TIDMIES
Invinity Energy Systems PLC
06 April 2023
6 April 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Project Delivery Update
S ignificant progress made on key project deliveries during Q1
2023
Further to the project delivery update provided on 30 December
2022, Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX:
IESVF), a leading global manufacturer of utility-grade energy
storage , is pleased to confirm the successful delivery of more
than 11.4 MWh of Invinity batteries so far in 2023. Key project
updates are below:
8.4 MWh Solar + Storage Project, Alberta, Canada
Invinity confirms that all 38 Invinity VS3 batteries have now
been delivered to Elemental Energy's Chappice Lake Solar + Storage
project site in Alberta, Canada. Final installation of the 8.4 MWh
battery system is now well under way, to be followed shortly by
energising, commissioning and commercial operation.
Picture: Final Invinity VS3 battery being sited at the Chappice
Lake Solar + Storage project in Alberta, Canada
8 MWh Solar + Storage Project, South Australia, Australia
Further to the update provided in the 30 December 2022
announcement, 14 Invinity VS3 batteries have cleared customs and
have now been delivered to a customer-designated holding facility
near the project site in South Australia. The remaining 27
batteries have been shipped from Invinity's facility and are
currently in transit to Australia. Installation work is ongoing,
with the balance of the total 8 MWh system expected to be installed
and energized within Q3 2023.
Picture: Invinity VS3 batteries at a holding facility in South
Australia
10 MWh Solar + Storage Project, California, U.S.
Invinity has also commenced manufacturing of the 10 MWh of VS3
batteries that will be used at the Viejas Microgrid project in
Southern California, in partnership with Indian Energy and funded
in part by the California Energy Commission. Eight Invinity
batteries are currently in transit to the Company's newly expanded
facility in Vancouver, Canada where they will undergo final
assembly and testing before being shipped to the project site. The
remaining batteries are expected to be delivered over the coming
months, in line with customer timelines and aligned with
construction works at site. The Company and its partners continue
to expect the battery system to be commissioned during
mid-2023.
Picture: VS3 Batteries ready for shipping from Invinity's
facility in China
Larry Zulch, Chief Executive Officer at Invinity said:
"I'm proud that our team has been able to deliver over 11 MWh of
products in recent months. This marks a significant shift for
Invinity from a development company to one that is able to
commercially supply our class-leading products into larger and
larger projects. The capability to close and fulfil orders at scale
is vital to meeting the growing demand for our products and
achieving our corporate goals."
Enquiries :
Invinity Energy Systems plc +44 (0)20 4551 0361
Jonathan Marren, Chief Development Officer and
Interim CFO
Joe Worthington, Director of Communications
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 65 MWh of systems already deployed or
contracted for delivery across over 70 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 or call Investor Relations
on +44 (0)204 551 0361
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