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Invinity Energy Systems ( (GB:IES) ) has issued an announcement.
Invinity Energy Systems has shipped its first ENDURIUM vanadium flow batteries, totaling 1.2 MWh, from its Vancouver facility to Gamesa Electric’s demonstration plant in Spain. This shipment marks a significant milestone in Invinity’s efforts to meet the growing global demand for long-duration energy storage, enhancing the company’s market positioning and collaboration with Gamesa Electric in renewable energy projects.
More about Invinity Energy Systems
Invinity Energy Systems plc is a prominent global manufacturer specializing in vanadium flow batteries designed for large-scale, high-throughput energy storage. Their products are known for their durability, with the ability to operate continuously without degradation for over 25 years. Invinity caters to the renewable energy sector, providing safe, reliable, and economical energy storage solutions ranging from less than 250 kilowatt-hours to tens of megawatt-hours. The company was formed in April 2020 through a merger of redT energy plc and Avalon Battery Corporation, and it operates in major global markets with deployments in 15 countries.
YTD Price Performance: -54.31%
Average Trading Volume: 1,019,871
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £69.39M
For a thorough assessment of IES stock, go to TipRanks’ Stock Analysis page.
