Invinity Energy Systems PLC
OTC:IESVF
Invinity Energy Systems PLC
Invinity Energy Systems Plc manufactures vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks. The firm is engaged in the manufacture and sale of vanadium flow battery systems plus associated installation, warranty, and other services. The firm focuses on developing and delivering the Invinity VS3, its flow battery product. The VS3-022 is a stationary energy storage system. The company uses Invinity's vanadium redox flow technology to store energy in an aqueous solution, which is non-flammable. The VS3-022 provides personnel safety. Invinity designs and manufactures utility-grade energy storage for grid-scale, commercial and industrial (C&I), and microgrid applications. The firm has deployed around 10 Megawatt hour (MWh) of systems across 40 sites in 14 countries. The company manufactures flow batteries for energy storage requirements of business, industry and electrical networks. Its storage markets are the United Kingdom, Canada, United States of America, China, and South Africa.
Invinity Energy Systems Plc manufactures vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks. The firm is engaged in the manufacture and sale of vanadium flow battery systems plus associated installation, warranty, and other services. The firm focuses on developing and delivering the Invinity VS3, its flow battery product. The VS3-022 is a stationary energy storage system. The company uses Invinity's vanadium redox flow technology to store energy in an aqueous solution, which is non-flammable. The VS3-022 provides personnel safety. Invinity designs and manufactures utility-grade energy storage for grid-scale, commercial and industrial (C&I), and microgrid applications. The firm has deployed around 10 Megawatt hour (MWh) of systems across 40 sites in 14 countries. The company manufactures flow batteries for energy storage requirements of business, industry and electrical networks. Its storage markets are the United Kingdom, Canada, United States of America, China, and South Africa.
Revenue Timing: Revenue for the year is heavily weighted to the second half, with $2 million recognized in the first half, mostly from grant income.
Order Book: The company has a GBP 20 million order book for the year, with maximum potential revenue and grant income of GBP 25 million if additional contracts close.
Cost Reduction: Production costs for ENDURIUM are now 43% lower than previous products, with an additional 36% cost reduction from moving manufacturing to China.
Strong Cash Position: Raised GBP 25 million recently, leaving the company with just under GBP 40 million in cash and funded through 2027.
Strategic Partnerships: Announced new partnerships in China and India to access those large markets and pursue a license/royalty model.
LDES Programs: Invinity is actively participating in global long-duration energy storage (LDES) procurement programs, including a strong showing in the UK Cap and Floor scheme.
Path to Scale: Management is focused on achieving cost competitiveness with lithium batteries and expects major revenue growth from 2027 onward.
Product Launch: ENDURIUM and ENDURIUM Enterprise have been launched, with nearly 2,000 battery modules now deployed in the field.
