TIDMIES
Invinity Energy Systems PLC
10 November 2023
10 November 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Scottish Cabinet Secretary for Net Zero Visits Invinity Bathgate
Facility
Màiri McAllan MSP highlights the importance of energy storage
and its role within a Just Transition to Net Zero
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX:
IESVF) a leading global manufacturer of utility-grade energy
storage , was delighted to welcome Màiri McAllan MSP, the Cabinet
Secretary for Transport, Net Zero and Just Transition in Scotland,
to the Company's manufacturing facility in Bathgate, West Lothian
yesterday.
Ms McAllan being given a demonstration of an operating VS3
battery product during her factory visit.
Ms McAllan was given a guided tour of the facility, where
Invinity VFBs are fully assembled and tested to ISO and UL
standards before being shipped to Invinity's customers around the
world. Ms McAllan then participated in a hands-on demonstration of
the capabilities of Invinity's batteries, charging an Invinity
VS3-022 battery with low-carbon electricity from the Scottish
electricity grid. Ms McAllan also took time to meet Invinity's
staff and learn how Invinity's batteries enable 24/7 renewable
energy from the sun and wind, by storing excess generation from
these renewable but intermittent sources of power and then
discharging that stored energy to fill in supply gaps when the sun
isn't shining and the wind isn't blowing.
(From left to right) Jonathan Marren (CFO and CDO), Màiri
McAllan MSP, Jean-Louis Cols (VP Solutions Engineering) and Paul
Docherty (VP of Manufacturing Operations) in front of two operating
Invinity VS3 flow batteries
Ahead of the 2023 United Nations Climate Change Conference
("COP28") due to be held later this month, the suitability of
Invinity's technology for key battery projects both in Scotland and
globally was also discussed with Ms McAllen, who noted the role
Invinity is currently playing in creating new green jobs in
Scotland and the Company's commitment to the principles of a Just
Transition.
The Scottish Government's 2023 Draft Energy Strategy and Just
Transition Plan recognised that "utility scale battery storage
offers fast responding, dispatchable power when required", allowing
for the acceleration of decarbonisation in the UK. The anticipated
growth in renewable generation in Scotland to meet net zero targets
is expected to lead to a significant rise in energy constraints for
which energy storage, such as Invinity's Vanadium Flow Batteries,
are an increasingly recognised solution.
Scotland's Net Zero Secretary, Màiri McAllan MSP said:
"It was a pleasure to visit Invinity Energy System's Bathgate
manufacturing facility to see their work first-hand. Their battery
storage technology has an important role to play in accelerating
the energy transition and, because the battery technology can be
recycled after use, it will also help grow the circular
economy.
"It is great to see a Scottish firm leading this innovation.
This work will not only support a just transition by creating more
green jobs in Scotland, but will help ensure we remain at the
forefront of the energy transition and can become a leader in
driving future clean power systems."
Jonathan Marren, Chief Financial Officer and Chief Development
Officer at Invinity said:
"Delivering 24/7 renewable energy on demand is a fundamental
requirement for achieving net zero both in the UK and globally.
Invinity are proud to be playing a significant role in making this
a reality through the growing deployment of longer duration energy
storage technology like our vanadium flow batteries.
We are delighted to have hosted Ms. McAllen, Cabinet Secretary
for Transport, Net Zero and Just Transition at our facility and are
grateful to her for the opportunity to demonstrate our
world-leading battery technology and showcase the skills of our
world-class team."
Stay up to date with news from Invinity. Join the distribution
list for the Company's monthly investor newsletter here .
Enquiries :
Invinity Energy Systems plc +44 (0)20 4551 0361
Jonathan Marren, Chief Financial Officer and
Chief Development Officer
Joe Worthington, Director of Communications
Tavistock (Financial PR Advisor) +44 (0)20 7920 3150
Simon Hudson / Charles Baister invinity@tavistock.co.uk
Notes to Editors
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX:
IESVF) manufactures vanadium flow batteries for large-scale,
high-throughput energy storage requirements of business, industry
and electrical networks.
Invinity's factory-built flow batteries run continually with no
degradation for over 25 years, making them suitable for the most
demanding applications in renewable energy production. Energy
storage systems based on Invinity's batteries are safe, reliable,
and economical, and range in size from less than 250 kilowatt-hours
to tens of megawatt-hours.
Invinity was created in April 2020 through the merger of two
flow battery industry leaders: redT energy plc and Avalon Battery
Corporation. With over 70 MWh of systems already deployed or
contracted for delivery across over 79 sites in 15 countries,
Invinity is active in all major global energy storage markets and
has operations in the UK, Canada, USA, China and Australia.
Invinity Energy Systems plc is listed in the UK on AIM and AQSE and
trades in the USA on OTCQX.
To find out more, visit invinity.com , sign up to our monthly
Investor Newsletter here or contact Investor Relations on via +44
(0)20 4551 0361 or ir@invinity.com
About Reach announcements
This is a Reach announcement. Reach is an investor communication
service aimed at assisting listed and unlisted (including AIM
quoted) companies to distribute media only / non-regulatory news
releases into the public domain. Information required to be
notified under the AIM Rules for Companies, Market Abuse Regulation
or other regulation would be disseminated as an RNS regulatory
announcement and not on Reach.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEAAFEFDDDFFA
(END) Dow Jones Newswires
November 10, 2023 07:37 ET (12:37 GMT)
Invinity Energy Systems (LSE:IES)
Historical Stock Chart
From Mar 2024 to Apr 2024
Invinity Energy Systems (LSE:IES)
Historical Stock Chart
From Apr 2023 to Apr 2024
