Invinity Energy Systems PLC First ENDURIUM Shipment

RNS Number : 9485P

Invinity Energy Systems PLC

13 December 2024

 

 

13 December 2024

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

First ENDURIUM^TM Shipment

1.2 MWh system now in transit to Gamesa Electric facility in Spain

 

Further to the ENDURIUM launch announcement of 3 December, Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to confirm that its first ENDURIUM vanadium flow batteries have now been shipped.

 

Above (L-R): Adam Howard, CFO, Matt Harper, President and CCO and Jonathan Marren, CEO in front of the first ENDURIUM batteries to ship from Invinity's Vancouver, Canada facility

 

Four ENDURIUM modules with a total capacity of 1.2 MWh are now in transit from Invinity's facility in Vancouver, Canada to Gamesa Electric's La Plana Hybrid Plant, a hybrid wind, solar and battery storage demonstration facility, near Zaragoza, Spain. The V-iOn project, announced on 27 September 2024, will see the ENDURIUM batteries installed and extensively validated by Gamesa Electric for use in solar and wind coupled energy storage projects.

 

Learn more about the V-iOn project on Invinity's website here.

 

Jonathan Marren, Chief Executive Officer at Invinity said:

 

"I'm delighted to follow a successful product launch with the news that our first ENDURIUM batteries have shipped and are now on their way to our development partner, Gamesa Electric. I look forward to this shipment being the first of many as the need for long duration energy storage continues to grow globally."

 

Stay up to date with news from Invinity. Join the distribution list for the Company's monthly investor newsletter here.

 

Enquiries:

 

Invinity Energy Systems plc	[phone]
Jonathan Marren, Chief Executive Officer Joe Worthington, Senior Director, Corporate Affairs
Canaccord Genuity (Nominated Adviser and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor / Harry Pardoe / Charlie Hammond
VSA Capital (AQSE Corporate Advisor, Financial Adviser and Joint Broker)	[phone]
Andrew Monk / Andrew Raca

 

Notes to Editors

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.

 

Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.

 

Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With 75 MWh of systems already deployed or contracted for delivery across 82 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and Australia. Invinity Energy Systems plc is quoted in the UK on AIM and AQSE and trades in the USA on OTCQX.

 

To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via [phone] or [e-mail].

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

UPDQKBBNBBDBPBD