Invinity Energy Systems plc

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JE00BLR94N79

Electrical Components & Equipment

Market Closed - London S.E. Other stock markets 11:35:23 2024-04-26 am EDT			5-day change	1st Jan Change
24.5 ^GBX	+1.03%		+1.03%	-30.00%

Apr. 15	Invinity Energy Systems Close to Signing Investment Deals	MT
Apr. 15	AIM WINNERS & LOSERS: Horizonte plunges on Araguaia funding blow	AN

Invinity sells VS3 battery system to Vanadium subsidiary

July 28, 2023 at 09:26 am EDT

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Sells 0.2 megawatts per hour VS3 flow battery system to VSUN Energy, a wholly owned subsidiary of Australian Vanadium Ltd. Says battery system will be for use by Australian power provider, Horizon Power. Horizon owns and operates 34 microgrids across Western Australia. Horizon will pilot the VS3 battery at its microrigid project in Kununurra, Western Australia. Invinity says project delivery is expected to start in late 2023.

Invinity Chief Commercial Officer Matt Harper says: "Invinity is pleased to be supplying our proven and commercialised vanadium flow battery technology, that has important Australian roots, for VSUN and Horizon Power who are spearheading the use of alternative-to-lithium batteries for energy storage in Australia."

Current stock price: 48.13 pence, up 0.3% on Friday

12-month change: up 30%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	INVINITY ENERGY SYSTEMS PLC	24.5 GBX	+1.03%	+1.03%	58.31M
	AUSTRALIAN VANADIUM LIMITED	0.016 AUD	+6.67%	+6.67%	89.84M

Latest news about Invinity Energy Systems plc

Invinity Energy Systems Close to Signing Investment Deals	Apr. 15	MT
AIM WINNERS & LOSERS: Horizonte plunges on Araguaia funding blow	Apr. 15	AN
Invinity Energy rises on potential investment from strategic partners	Apr. 15	AN
Invinity shares rise on new Mistral manufacturing deal	Feb. 26	AN
Invinity Energy Systems Signs Deal for Domestic Manufacturing of Mistral Battery with Everbrite	Feb. 26	MT
Invinity Energy Systems plc Signs Strategic Manufacturing Agreement with Everdura	Feb. 26	CI
Invinity Energy Systems plc announced that it has received AUD 2.5 million in funding from Everbrite Technology Co., Ltd.	Feb. 25	CI
Australian Vanadium’s Vanadium Flow Battery Arrives in WA for Subsidiary VSUN Energy	Jan. 07	MT
Invinity expects surge in annual revenue	Dec. 18	AN
Invinity Energy Systems plc Provides Earnings Guidance for the Year 2023	Dec. 18	CI
Invinity Energy sells 1.1 megawatts of battery storage to NARLabs	23-10-03	AN
FTSE 100 Closes Down As Rising Yields, -2-	23-09-25	DJ
FTSE 100 Closes Down As Rising Yields, Asia-Property Worries Weigh	23-09-25	DJ
Invinity Energy reports "record" income and government contract win	23-09-25	AN
Invinity Energy Systems Up 14% on US Department of Energy Funding Deal	23-09-25	MT
Invinity Energy Systems Shares Jump on New US Contract, Soaring Revenue in Fiscal 2023	23-09-25	DJ
Earnings Flash (IES.L) INVINITY ENERGY SYSTEMS Reports H1 Revenue GBP14.8M	23-09-25	MT
Earnings Flash (IES.L) INVINITY ENERGY SYSTEMS Reports H1 Loss GBX-8.20	23-09-25	MT
Invinity Energy Systems plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-25	CI
Invinity Energy Systems plc Receives United States Department of Energy Funding for 84 MWh of Invinity VFBs	23-09-25	CI
Invinity Energy says partner begins operating battery in Canada	23-09-22	AN
Invinity hails Everdura order for new Mistral battery	23-09-14	AN
Invinity Energy Systems' Taiwan Partner Amends Vanadium Flow Battery Order	23-09-14	MT
Invinity Energy Systems plc Receives First Customer Order for its Next-Generation Vanadium Flow Battery MoU	23-09-14	CI
Invinity sells VS3 battery system to Vanadium subsidiary	23-07-28	AN

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Company Profile

Invinity Energy Systems PLC is a Jersey-based company, which is a global manufacturer of utility-grade energy storge. It is engaged in the manufacture and sale of vanadium flow battery systems and associated installation, warranty, and other services. It manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks. Its VS3 is the core building block of its energy storage systems. Its technology is non-flammable and requires little maintenance and upkeep. Its VS3-022 is designed to double stack, maximizing the energy density of the storage system on site. Multiple VS3-022 units can be grouped together to match specific storage project needs. With over 70 MWh of systems already deployed or contracted for delivery across over 79 sites in 15 countries, the Company is active in all global energy storage markets and has operations in the United Kingdom, Canada, United States of America, China and Australia.

Sector

Electrical Components & Equipment

Calendar

2024-06-24 - Q4 2023 Earnings Release (Projected)

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ESG Refinitiv

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Analysts' Consensus

Sell

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BUY

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Last Close Price

0.245 GBP

Average target price

0.9933 GBP

Spread / Average Target

+305.44%

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