An announcement from Invinity Energy Systems ( (GB:IES) ) is now available.
Invinity Energy Systems has welcomed the release of a Technical Decision Document by Ofgem, which outlines the UK LDES Cap & Floor scheme’s final details. This development highlights the importance of long-duration energy storage solutions, like Invinity’s vanadium flow batteries, in ensuring a low-cost, reliable UK electric grid. The scheme includes a two-month application window opening in April 2025, with eligibility criteria favoring innovative technologies such as flow batteries. Invinity’s established UK manufacturing capabilities position it well to participate in the first delivery track, potentially enhancing its market presence and contributing to the UK’s energy security and economic growth.
More about Invinity Energy Systems
Invinity Energy Systems plc is a global leader in manufacturing vanadium flow batteries designed for large-scale, high-throughput energy storage needs in business, industry, and electrical networks. Their batteries are known for their durability, operating continuously without degradation for over 25 years, making them ideal for demanding applications in renewable energy. The company was formed in April 2020 through the merger of redT energy plc and Avalon Battery Corporation, and operates in major global energy storage markets with a presence 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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