Invinity Energy Systems Share Discussion Threads

[theoldtrader] 11/8/2024 10:46

09 Aug 2024 Interview By Andrew Draper

In an interview with BEST, Zulch said the company had hoped to complete its funding in 2023. It stated in its annual report for 2023 it concluded a strategic investment from the UK Infrastructure Bank of £25 million ($32 million) and an investment from Korea Investment Partners of £3 million as part of a larger £57.4 million of fundraising completed in May.

In addition, as part of the capital raise in March 2023, Everbrite Technology Co, a leading Taiwanese manufacturer of industrial technology, subscribed for £2.5 million of Invinity shares.

“So that’s terrific,” he said. “That puts us in a position to have enough money to fund our operations until we make enough positive margin off Mistral to be a business as cash flow positive. That was the purpose of the fundraising, to give us enough money to get where we need to go.” Mistral is its latest flow battery, on which it is pinning its hopes.

Zulch said Invinity did not see funds until May this year, after the funding was approved by shareholders. This was more than six months beyond what he hoped when Invinity started the process part way through 2023.

Asked if it was holding Invinity back, he said: “It delayed things. It’s not holding us back anymore because we have the money, but what it did is it shifted some of our schedules into the future, which is painful because we feel the need to move quickly given the magnitude of the opportunity. And because our shareholders want to see us get to profitability, as do we.”

He said the company is aiming to achieve profitability or break-even next year. “We want to not need outside funds in 2026. We want to be self-funding in 2026. That’s our goal.”

Right now, the company is focused on getting Mistral out, and then will look to optimise it, he said. That will mean configurations appropriate for different uses. The first Mistrals coming out are really designed for more than 10MWh, he said.

Zulch said Mistral is a technology platform that is inherently 30% less expensive than its flagship VS3 platform. As Mistral’s capabilities are demonstrated, production will build and costs will come down, he said. It has a comparatively small physical footprint that it believes will lead to lower operating and maintenance costs.


All I can say is let's wait and see if the CEO is correct on break-even next year. That will only happen if there is a deluge of orders in the coming 3 months.

[megaman2] 11/8/2024 09:56

My comments where surrounding kemche claiming the raise was done when ies had no balance sheet problem😂8514; a company with no cash losing $20 million plus per year raising at a paltry mkt cap...absolute nonsense . Ies raised at a mkt cap.of c £40 million...which considering the money that's gone in is woeful ...the investment return so far has been disastrous and most companies zulch should have gone ...a strategy of break even in 2 years before the money runs out is hardly inspiring ...every year the company raises £20+ million ..c300 MWh is break even they have to start delivering substantial contracts or it will be deja vu ...5.1 mwh in 8 months is awful. The 4 mwh was already in the base case. Supposedly there is c 440 mwh (-(-doe 84mwh) in the advanced but so far all year they have been unable to announce none ...not contract ...announce ...it's getting hard to believe ..the recent comment by vsa capital vented his frustration...as things stand next year is not looking very good zero on the base case and lead in times lengthy .

[theoldtrader] 11/8/2024 08:53

The issue of Funding is past, each company has had money from the UK Infrastructure Bank. What is important now is Investment return, the lack of orders stems from people's concerns which are valid.

Many things are ongoing with Invinity Energy Systems on partnerships, ownership, product data, expansion programs within the company on jobs, scaling up on production line output so on.

The cap and floor within the UK market for LDES. Invinity seems to be waiting on that.
There seems to have been some development on partnerships in other areas around the world which have yet to be mentioned.

The ongoing data gathering has been mentioned in Australia which the CFO mentioned. What was not mentioned was the temperature upgrade of the VS3 model operating above 40 degrees, which now operates in the region of 50 degrees. The data before showed operational data up to 40 degrees(Australia data source)

[kemche] 10/8/2024 19:58

I encourage shareholders to be logical: for a raise of this size - and again, there aren't many out there anymore, so this is a significant accomplishment for that - if there were any real 'balance sheet issues' behind this raise, the discount demanded - no matter how poorly IES has done to date - would have been much, much higher. On the contrary, the evidence we have here disproportionately points to high institutional investor demand on the back of excitement for the company's prospects.

[pdud] 10/8/2024 18:46

TRUMP WILL PUT THIS INDUSTRY IN THE GUTTER!!!!!!! TRUMP HAS VOWED FOR OIL AND COAL!!!!!!!!!!!

[vatnabrekk] 10/8/2024 16:10

As far as I know the prototype in the video is working but they can't upscale until the grid in Orkney and North of Scotland is upgraded.

[gerd212] 10/8/2024 13:41

I posted the Ch4 Youtube vid because it's some publicity for the Invinity partnered project (even though sadly there was no mention of IES)!

The battery/electrolyser "sheds" are shown at 3:45.

[pdud] 10/8/2024 12:17

LOLOLLLLLL

[zingaro] 10/8/2024 11:33

Goodgrief: that was dated 2020. Was it installed and is it working?

[kemche] 10/8/2024 10:08

I encourage shareholders to be logical: for a raise of this size - and again, there aren't many out there anymore, so this is a significant accomplishment for that - if there were any real 'balance sheet issues' behind this raise, the discount demanded - no matter how poorly IES has done to date - would have been much, much higher. On the contrary, the evidence we have here disproportionately points to high institutional investor demand on the back of excitement for the company's prospects.

[pdud] 10/8/2024 09:57

GOING TO ZERO YOU MUGS!!!!!!!!

[pdud] 10/8/2024 09:56

TRUMP ENERGY REVOLUTION WILL BURY COMPANIES LIKE THIS!!!!!!!! TRUMP WILL PUSH FOR MORE COAL AND OIL!!!!!! THIS IS FINISHED LOLOLOLLLL

[goodgrief] 10/8/2024 09:43

hTTps://invinity.com/flow_battery_plus_tidal_green_hydrogen_orkney/

[mikemine1] 10/8/2024 09:12

Very interesting project gerd212. The waters around the UK could easily support our electricity needs it seems. Battery storage has obviously got it's place here. The problem with renewables is their unpredictability but this system would be more or less certain to produce a given amount of electricity in a very predictable way. The cost efficiencies are obvious.

It'll be interesting to see if they can scale it up at a reasonable price.

[pdud] 08/8/2024 22:35

THIS INDUSTRY IS FINISHED!!!!!! TRUMP FAVOURS COAL AND OIL YOU MUGS!

[dacs40] 08/8/2024 17:24

Perth flow battery maker signs deal to build vanadium plant in South Korea
Western Australian vanadium flow battery company Avess Energy has inked a deal to build a 500-tonne electrolyte manufacturing plant in South Korea as part of plans to strengthen its position in the global energy storage market.

AUGUST 7, 2024 DAVID CARROLL

hxxps://www.pv-magazine-australia.com/2024/08/07/perth-flow-battery-maker-signs-deal-to-build-vanadium-plant-in-south-korea/?utm_source=Global+%7C+Newsletter&utm_campaign=2a71bf6845-dailynl_gl&;utm_medium=email&utm_term=0_6916ce32b6-2a71bf6845-159341341

[mr macgregor] 08/8/2024 08:12

Kristina Peterson, Non-Executive Director of Invinity, was an Independent Director of Electriq Power Holdings, Inc. ("Electriq") when Electriq declared Chapter 7 bankruptcy on 3 May 2024. Liquidation proceedings are currently ongoing.

IES will be another one for her collection.

[pdud] 07/8/2024 08:27

MUGS BUYING A LEMON HERE LOLOLLLL

[wheeze] 07/8/2024 06:53

Dud by name dud by nature. He was probably fed a diet of spam as a child...I recommend the filter - cannot see any of the rubbish it posts