Battery manufacturer increases capacity 100% whilst energy sector remains in tailspin

“Despite ongoing global supply chain disruption” a battery manufacturer claims it is in a healthy position with new projects and increased capacity.

According to Invinity Energy Systems, the company has seen an expansion in projects internationally and cash receipts of £3.2m for milestone payments over the last six months.

Invinity’s projects include the Energy Superhub Oxford project - currently in commissioning phase and scheduled for completion in Q4 2021.

Invinity is also involved in the Scottish Water project and the Yadlamalka solar-plus-storage plant in Australia.

Larry Zulch, chief executive officer at Invinity said: “We spent the Period building Invinity’s ability to address the global opportunities for non-lithium energy storage now and for years to come.

“This vital ‘behind the scenes’ work is paying off as we establish Invinity as foremost in providing a factory-built flow battery product, progressing to our goal of being the global leader in utility-grade energy storage.

“Our VS3 is finally shipping as a standardized product into multiple projects, marking a highly significant inflection point for the Group. I couldn’t be more pleased at the progress we’ve made, the size of the opportunity in front of us, and our ability to address it.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.