Invinity Energy Systems ( (GB:IES) ) just unveiled an announcement.
Invinity Energy Systems has announced a significant agreement to supply a 10.8 MWh ENDURIUM battery system to STS Service Ltd in Hungary for a solar-plus-storage project, marking their second collaboration. This project aligns with Hungary’s ambitious renewable energy targets and will enhance grid stability. Additionally, Invinity has secured a sale of a 0.9 MWh vanadium flow battery to HITT Contracting in the USA, supporting their sustainability goals with integrated solar PV and energy storage. These developments underscore Invinity’s strategic positioning in the energy storage market, highlighting the reliability and economic benefits of their products, and their role in advancing the global energy transition.
More about Invinity Energy Systems
Invinity Energy Systems plc is a global leader in manufacturing vanadium flow batteries, which are designed for large-scale, high-throughput energy storage needs of businesses, industries, and electrical networks. Their batteries are known for their durability, operating continuously without degradation for over 25 years, making them ideal for demanding renewable energy applications. Invinity was formed through the merger of redT energy plc and Avalon Battery Corporation in 2020 and has a significant presence in major global energy storage markets, with operations in the UK, Canada, USA, and China.
YTD Price Performance: -32.81%
Average Trading Volume: 439,188
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £47.36M
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