Invinity Energy Systems (GB:IES) has released an update.
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Invinity Energy Systems, a global leader in utility-grade energy storage, has seen favorable market developments for its vanadium flow batteries, with an increasing number of projects excluding lithium-ion technology. Despite sales delays, the company’s robust cash reserves of £49.2m support the ongoing development of its next-generation product, Mistral, which is on track for commercial launch by year-end. Invinity’s strategy focuses on cost reduction and production efficiency to achieve EBITDA breakeven by 2026.
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