnut excuse has been quashed reading the rns it appears they have invented some more to pre-empt not delivering again .

[brucie5] 27/6/2024 11:42

Well I'm out. Good luck to holders; on the basis of corner shop economics if you can't make a profit on each pack of toilet roll, then it matters not how many you sell. Obviously we hope for the difference that Mistral might make - when it happens- and then for very large scale orders. I genuinely hope these will both come to pass, but the slippage in share price since the fund raise has not reassured, and given that this is well into the penny share range I'm choosing capital preservation over speculative prospect. If all goes well I'll be happy to buy back at multiples an outcome richly deserved by all those that will have hung on.

[robertspc1] 27/6/2024 11:37

Not the merest hint of apology for the massive destruction of shareholder value. Tells you everything

[robertspc1] 27/6/2024 11:36

Not the merest hint of apology for the massive destruction in shareholder value. Tells you everything you need

[mikemine1] 27/6/2024 10:39

Aside from the other highlights I'm pleased to see this aspect of IES's plan. I was expecting Gamesa to fulfil the heavy lifting of production but having regional heavy lifters with regional contacts and understanding makes a lot of sense. As Larry says, it makes for quicker penetration and less capex for IES.

"we have been encouraged by our current and prospective partners' response to the "license and royalty" model with which we intend to grow our international business. In this model, Invinity will deliver core technology components to our regional manufacturing partners, who will assemble and deliver products to their own regional client base. This will allow us to rapidly scale while remaining a capital-light business.Our first partner to adopt this model, Everdura in Taiwan, has begun work on their final assembly plant, and is painting a path for steadily evolving relationships in Australia, Eastern Europe and the Middle East.

Invinity is making progress, having delivered more batteries than ever before and secured funding and contracts for almost 100 MWh of our next generation product. "

So, get Mistral launched and they have almost 100 MWh of orders under contract already. We don't know how much else is waiting on the sidelines but my guess is it is at least as much. It's only a guess though. The next major announcement must be about Mistral.

[mab] 27/6/2024 10:35

Fluence a Siemans company uses Lithium for it's battery storage projects. Newest stack is 2-4 hour...Just deployed largest dutch battery storage project to date recently, 45Mwh

hxxps://ir.fluenceenergy.com/news-releases/news-release-details/fluence-and-dispatch-will-deploy-largest-stand-alone-battery

Remember looking at the battery storage project about 1 mile away from Invinity hq in Scotland and from memory it was a 150Mwh project using 2 hour storage duration and was a 5-6 year project

What is the Invinity battery stack cycle duration aiming at, 4hour+ ?

[mab] 27/6/2024 10:20

Fluence energy did $2.2billion in sales last year, loss of $104mill. Loss making for the last 5 years but looking to be profitable this year to the tune of £31mill, then $135m, and $221m for 2026.

hxxps://uk.marketscreener.com/quote/stock/FLUENCE-ENERGY-INC-128691270/finances/

"Fluence is the largest BESS integrator by projects deployed and contracted according to S&P Global Commodity Insights."

Apart from the odd few shares listed in the US most of the alt energy/solar plays are nearer lows than highs, so not just Invinity struggling to attract big fund monies to bolster share price. Massive build out of energy storage and transition away from fossil fuels, and with 6Gwh in pipeline Invinity surely will have it's day in the sun. But not just yet..

In the end price is king and for now short, medium and long trends are down. Untill these price dynamics change the share price will remain heavy